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BASKING RIDGE, NJ 07920

Real Estate Market Report  ·  Somerset County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
34
vs 34 last year
Pending
21
62% pending ratio
Median Price
$518,500
⇩ 30.3% vs $743,750 last year
Average Price
$825,753
⇩ 23.9% vs $1,084,916 last year
Days on Market
60
vs 60 days last year

Market Context

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

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

Market Analysis

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

The BASKING RIDGE, NJ real estate market (07920) currently shows 34 active listings, with 21 pending sales. Homes are averaging 60 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

The median listing price has fallen 30.3% year-over-year, from $743,750 to $518,500.

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 Trends

Inventory & Days on Market

Year over Year
  • Days on market: 60 now vs 60 last year

Median & Average Pricing

Year over Year
  • Median: $518,500 (-30.3% YoY)
  • Average: $825,753 (-23.9% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.4 miles — 299 listings ($374,279,997 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07920Basking Ridge, NJ 079200.0 mi34$28,075,602$518,500$825,753
07980Stirling, NJ 079803.2 mi3$2,315,850$771,950$771,950
07059Warren, NJ 070594.1 mi42$81,682,986$1,550,000$1,944,833
07976New Vernon, NJ 079765.1 mi2$14,976,000$7,488,000$7,488,000
07931Far Hills, NJ 079315.6 mi21$65,578,338$2,414,000$3,122,778
07935Green Village, NJ 079356.5 mi1$2,550,000$2,550,000$2,550,000
07069Watchung, NJ 070696.7 mi11$17,803,687$1,385,000$1,618,517
08812Dunellen, NJ 088127.0 mi33$29,319,312$550,000$888,464
07934Gladstone, NJ 079347.1 mi2$1,058,000$529,000$529,000
07960Morristown, NJ 079607.6 mi58$75,179,194$899,999$1,296,193
07063Plainfield, NJ 070637.9 mi24$12,304,224$507,450$512,676
07974New Providence, NJ 079748.0 mi12$16,739,700$1,550,000$1,394,975
07060Plainfield, NJ 070608.4 mi56$26,697,104$484,500$476,734

Frequently Asked Questions

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

As of January 2026, there are 34 active listings in BASKING RIDGE, NJ (zip code 07920), compared to 34 the prior year.

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

The median listing price in BASKING RIDGE, NJ 07920 is $518,500 as of January 2026, a 30.3% decrease from $743,750 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 60 days on the market before going under contract, compared to 60 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 January 2026, BASKING RIDGE, NJ 07920 is currently a Balanced Market. Inventory levels are unchanged compared to 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 $10,370 compared to a typical 5% commission on the median listing price of $518,500. 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.