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Market Intelligence · NJ / Basking Ridge

Basking Ridge, NJ 07920 Housing Market

The typical home value in Basking Ridge, NJ 07920 is $945,658, up 4.7% over the past year. The median list price stands at $867,450, with homes spending 35 days on the market.

Updated July 2026Median value$946K

The median home value in Basking Ridge, NJ 07920 is $946K as of July 2026, up 4.7% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 07920 range

$870K to $1.02M

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+4.7% over 12 months

Typical home value in 07920 over the last 12 months: $903K in Jul 2025 to $946K in Jul 2026 (+4.7%).

Jul 2025$903K

Jul 2026$946K

The numbers

What is the 07920 housing market like?

Typical home value

$946K

Up4.7%YoY

Median list price

$867K

Up13.7%MoM

Days on market

35

Up59.1%MoM

Homes for sale

43

Down12.2%MoM

Price cuts

4.8%

Down44.0%MoM

New listings

28

Down17.6%MoM

Sources · Zillow ZHVI (July 2026) / Realtor.com (July 2026) / FRED (August 2026)

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The comparison

How do 07920 home prices compare?

  • 07920$945,658
  • Basking Ridge$945,658
  • New Jersey$581,824
  • United States$289,821

Median Zillow home value (ZHVI), as of July 2026. Comparison levels are medians across every ZIP code with Zillow data (Basking Ridge: 1 ZIPs; New Jersey: 547 ZIPs; United States: 26,266 ZIPs).

Context

Basking Ridge shows steady appreciation, with typical home values climbing 4.7% annually. Currently 43 homes are listed for sale, while 28 new listings came to market recently. Homes are moving at a median of 35 days on the market, suggesting reasonable demand for available inventory. With 4.8% of listings carrying a price cut, the market is selective but not deeply pressured. If you're considering selling, the year-over-year gains are solid, though inventory levels suggest you should price accurately to move.

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20% · $189,132

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