Basking Ridge, NJ Real Estate Market Summary – September 8, 2026
In Basking Ridge, NJ, there were 25 homes sold recently, averaging a pace of 1 every 1.20 days. The average home in this market has a living area of 950 square feet and was built around 1980.
| Metric | 30 Days |
|---|---|
| Number Sold | 25 |
| Sold Per Day | 1 every 1.20 days |
| Average SQFT | 950 |
| Median Sales Price | $775,000 |
| Average Sales Price | $888,651 |
| Average Price Per SQFT | $426 |
| Average Days on Market | 17 |
| Average Year Built | 1980 |
Basking Ridge, NJ Single Family Home Analysis
In the single-family segment, 22 homes were sold with a median sale price of $797,500. These homes typically had a construction year around 1986 and spent an average of 16 days on the market.
| Metric | 30 Days |
|---|---|
| Number Sold | 22 |
| Sold Per Day | 1 every 1.36 days |
| Average SQFT | not provided |
| Median Sales Price | $797,500 |
| Average Sales Price | $940,058 |
| Average Price Per SQFT | not provided |
| Average Days on Market | 16 |
| Average Year Built | 1979 |
Basking Ridge, NJ Condo & Townhome Analysis
For condo and townhome sales, 3 units were sold with a median sale price of $525,000. These properties were also built in 1986, averaging around 950 square feet and were on the market for an average of 26 days.
| Metric | 30 Days |
|---|---|
| Number Sold | 3 |
| Sold Per Day | 1 every 10.00 days |
| Average SQFT | 950 |
| Median Sales Price | $525,000 |
| Average Sales Price | $511,667 |
| Average Price Per SQFT | $426 |
| Average Days on Market | 26 |
| Average Year Built | 1987 |
Buyer & Seller Analysis
- Homes are currently selling at a pace of 1 every 1.20 days.
- The average days on the market for all properties is 17 days.
- Median sale prices for homes are $775,000 overall.
- Condo and townhome listings totaled 3 in the last month.
Conclusion
Overall, the Basking Ridge market indicates a consistent selling pace with properties spending a relatively brief period on the market. Both single-family homes and condos show distinct price points, suggesting diverse options for potential buyers.