Basking Ridge, NJ Foreclosures
How much do homes sell for in Basking Ridge, NJ?
The average home price is currently $994,455.
In Basking Ridge, NJ, how many homes are available?
There are currently 85 active home listings available in Basking Ridge.
What’s the average rental cost in Basking Ridge, NJ?
The average rental price in Basking Ridge is $3,658.
What is the most expensive home in Basking Ridge?
The most expensive home sold in Basking Ridge had a price of $20,580,454.
What is currently the cheapest priced home in Basking Ridge, NJ?
The cheapest home for sale in Basking Ridge is priced at $40,829.
Living in Basking Ridge, NJ
Basking Ridge, located in Somerset County, NJ, is a picturesque town known for its historic charm, beautiful nature parks, and top-rated schools. It offers a perfect blend of suburban tranquility and easy access to urban amenities. The community emphasizes family-friendly values, making it an ideal place to live for those seeking a peaceful lifestyle with plenty of recreational activities.
Current Market Conditions in Basking Ridge, NJ
The real estate market in Basking Ridge is currently strong, characterized by high demand and limited inventory. Homes are selling quickly, often at or above asking price, which reflects the desirability of the neighborhood. This trend is bolstered by the area’s excellent school system, attractive amenities, and proximity to major highways and public transport that enhances commuter convenience.
In recent months, analysts have noted a steady increase in home prices, driven by low mortgage rates and a competitive market. However, potential buyers may face challenges due to low supply, prompting many families to eagerly seek listings the moment they become available.
Home Value Estimator For Basking Ridge, NJ
There are currently 9,986 real estate properties
in Basking Ridge, NJ,
with a median automated valuation model (AVM) price
of $893,616.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Basking Ridge, NJ, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Basking Ridge, NJ,
is $994,455.00, with the most expensive house
in Basking Ridge, NJ, topping out
at $20,580,454.00 and the cheapest home
in Basking Ridge, NJ,
clocking in at $40,829.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Basking Ridge, NJ!
Rent Prices
In Basking Ridge, NJ
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Basking Ridge, NJ, is on
a rollercoaster ride. The
average rent price in Basking Ridge, NJ,
is $3,658.00. Indeed, when looking to rent in
Basking Ridge, NJ, you can expect to pay as little
as $1,590.00 or as much
as $8,440.00,
with the average rent median estimated to
be $3,540.00. The good news is that finding
an affordable and desirable property to rent in Basking Ridge, NJ
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
