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Featured local agent — Westwood, NJ
Sarah Mitchell
Compass Real Estate · Westwood, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Westwood, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$647,500median sale price
How is the Westwood, NJ housing market right now?
The median home sale price in Westwood, NJ is $647,500, down 22.3% year-over-year. Homes sell in an average of 42 days with 24 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Westwood a buyer's or seller's market?
Westwood, NJ is currently a balanced market, based on 12.0 months of supply and homes selling in about 42 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
42
Average pace
Active listings
24
12.0 months supply
Sale-to-list
110.9%
Above asking
What does the Westwood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $647,500 |
| Median list price | $885,000 |
| Year-over-year price change | -22.3% |
| Average days on market | 42 days |
| Active inventory | 24 listings |
| Months of supply | 12.0 months |
| Sale-to-list price ratio | 110.9% |
| Median price per sq ft | $601/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 9 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Westwood by property type?
How the Westwood, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $865,000 | $601/sq ft | 1 | 29 days |
| Condo / Co-op | $430,000 | — | 1 | 54 days |
Source: Redfin · Updated monthly
The Westwood housing market is currently classified as a balanced market with a median sale price of $647,500. Prices have fallen 22.3% compared to last year, with homes spending an average of 42 days on market, indicating 12.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.6x provides context for how home values compare to local earning capacity.
Homes for sale in Westwood
There are currently 24 homes listed for sale in Westwood, New Jersey. The median listing price is $885K.
Active listings
24
Homes on market
Median list price
$885K
Avg. days on market
42
Days until sale
New this week
9
Newly listed
Who lives in Westwood?
Population
11,221
Median income
$169,026/yr
Median age
41.7 years
Owner-occupied
66.1%
College grads
55.8%
Avg commute
28.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Westwood?
Zillow home value
$784,558
Price-to-income
4.6x
Source: Zillow Research
What is it like to live in Westwood?
Westwood is a community of approximately 11K residents with a median age of 41.7 years.The median household income is $169,026, which reflects a relatively affluent area with strong earning potential. 55.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 66.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Westwood offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Westwood?
3 schools tracked · 1,340 students
The largest public schools serving Westwood, NJ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Westwood Regional Middle School
Grades 6-8 · 683 students
Brookside Elementary School
Grades K-5 · 375 students
Berkeley Elementary
Grades K-5 · 282 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Westwood, NJ?
Want a head-to-head view? Compare Westwood side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Westwood?
The median home sale price in Westwood is $647,500, down 22.3% from last year.
How long do homes stay on market in Westwood?
Homes typically spend 42 days on market before going under contract.
What is the median income in Westwood?
The median household income is $169,026 per year.
Is Westwood a buyer's or seller's market?
With 12.0 months of supply, Westwood is currently a balanced market.
What is the Zillow home value estimate for Westwood?
The Zillow Home Value Index (ZHVI) for Westwood is $784,558, representing the typical home value in the area.
What is the median condo price in Westwood?
The median condo/co-op sale price in Westwood, NJ is $430,000, compared to $865,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Westwood?
The median single-family home price in Westwood, NJ is $865,000 (about $601 per square foot).
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