Market Intelligence · NJ / Basking Ridge

Basking Ridge, NJ 07920 Housing Market

The typical home value in Basking Ridge, NJ 07920 is $938,148, up 5.4% over the past year as of August 2026. As of September 2026, the median list price is $802,999 and homes spend a median of 32 days on the market.

Updated September 2026Median value$928K

The median home value in Basking Ridge, NJ 07920 is $928K as of September 2026, up 5.7% 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

$854K to $1M

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

+5.7% over 12 months

Sep 2025$878K

Low $878KHigh $928K

Sep 2026$928K

The numbers

What is the 07920 housing market like?

As of September 2026

Typical home value

$928K

5.7%YoY

Median list price

$803K

5.3%MoM

Days on market

11.1%MoM

Homes for sale

20.5%MoM

Price cuts

11.3%

24.6%MoM

New listings

50.0%MoM

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

The outlook

07920 housing market forecast 2027

+2.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 07920 to rise 2.7% by September 2027.

Over the 12 months through September 2026, typical home values in 07920 rose 5.7%, per the Zillow Home Value Index.

Will home prices drop in 07920?

Zillow's forecast does not call for a drop: it expects typical home values in 07920 to rise 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.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 07920 home prices compare?

07920$928,095
Basking Ridge$928,095
New Jersey$575,161
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Basking Ridge: 1 ZIP; New Jersey: 547 ZIPs; United States: 26,262 ZIPs).

Context

Basking Ridge values have kept climbing, with the typical home worth $938,148 after a 5.4% gain over the past year. The September 2026 numbers show 53 homes for sale and 36 new listings, so buyers have a steady stream of options. Even so, homes are moving at a median of 32 days on the market. Only 11.3% of listings have taken a price cut, which suggests most sellers are holding near their asking prices. For a seller, that points to a market that still rewards a well-priced home without requiring deep discounts.

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Down payment20% · $185,619

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Common questions

What people ask us.

How much is a home in 07920 worth?

The typical home value in 07920 is $938,148, up 5.4% over the past year as of August 2026.

How fast are homes selling in Basking Ridge, NJ 07920?

Homes spend a median of 32 days on the market as of September 2026, and only 11.3% of listings have had a price cut.

How many homes are for sale in 07920?

There are 53 homes for sale as of September 2026, with 36 new listings added that month.

Discover

Nearby ZIP markets.

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