Basking Ridge Listed As 4th 'Hottest' Housing Market In U.S. For 2024

BASKING RIDGE, NJ — It's no secret for Bernards Township residents but a new list released from Realtor.com on Tuesday shows Basking Ridge once again topping charts as a great place to live.

Basking Ridge(07920) was ranked as the fourth hottest real estate market for home-buying in 2024, according to data from Realtor.com.

The town boasts a median listing price of $967,000. Homes on the market in Basking Ridge see about 3.5 viewers per property vs the U.S. and have an average of lasting 16 median days on the market.

Basking Ridge was among the only two New Jersey towns to make the top 10 list. Mount Laurel (08054) came in at number six.

Overall, (43230) Gahanna, Ohio was ranked number one for the hottest zip codes in the country followed by (63021) Ballwin, Mo. and (01970) Salem, Mass.

Realtor.com's Hottest Zip Code rankings are based on an algorithm that takes into account two aspects of the housing market:

1. Market demand, as measured by unique viewers per property on Realtor.com
2. The pace of the market as measured by the number of days a listing remains active on Realtor.com.

"The hottest areas are those that have high demand from buyers, in other words, lots of unique viewers per each property, and fast-selling homes, an indicator of limited supply," according to Realtor.com.

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