Market Overview
Home Prices in Westfield, NJ
The median home value in Westfield, NJ is $1,334,619 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.5% compared to a year ago and up 4.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Westfield are priced226% above average. Westfield is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Westfield home values have risen by approximately43.7%, reflecting strong long-term appreciation in this market.
Price History
Westfield Home Price Trend
City Comparison
Westfield vs. National Median
At $1,334,619, homes in Westfield cost 226% above the national median of $410,000. Buyers in Westfield should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Westfield?
20% Down Payment
$266,924
on $1,334,619
Monthly P&I
$6,961/mo
30-yr @ 6.8%
Total Monthly Est.
~$8,840/mo
incl. taxes & insurance
Income Needed
$353,600
gross annual (30% rule)
10% Down Option
$133,462
+ PMI applies
Loan Amount (20% dn)
$1,067,695
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Westfield, NJ?
The median home value in Westfield is $1,334,619 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.5% year-over-year.
How much have home prices changed in Westfield?
Over the past year, home values in Westfield have increased by 8.5%. Over five years, prices have risen approximately 43.7%.
How much do I need to earn to buy a home in Westfield?
To comfortably afford the median home price of $1,334,619 with a 20% down payment ($266,924) at today's rates (6.8%), you'd need a gross annual income of approximately $353,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Westfield compare to the national average home price?
The national median home value is approximately $410,000. At $1,334,619, homes in Westfield are 226% above the national average.
What metro area is Westfield part of?
Westfield is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.