Comprehensive market data and analysis• Updated Dec 2025
0.0 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 2 |
| 1-2 acres | - | - | - | 2 |
| 2-5 acres | - | 1 | 1 | 1 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 1 | 5 |
Acreage buckets
The median price for land in Basking Ridge, New Jersey is currently $362K per acre. For a typical parcel, the median sale price is $475K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $184K while premium lots reached $3.2M.
The current absorption rate in Basking Ridge, New Jersey is 100.0% (3-month basis), indicating strong demand. The top-performing broker in this market is Weichert Realtors.
Over the past 12 months, Basking Ridge, New Jersey saw 5 properties sold, totaling $6.6M in sales volume. In just the last 3 months, 1 properties changed hands.
Land in Basking Ridge, New Jersey typically sells within 91 days of listing. The median time on market is 91 days. Properties are moving at a moderate pace in the current very hot seller's market.
Land in Basking Ridge, New Jersey averages $2.5M per acre. The median price per acre is $362K, which may be more representative of typical transactions. Most parcels sold are around 1.0 acres.
The median land price in Basking Ridge, New Jersey stands at $475K. This translates to roughly $362K per acre for the typical parcel size. The average price is $1.3M, indicating some higher-priced properties pulling up the average.
The 3-month absorption rate in Basking Ridge, New Jersey is 100.0%. The 12-month rate is 100.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
