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BASKING RIDGE, NJ 07920

Real Estate Market Report  ·  Somerset County
Buyer's Market
April 2026  ·  Source: Realtor.com

Market Analysis

Data as of April 2026. Source: Realtor.com.

The BASKING RIDGE, NJ real estate market (07920) currently shows 75 active listings, with 42 pending sales. Homes are averaging 21 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 21 days on market compared to 11 days last year.

The median listing price has risen 13.4% year-over-year, from $805,000 to $913,250.

Whether you are buying or selling in BASKING RIDGE, NJ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 28,460  ·  Density: 404.4/mi²  ·  Median household income: $174,754

Typical home value: $732,853  ·  Homeownership: 83.7%

Market Overview

Active Listings
75
⇧ 13.6% vs 66 last year
Pending
42
56% pending ratio
Median Price
$913,250
⇧ 13.4% vs $805,000 last year
Average Price
$1,049,811
⇧ 0.6% vs $1,043,781 last year
Days on Market
21
⇧ 90.9% vs 11 days last year

Price Per Square Foot

Median $/sqft
$436
⇧ 18.5% vs $368/sqft last year
Median Home Size
2,225 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 75 this year vs 66 last year
  • Days on market: 21 now vs 11 last year

Median & Average Pricing

Year over Year
  • Median: $913,250 (+13.4% YoY)
  • Average: $1,049,811 (+0.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.4 miles — 318 listings ($385,794,072 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07920Basking Ridge, NJ 079200.0 mi38$35,803,448$499,000$942,196
07980Stirling, NJ 079803.2 mi4$3,087,800$771,950$771,950
07059Warren, NJ 070594.1 mi36$63,298,008$1,652,500$1,758,278
07976New Vernon, NJ 079765.1 mi3$16,466,250$5,813,250$5,488,750
07931Far Hills, NJ 079315.6 mi22$67,656,292$2,412,750$3,075,286
07935Green Village, NJ 079356.5 mi1$2,300,000$2,300,000$2,300,000
07069Watchung, NJ 070696.7 mi10$16,962,810$1,671,175$1,696,281
08812Dunellen, NJ 088127.0 mi35$31,116,050$517,450$889,030
07934Gladstone, NJ 079347.1 mi1$1,056,250$1,056,250$1,056,250
07960Morristown, NJ 079607.6 mi58$77,481,156$950,000$1,335,882
07063Plainfield, NJ 070637.9 mi30$14,379,870$487,400$479,329
07974New Providence, NJ 079748.0 mi18$24,046,020$1,450,000$1,335,890
07060Plainfield, NJ 070608.4 mi62$32,140,118$489,500$518,389

Frequently Asked Questions

How many homes are for sale in BASKING RIDGE, NJ 07920?

As of April 2026, there are 75 active listings in BASKING RIDGE, NJ (zip code 07920), compared to 66 the prior year.

What is the median home price in BASKING RIDGE, NJ 07920?

The median listing price in BASKING RIDGE, NJ 07920 is $913,250 as of April 2026, a 13.4% increase from $805,000 the prior year.

How long do homes stay on the market in BASKING RIDGE, NJ?

Homes in BASKING RIDGE, NJ 07920 spend an average of 21 days on the market before going under contract, compared to 11 days the prior year.

Is it a seller's or buyer's market in BASKING RIDGE, NJ 07920?

Based on current inventory and days-on-market data as of April 2026, BASKING RIDGE, NJ 07920 is currently a Buyer's Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 21 days on market compared to 11 days last year.

How much can I save on real estate commission in BASKING RIDGE, NJ?

With SELL123.com's maximum 3% commission, sellers in BASKING RIDGE, NJ 07920 save an estimated $18,265 compared to a typical 5% commission on the median listing price of $913,250. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.