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Basking Ridge Housing Market Report May 2025•Somerset County, New Jersey
Housing Prices in Basking Ridge, NJ
How much do homes in Basking Ridge, NJ cost?
Housing Market Conditions
Is Basking Ridge, NJ a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Basking Ridge is a Neutral Market
Difference Since May 2024
At the same time last year, Basking Ridge was a Seller's Market.
Insight
Basking Ridge is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$825,000$416/SqFt
+$40,000
+5.1%
Based on all homes sold in the last 12 months
Insight
Homes in Basking Ridge have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Basking Ridge was $825,000 in May 2025, up 5.1% from last year, and the median price per square foot was $416.
Median Sold Price By Cities
| City | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| Millington | $729K | $847.5K | +16.3% |
| Long Hill Township | $693.1K | $750K | +8.2% |
| Bernards Township | $799K | $856.7K | +7.2% |
| Warren Township | $1.0M | $1.1M | +6.6% |
| Basking Ridge | $785K | $825K | +5.1% |
Median Sold Price By Bedrooms
| Beds | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $309K | $355K | +14.9% |
| 22 Bedrooms | $452.5K | $480K | +6.1% |
| 33 Bedrooms | $737.7K | $780K | +5.7% |
| 44 Bedrooms | $1.1M | $1.1M | -0.4% |
| 55+ Bedrooms | $1.4M | $1.5M | +8.4% |
Summary: Basking Ridge housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes increased by +14.9%. The home price for 2 bedroom homes increased by +6.1%. The home price for 3 bedroom homes increased by +5.7%. The home price for 4 bedroom homes decreased by -0.4%. The home price for 5 bedroom homes increased by +8.4%.
How does Basking Ridge, NJ compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Basking Ridge, NJ
Housing supply in Basking Ridge, NJ
How many homes are available in Basking Ridge, NJ?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 127Last MonthMay 2025 | ||
| 1072 months agoApr 2025 | +18.7 % Change MoMApr – May |
Summary: The Basking Ridge real estate market had 127 homes for sale in May 2025, a 18.7 % increase compared to Apr 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 21Last MonthMay 2025 | ||
| 242 months agoApr 2025 | -12.5 % Change MoMApr – May |
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 10 | 7 | -30.0% |
| 22 Bedrooms | 25 | 30 | +20.0% |
| 33 Bedrooms | 20 | 23 | +15.0% |
| 44 Bedrooms | 27 | 36 | +33.3% |
| 55+ Bedrooms | 25 | 31 | +24.0% |
Summary: Basking Ridge housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -30.0%. The inventory for 2 bedroom homes increased by +20.0%. The inventory for 3 bedroom homes increased by +15.0%. The inventory for 4 bedroom homes increased by +33.3%. The inventory for 5 bedroom homes increased by +24.0%.
Asking Price vs. Sold Price
How much do homes in Basking Ridge, NJ cost?
Over Asking Price18 Homes
At Asking Price0 Home
Under Asking Price3 Homes
Insight
If you're buying a home in Basking Ridge, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Basking Ridge in May 2025, down by 12.5% month-over-month. Of the 21 sold homes, 14% were sold under asking, 0% were sold at asking, and and 86% were sold over asking.
Days on Market for Basking Ridge, NJ
How long does it take to sell a home in Basking Ridge, NJ?
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 0 DaysThis YearMay 2025 | ||
| 68 Days1 year agoMay 2024 | 0.0 % Change YoYMay 2024 – May 2025 |
Summary: Homes in Basking Ridge had an average listing age of 0 days in May 2025, down by .0% compared to the previous year.
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Newest Listings in Basking Ridge, NJ
What homes are available in Basking Ridge, NJ?
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MLS Disclaimers and Copyright
Based on information from Garden State MLS, Monmouth Ocean Regional MLS, and ALL JERSEY MLS for the period 06/01/2023 - 06/01/2025
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.
Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/26/2025, 12:45:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.
Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/26/2025, 12:45:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2025 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/26/2025, 12:40:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2025, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/26/2025, 12:45:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.