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Featured local agent — Franklin Park, NJ
Sarah Mitchell
Compass Real Estate · Franklin Park, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Franklin Park, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$457,777median sale price
How is the Franklin Park, NJ housing market right now?
The median home sale price in Franklin Park, NJ is $457,777, up 27.2% year-over-year. Homes sell in an average of 129 days with 31 active listings. The market is currently a leaning buyer's. (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 Park a buyer's or seller's market?
Franklin Park, NJ is currently a leaning buyer's, based on 10.3 months of supply and homes selling in about 129 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
129
Average pace
Active listings
31
10.3 months supply
Sale-to-list
103.5%
Above asking
What does the Franklin Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $457,777 |
| Median list price | $460,450 |
| Year-over-year price change | +27.2% |
| Average days on market | 129 days |
| Active inventory | 31 listings |
| Months of supply | 10.3 months |
| Sale-to-list price ratio | 103.5% |
| Median price per sq ft | $300/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 18 |
| Listings with a price cut | 19.4% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Franklin Park by property type?
How the Franklin Park, 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 | $432,889 | — | 2 | 129 days |
| Condo / Co-op | $380,000 | $314/sq ft | 1 | 48 days |
| Townhouse | $457,777 | $300/sq ft | 1 | 129 days |
Source: Redfin · Updated monthly
The Franklin Park housing market is currently classified as a leaning buyer's with a median sale price of $457,777. Prices have risen 27.2% compared to last year, with homes spending an average of 129 days on market, indicating 10.3 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 3.8x provides context for how home values compare to local earning capacity.
Homes for sale in Franklin Park
There are currently 31 homes listed for sale in Franklin Park, New Jersey. The median listing price is $460K.
Active listings
31
Homes on market
Median list price
$460K
Avg. days on market
129
Days until sale
New this week
18
Newly listed
Who lives in Franklin Park?
Population
13,327
Median income
$111,508/yr
Median age
38.4 years
Owner-occupied
56.6%
College grads
58.3%
Avg commute
33.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Franklin Park?
Zillow home value
$420,498
Price-to-income
3.8x
Source: Zillow Research
What is it like to live in Franklin Park?
Franklin Park is a community of approximately 13K residents with a median age of 38.4 years.The median household income is $111,508, which reflects a relatively affluent area with strong earning potential. 58.3% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 56.6%, showing a blend of owner and renter-occupied properties. The average commute time is 33.1 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Franklin Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Franklin Park?
2 schools tracked · 1,301 students
The largest public schools serving Franklin Park, 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.
Claremont Elementary School
Grades PK-5 · 666 students
Franklin Park School
Grades PK-5 · 635 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 Park, NJ?
Want a head-to-head view? Compare Franklin Park 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 Park?
The median home sale price in Franklin Park is $457,777, up 27.2% from last year.
How long do homes stay on market in Franklin Park?
Homes typically spend 129 days on market before going under contract.
What is the median income in Franklin Park?
The median household income is $111,508 per year.
Is Franklin Park a buyer's or seller's market?
With 10.3 months of supply, Franklin Park is currently a leaning buyer's.
What is the Zillow home value estimate for Franklin Park?
The Zillow Home Value Index (ZHVI) for Franklin Park is $420,498, representing the typical home value in the area.
What is the median condo price in Franklin Park?
The median condo/co-op sale price in Franklin Park, NJ is $380,000, compared to $432,889 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Franklin Park?
The median single-family home price in Franklin Park, NJ is $432,889.
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