October Real Estate Market Update

What’s Happening in Bedminster, Basking Ridge, Bridgewater & Warren

1. Overview of the Market

As we move through October, the real estate landscape across Bedminster, Basking Ridge, Bridgewater, and Warren continues to evolve. Buyer demand remains steady, inventory is slowly rising, and pricing has leveled into a more balanced pace.

According to recent data, the median sold price in Somerset County is around $633,750, up 8.3% year-over-year, while homes stay on the market for roughly 25–30 days on average. What does this mean? Sellers still hold an advantage — but smart pricing and strong marketing are essential.

That’s where Klug Realty Group comes in. As one of the top-performing real estate teams in the area, we’ve been guiding clients through shifting market conditions with data-driven insights and proven local expertise.

2. Inventory, Days on Market & Buyer Behavior

Inventory is inching up across Somerset County — roughly an 11% increase compared to last year — giving buyers a few more options. However, well-priced, move-in-ready homes continue to sell quickly.

Buyers are now more deliberate, comparing values between nearby towns and waiting for the “right fit.” Working with an experienced agent like Klug Realty Group can make all the difference; we know the micro-markets inside and out and can help buyers spot hidden gems before the competition does.

3. What’s Happening in Each Town

🏘 Bedminster
Bedminster’s semi-rural charm and strong community feel continue to attract buyers seeking more space and privacy. With limited listings, homes here often draw serious interest. Sellers who partner with Klug Realty Group benefit from high-impact marketing that showcases lifestyle and location — key factors driving today’s buyers.

🌳 Basking Ridge
Inventory in Basking Ridge remains tight, and buyers value its top-rated schools and picturesque neighborhoods. The market is still competitive, but success depends on pricing right and presenting homes beautifully — both hallmarks of Klug Realty Group’s local approach.

🏠 Bridgewater
Bridgewater’s mix of suburban convenience and community amenities continues to appeal to families and professionals. Median home prices hover around $665K, and properties in good condition are moving steadily. Our team at Klug Realty Group has helped numerous Bridgewater clients price strategically and negotiate strong offers in this active market.

🌲 Warren
Known for luxury homes and scenic properties, Warren Township remains one of Somerset County’s premier addresses. The high-end market here has stabilized, making it a smart time for both buyers and sellers to make moves. Klug Realty Group’s expertise in Warren’s upper-tier market ensures sellers attract serious, qualified buyers and achieve optimal results.

4. Market Drivers Right Now

• Mortgage rates remain in the 6–7% range, influencing buyer affordability.

• Limited inventory continues to support steady pricing.

• Local appeal — strong schools, great commuting options, and vibrant communities — keeps demand resilient.

Klug Realty Group monitors these trends daily to help clients make confident, well-timed decisions whether buying, selling, or investing.

5. Tips for Today’s Buyers & Sellers

For Buyers:

• Be ready with pre-approval — quality homes still sell quickly.

• Focus on long-term value and lifestyle fit.

• Let Klug Realty Group help you identify opportunities early and negotiate strategically.

For Sellers:

• Price right from day one — overpricing leads to stale listings.

• Invest in curb appeal and small upgrades that deliver ROI.

• Partner with Klug Realty Group to leverage professional staging, photography, and digital marketing that draws in serious buyers.

6. Looking Ahead

As we move further into the fall season, expect a slightly slower pace but continued buyer interest — especially from those looking to settle before the holidays.

The market in Bedminster, Basking Ridge, Bridgewater, and Warren remains strong and full of opportunity. Whether you’re preparing to list or exploring your next move, Klug Realty Group is here with the insight, experience, and local knowledge to guide you every step of the way.

🏠 Final Thoughts

October’s market is defined by steady growth, strong fundamentals, and informed buyers. The frenzy of 2021 may be behind us, but opportunity still abounds for those who approach the market strategically.

If you’re thinking about buying or selling in Somerset County, let Klug Realty Group be your local guide. Our team combines real-time data with deep community roots to deliver results that move you forward — confidently and successfully.

📞 Ready to make your next move?
Contact Klug Realty Group today to schedule your personalized market consultation.