Franklin, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 105 transactions over the past year in Franklin. The median value for residential home transactions that occurred over the previous year is $407,539. The number of current listings in Franklin is 80, and the percentage of properties for sale in the city is 68.38%. Franklin, NJ currently has 37 properties in foreclosure, 3 bank owned properties, 2 properties headed for auction, and 80 properties for sale.
Franklin, NJ Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 07416 | $ 419,950 $ 275/sqft |
Housing Market Summary for Franklin, NJ
| Jun 2025 | June 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $407.5K | $339.5K | -16.68% |
| Median Sold Price | $384.4K | $339.5K | -11.68% |
| Homes For Sale | 10 | 61 | 510.00% |
| Homes Sold | 47 | 25 | -46.81% |
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, NJ
Browse Homes in Franklin, NJ
Franklin home values range from $90,500 to $1,679,311. The median estimated value of a home in Franklin is $407,539. The median list price of a home is 399,750, and the total count of properties in the city is 3,013.
- Pre-ForeclosurePre-foreclosure homes account for 1.06% of all residential properties in Franklin, NJ with 07416 containing 32 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Franklin, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $933,172 in 07416 to the lowest home value of $277,691 in 07416.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Franklin, NJ ranges from the highest value of $860,785 in 07416 to the lowest value of $251,404 in 07416. Bank owned homes and properties account for 0.10% of properties in Franklin, NJ. There is 1 zips within Franklin, NJ; 07416 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07416 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Franklin, NJ. Auction homes and other auction properties account for 0.07% of all properties in Franklin, NJ. There is 1 zips within Franklin, NJ; of that zips, the median estimated home value for homes going to auction ranges from $399,900 in 07416 to the lowest value of $399,900 in 07416.