The numbers are in! Here’s a snapshot of the Basking Ridge real estate market as of March 29, 2025:
Q1 Market Stats
New Listings: 72
39 Single-Family Homes 33 Townhomes & Condos
Closings: 36
Homes Under Contract: 54
Average List Price: $998,530
Average Sale Price: $773,636
Closed Sales Sold: 4.6% over list price, on average
What does this mean for buyers & sellers?
Inventory remains low, and demand is steady, keeping competition high. Well-priced, well-prepared homes are still getting multiple offers and selling over asking.
Thinking About Buying or Selling?
I get asked all the time: “Is now a good time?”
The answer? It depends. Some sellers are in a great position to list and move up. Others may benefit from waiting for market shifts. Some buyers are ready to jump in now. Others may want to wait for more options or better rates.
The key is having the right strategy and an expert who tells you the truth—not just what you want to hear.
Have questions? Let’s chat—no pressure, just honest advice.
Reach out anytime!
