Home ValuePros

Market Intelligence · NJ / Somerset County

Basking Ridge, NJ home prices and housing market

1 ZIP market liveData updated September 2026Typical value$928K1-yr changeUp5.7%

The typical home value in Basking Ridge, NJ is $928K as of September 2026, up 5.7% from a year ago, based on the Zillow Home Value Index. In the typical Basking Ridge ZIP code, the median list price is $803K and homes spend a median of 32 days on market as of September 2026 (Realtor.com).

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The coverage

Basking Ridge, by the numbers.

Typical home valueZillow ZHVI, September 2026
$928K
1-yr changeMedian across Basking Ridge ZIPs
+5.7%
ZIP markets live
1
County
Somerset County

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12-month value trend

+5.7% over 12 months

Typical home value in Basking Ridge over the last 12 months: $878K in Sep 2025 to $928K in Sep 2026 (+5.7%).

Sep 2025$878K

Sep 2026$928K

Median Zillow home value index across Basking Ridge's ZIP codes.

Context

Basking Ridge's housing market shows steady strength. The typical home value stands at $938,148, up 5.4% over the past year as of August 2026. In September 2026, 53 homes were on the market with a median list price of $802,999. New listings totaled 36, and homes spent a median of 32 days on market. About 11.3% of listings carried a price cut. For homeowners considering a sale, the market remains reasonably balanced, though inventory is modest and competition from new listings is worth monitoring.

The numbers

What is the housing market like in Basking Ridge, NJ?

Typical home value

$928K

Up5.7%YoY

Median list price

$803K

Days on market

32

Homes for sale

53

Price cuts

11.3%

New listings

36

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Basking Ridge's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Basking Ridge, NJ home prices over time

Typical home values in Basking Ridge, NJ are up 5.7% over the past year, from $878K in September 2025 to $928K in September 2026.

Typical home value in Basking Ridge, NJ, September of each year
MonthTypical value1-yr change
September 2026$928,095+5.7%
September 2025$878,259No prior year

Typical value is the median Zillow Home Value Index across Basking Ridge ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Basking Ridge, NJ a buyer's or seller's market?

Basking Ridge, NJ leans toward a seller's market.

Relatively few listings have cut their asking price, which usually gives sellers the stronger position.

Based on a median of 32 days on market and 11% of listings with a price cut in the typical Basking Ridge ZIP code, and 36 new listings against 53 active listings across Basking Ridge, as of September 2026 (Realtor.com).

The outlook

Basking Ridge housing market forecast 2027

+2.7%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 1 Basking Ridge ZIP code, points to typical home values rising 2.7% by September 2027.

Over the 12 months through September 2026, typical home values in Basking Ridge rose 5.7%, per the Zillow Home Value Index.

Will home prices drop in Basking Ridge?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Basking Ridge shows typical home values rising 2.7% by September 2027, after a 5.7% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 1 Basking Ridge ZIP code has both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Basking Ridge?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier.

Zillow ZHVI, September 2026

Local pros

Who are the top real estate agents in Basking Ridge?

Top real estate agents in Basking Ridge, NJ

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Common questions

Questions about Basking Ridge, NJ home prices.

What is a typical home worth in Basking Ridge?

The typical home value in Basking Ridge is $938,148, up 5.4% over the past year as of August 2026.

How many homes are available for sale?

As of September 2026, there are 53 homes for sale with a median list price of $802,999.

How long do homes typically stay on the market?

Homes in Basking Ridge spent a median of 32 days on market as of September 2026.

Are home prices going up or down in Basking Ridge, NJ?

Typical home values in Basking Ridge, NJ are up 5.7% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Basking Ridge, NJ a buyer's or seller's market?

Basking Ridge, NJ leans toward a seller's market. Relatively few listings have cut their asking price, which usually gives sellers the stronger position. Based on a median of 32 days on market and 11% of listings with a price cut in the typical Basking Ridge ZIP code, and 36 new listings against 53 active listings across Basking Ridge, as of September 2026 (Realtor.com).

Nearby markets

More New Jersey housing markets.

The market is moving

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