Local Realtors In Basking Ridge New Jersey

Essential things to know about Basking Ridge, New Jersey

New Jersey’s history and administration are indeed unique. A fascinating piece of trivia is that counties and municipalities make up the local government in New Jersey. Also, local jurisdictions differ from other US states. For this reason, you won’t find either consolidated counties or independent cities in this state. 

Therefore, Basking Ridge isn’t a proper city but rather an unincorporated community situated in Bernards Township in Somerset County, New Jersey. In its turn, Bernards Township (formerly known as Bernardston Township) is a residential area serving as a commuter city or bedroom suburb of primarily New York City. At its incorporation, portions of the adjacent Bernardsville were annexed to Bernards Township. You must also know that the township hosts Lyons, Liberty Corner, and West Millington besides Basking. Basking Ridge, often referred to as a village, has 13.46 square miles. In addition, the community had a population of approximately 27,000 in 2021.

The town’s name derives from the legend that wild animals in the neighboring lowlands used to bask on this grand ridge in the sun.

The thriving real estate market in Basking Ridge, New Jersey

Did we mention that the neighborhood is trendy for newcomers searching for a local job or a position in New York City? House-hunters are fond of Basking Ridge due to its location, short commuting distance, and excellent transportation. Based on these advantages, the local housing market is booming. As of December 2021, the median listing home price was approximately $670,000, while homes sold for $615,000 on average. The median home sold prices have been subject to minor fluctuations over the last couple of years, reaching their zenith in October 2021 with $823,000 on average. Currently, the neighborhood is a seller’s market. More people are looking to buy a home in Basking Ridge than the number of properties listed. Typically, home sellers will receive the price they ask for their real estate. Imagine this town as a transition between New York and the rest of the US to form a better view of the Basking Ridge housing market prices. Homes are slightly more affordable here than in the Big Apple, yet more expensive when compared to the US average. Suppose you wish to move to this wonderfully tranquil town soon. The best course of action is to contact local real estate agents in Basking Ridge NJ.

Discover the thriving local economy in Basking Ridge!

As we previously mentioned, Basking Ridge in New Jersey is a residential area rather than a commercial or industrial community. There were 9,802 households in Basking Ridge, counting three people per household on average. Locals have well-paying jobs in the surrounding metropolitan areas, such as New York City. Thus, the median household income of about $152,000 as of 2021 shouldn’t come as a big surprise. However, high median salaries come at a price. Consequently, the cost of living in Basking Ridge is overall higher than the US average, including groceries, transportation, median home costs, and utilities. The good news is that healthcare services cost less than the American median value.

For sure, Basking Ridge isn’t exclusively a residential district. Let’s look at the area’s most renowned employers and great corporations! Did you know that Basking Ridge hosted the old American Telephone & Telegraph Company (AT&T)? In the 21st century, you can find headquarters for Verizon Wireless, Collabera, Barnes & Noble College Booksellers, Vencore Labs, etc., here. Contact realtors in Basking Ridge NJ to find out more about the local economy!

Is it worth moving to Basking Ridge, New Jersey?

Like Bernards Township in general, Basking Ridge benefits from an above-average school system, countless recreational programs, and facilities, such as expertly arranged parks. Choose Basking Ridge if you wish to enjoy a family-oriented neighborhood, an abundance of cultural and artistic events, and commendable public safety with low crime rates. Furthermore, the town excels in providing first-class municipal services. The local government takes environmental issues seriously by promoting green initiatives. Related to this topic, we recommend you visit the famous Environmental Education Center at Lord Stirling Park to investigate the vivid local wildlife! The Great Swamp National Wildlife Refuge is another beautiful tourist destination for nature lovers. Realtors in Basking Ridge NJ can suggest plenty of other open-air activities!

Basking Ridge isn’t short of fascinating things to do and memorable places to visit. By all means, check out Princeton University (a 4-hour trip from Basking) and Prudential Center (hosting truck rallies, children’s shows, hockey games, and concerts!) Include the New Jersey Performing Arts Center on your list too! In short, you’ll find many electrifying activities to engage in once you’re in Basking Ridge. 

Call local real estate agents in Basking Ridge, New Jersey, now! The local realtors in Basking Ridge NJ will address your inquiries about the warm-hearted and welcoming community, the many outstanding career opportunities, and, most of all, the excellent housing market!