Franklin Lakes, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 120 transactions over the past year in Franklin Lakes. The median value for residential home transactions that occurred over the previous year is $1,384,937.5. The number of current listings in Franklin Lakes is 156, and the percentage of properties for sale in the city is 86.67%. Franklin Lakes, NJ currently has 24 properties in foreclosure, 0 bank owned properties, 3 properties headed for auction, and 156 properties for sale.
Franklin Lakes, NJ Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 07417 | $ 1,496,000 $ 411/sqft |
Housing Market Summary for Franklin Lakes, NJ
| Mar 2025 | March 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $2.7M | $1.5M | -45.02% |
| Median Sold Price | $1.3M | $1.5M | 15.04% |
| Homes For Sale | 28 | 149 | 432.14% |
| Homes Sold | 49 | 39 | -20.41% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Franklin Lakes, NJ
Browse Homes in Franklin Lakes, NJ
Franklin Lakes home values range from $268,100 to $2,283,000. The median estimated value of a home in Franklin Lakes is $1,384,937.5. The median list price of a home is 1,999,900, and the total count of properties in the city is 3,745.
- Pre-ForeclosurePre-foreclosure homes account for 0.56% of all residential properties in Franklin Lakes, NJ with 07417 containing 21 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Franklin Lakes, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $2,216,000 in 07417 to the lowest home value of $629,800 in 07417.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Franklin Lakes, NJ ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Franklin Lakes, NJ. There is 1 zips within Franklin Lakes, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07417 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Franklin Lakes, NJ. Auction homes and other auction properties account for 0.08% of all properties in Franklin Lakes, NJ. There is 1 zips within Franklin Lakes, NJ; of that zips, the median estimated home value for homes going to auction ranges from $823,900 in 07417 to the lowest value of $415,000 in 07417.