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Featured local agent — Franklin, NJ
Sarah Mitchell
Compass Real Estate · Franklin, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Franklin, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$375,000median sale price
How is the Franklin, NJ housing market right now?
The median home sale price in Franklin, NJ is $375,000, down 3.8% year-over-year. Homes sell in an average of 17 days with 15 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Franklin a buyer's or seller's market?
Franklin, NJ is currently a seller's market, based on 3.8 months of supply and homes selling in about 17 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
17
Fast-moving
Active listings
15
3.8 months supply
Sale-to-list
103.4%
Above asking
What does the Franklin housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $375,000 |
| Median list price | $439,000 |
| Year-over-year price change | -3.8% |
| Average days on market | 17 days |
| Active inventory | 15 listings |
| Months of supply | 3.8 months |
| Sale-to-list price ratio | 103.4% |
| Median price per sq ft | $225/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 9 |
| Listings with a price cut | 6.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Franklin by property type?
How the Franklin, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $375,000 | $225/sq ft | 4 | 17 days |
| Townhouse | $275,000 | $241/sq ft | 1 | 71 days |
Source: Redfin · Updated monthly
The Franklin housing market is currently classified as a seller's market with a median sale price of $375,000. Prices have fallen 3.8% compared to last year, with homes spending an average of 17 days on market, indicating 3.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.3x provides context for how home values compare to local earning capacity.
Homes for sale in Franklin
There are currently 15 homes listed for sale in Franklin, New Jersey. The median listing price is $439K.
Active listings
15
Homes on market
Median list price
$439K
Avg. days on market
17
Days until sale
New this week
9
Newly listed
Who lives in Franklin?
Population
4,938
Median income
$90,152/yr
Median age
51.6 years
Owner-occupied
57.0%
College grads
19.5%
Avg commute
35.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Franklin?
Zillow home value
$388,983
Price-to-income
4.3x
Source: Zillow Research
What is it like to live in Franklin?
Franklin is a community of approximately 5K residents with a median age of 51.6 years.The median household income is $90,152, which reflects a relatively affluent area with strong earning potential. 19.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 57.0%, showing a blend of owner and renter-occupied properties. The average commute time is 35.3 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Franklin offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Franklin?
2 schools tracked · 823 students
The largest public schools serving Franklin, NJ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Franklin Borough School
Grades PK-8 · 502 students
Hardyston Township Elementary School
Grades PK-4 · 321 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Franklin, NJ?
Want a head-to-head view? Compare Franklin side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Franklin?
The median home sale price in Franklin is $375,000, down 3.8% from last year.
How long do homes stay on market in Franklin?
Homes typically spend 17 days on market before going under contract.
What is the median income in Franklin?
The median household income is $90,152 per year.
Is Franklin a buyer's or seller's market?
With 3.8 months of supply, Franklin is currently a seller's market.
What is the Zillow home value estimate for Franklin?
The Zillow Home Value Index (ZHVI) for Franklin is $388,983, representing the typical home value in the area.
How much does a single-family home cost in Franklin?
The median single-family home price in Franklin, NJ is $375,000 (about $225 per square foot).
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