There are currently 201 single family homes on the market for sale. These numbers have risen slightly in the past month as the spring market has picked up. Last month, there were about 195 listings for sale at this time. Inventory levels are higher than before, giving buyers more options when selecting a home.
Although prices in general have trended slightly lower, Westfield still remains an appealing option for many buyers, which has enabled homes to sell quickly if they are priced properly. Westfield NJ has an excellent school system, an expansive downtown shopping and dining area, and a train line to Newark, with transfer service to Manhattan.
Multiple offers are still a possiblity for competetively priced homes. However, with so many new listings, I expect days on market to rise for homes that are priced too high.
There were 30 properties that closed in May in Westfield, the average selling price was $1,004,033 and the average days on market was 94. (according to Garden State MLS Statistics)
Sean Carroll - Realtor
RE/MAX Classic Group
Serving Cranford, Westfield, Garwood, Berkeley Heights, and surrounding towns as your Realtor!