Franklin Lakes, NJ
Housing market overview · Updated weekly
$2.15Mmedian sale price
Homes sold
9
Last 12 weeks
Days on market
90
Average pace
Active listings
35
3.9 months supply
Sale-to-list
102.0%
Above asking
The Franklin Lakes housing market is currently classified as a balanced market with a median sale price of $2.15M. Prices have risen 8.9% compared to last year, with homes spending an average of 90 days on market, indicating 3.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Franklin Lakes
There are currently 35 homes listed for sale in Franklin Lakes, New Jersey. The median listing price is $2.1M.
Active listings
35
Homes on market
Median list price
$2.1M
Avg. days on market
90
Days until sale
New this week
5
Newly listed
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Frequently asked questions
What is the average home price in Franklin Lakes?
The median home sale price in Franklin Lakes is $2.15M, up 8.9% from last year.
How long do homes stay on market in Franklin Lakes?
Homes typically spend 90 days on market before going under contract.
Is Franklin Lakes a buyer's or seller's market?
With 3.9 months of supply, Franklin Lakes is currently a balanced market.
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