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Westfield Ranks 6th Among Most Expensive Markets in NJ

Coldwell Banker released its Home Listing Report.

Coldwell Banker Real Estate announced its 2012 Home Listing Report Wednesday, which compares the average home listing price of more than 72,000 four-bedroom, two-bathroom properties listed on coldwellbanker.com between January 2012 and June 2012. 

The following is a list of the most expensive markets in New Jersey:

Market Average Price Home Listing Report Rank Bernards Township $817,264 2439 Franklin Lakes $789,009 2436 Chatham $773,533 2432 Madison Boro $743,677 2425 Upper Saddle River $730,938 2422 Westfield $726,974 2419 Warren Township $715,980 2412 Wyckoff $706,614 2408 Ridgewood $706,443 2407 Mendham Boro $688,823 2398

The following are the most affordable markets in New Jersey:

Market Average Price HLR Rank Irvington $92,264 15 Willingboro $128,790 118 Newark $145,411 224 Bridgeton $156,209 323 Roselle $160,930 373 Paterson $186,083 718 Millville $186,545 726 Pennsville $203,384 935 Browns Mills $210,350 1027 Plainfield $210,411 1028

To view a complete list of rankings in New Jersey, click here.

Methodology: 

The Coldwell Banker U.S. Home Listing Report analyzes the average listing price of four-bedroom, two-bathroom properties on coldwellbanker.com between January 2012 and June 2012. Coldwell Banker affiliates as well as other franchise brands associated with Realogy Holdings Corp contribute to listings on coldwellbanker.com. Markets without at least 10 four-bedroom, two-bathroom listings oncoldwellbanker.com between January 2012 and June 2012 were excluded from the ranking. Out of respect to those still dealing with damage by Hurricane Sandy, some affected U.S. markets will not be included in the 2012 Home Listing Report data set that will be published to the Coldwell Banker website.

Westfield Parent November 29, 2012 at 06:50 PM
Westfield is on Top 10 list but Summit is NOT? I found that hard to believe.
Taryn Goodhart November 29, 2012 at 09:11 PM
Where is Millburn/Short Hills? They aren't on the entire list.
XM December 04, 2012 at 09:20 AM
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