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BASKING RIDGE, NJ 07920

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The BASKING RIDGE, NJ real estate market (07920) currently shows 38 active listings, with 19 pending sales. Homes are averaging 25 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are selling faster, averaging 25 days on market compared to 41 days last year.

The median listing price has fallen 34.3% year-over-year, from $733,750 to $482,225.

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
38
⇧ 8.6% vs 35 last year
Pending
19
50% pending ratio
Median Price
$482,225
⇩ 34.3% vs $733,750 last year
Average Price
$813,512
⇩ 19.8% vs $1,014,059 last year
Days on Market
25
⇩ 39% vs 41 days last year

Price Per Square Foot

Median $/sqft
$387
⇧ 15.9% vs $334/sqft last year
Median Home Size
1,608 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 38 this year vs 35 last year
  • Days on market: 25 now vs 41 last year

Median & Average Pricing

Year over Year
  • Median: $482,225 (-34.3% YoY)
  • Average: $813,512 (-19.8% 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 — 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 February 2026, there are 38 active listings in BASKING RIDGE, NJ (zip code 07920), compared to 35 the prior year.

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

The median listing price in BASKING RIDGE, NJ 07920 is $482,225 as of February 2026, a 34.3% decrease from $733,750 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 25 days on the market before going under contract, compared to 41 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 February 2026, BASKING RIDGE, NJ 07920 is currently a Balanced Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are selling faster, averaging 25 days on market compared to 41 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 $9,645 compared to a typical 5% commission on the median listing price of $482,225. 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.