There were 31 closed sales in Basking Ridge for the month of April. With an overall inventory of 221 homes Actively for sale, this implies a 7 month inventory. All else being equal, this tends to support generally steady pricing for homes in our area over the months ahead.

One thing to remember is that the April closed sales have been in the pipeline as pending (e.g. Under Contract) for between 30 and 60 days or so, implying that these sales were agreed to in February or March.

Many more homes – 107 – are currently Under Contract – a separate category in the MLS – so we’ll keep you posted on the upcoming changes and the potential effect on pricing.

Address Listing Price Selling Price
92 Potomac Dr $240,000 $220,000
89 Smithfield Ct $242,900 $228,000
234 Irving Pl $245,000 $240,000
126 Alexandria Way $247,000 $240,000
215 Alexandria Way $250,000 $236,000
90 Jamestown Rd $254,900 $252,450
102 Woodward Ln $259,000 $247,000
15 Commonwealth Dr $259,000 $246,000
265 Penns Way $320,000 $309,000
333 Penns Way $325,000 $312,500
93 Sycamore Ct $380,000 $375,000
21 Prescott Ct $469,999 $471,000
3 Charleston Ct $489,000 $465,000
31 Ridge St $499,000 $450,000
1 N Dexter Dr $499,900 $450,000
16 Fairbanks Ln $539,000 $520,000
35 Cannon Ct $539,000 $525,000
29 Alder Ln $579,900 $581,000
22 Hancock Ct $584,900 $570,000
27  Shepard Way $619,000 $625,000
489 King George Rd $650,000 $625,000
21 Martinsville Rd $719,900 $650,000
117 Fieldstone Dr $750,000 $732,500
29 Penwood Rd $780,000 $780,000
32 Berkeley Cir $829,900 $820,000
13 Witherspoon Ln $830,000 $807,000
47 Addison Dr $849,900 $829,000
33 Summit Dr $1,030,000 $990,000
9 Caldwell Ct $1,299,000 $1,258,500
47 Clairvaux Ct $1,425,000 $1,360,000
10 Butternut Ln $1,800,000 $1,625,000
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