Franklin Lakes, NJ Housing Market
The Franklin Lakes housing market is somewhat competitive. The median sale price of a home in Franklin Lakes was $1.2M last month, down 8.6% since last year. The median sale price per square foot in Franklin Lakes is $406, up 23.0% since last year.
Franklin Lakes Housing Market Trends
In April 2024, Franklin Lakes home prices were down 8.6% compared to last year, selling for a median price of $1.2M.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Franklin Lakes housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
- Some homes get multiple offers.
- The average homes sell for about 2% above list price and go pending in around 71 days.
- Hot homescan sell for about 9% above list price and go pending in around 34 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
- Some homes get multiple offers.
- The average homes sell for about 5% above list price and go pending in around 55 days.
- Hot homescan sell for about 10% above list price and go pending in around 20 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
- Some homes get multiple offers.
- The average homes sell for about 8% above list price and go pending in around 44 days.
- Hot homescan sell for about 14% above list price and go pending in around 13 days.
Franklin Lakes Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Franklin Lakes from outside metros.
- Peoria homebuyers searched to move into Franklin Lakes more than any other metro followed by Walla Walla and Lincoln.
- 69% of Franklin Lakes homebuyers searched to stay within the Franklin Lakes metropolitan area.
- Miami was the most popular destination among Franklin Lakes homebuyers followed by Philadelphia and Washington.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 5 | ||
2 | 5 | ||
3 | 3 | ||
4 | 1 | ||
5 | 1 | ||
6 | 1 | ||
7 | 0 | ||
8 | 0 | ||
9 | 0 | ||
10 | 0 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 6,427 | ||
2 | 4,068 | ||
3 | 3,393 | ||
4 | 3,037 | ||
5 | 2,791 | ||
6 | 2,083 | ||
7 | 1,825 | ||
8 | 1,664 | ||
9 | 1,615 | ||
10 | 1,436 |
Home offer insights for Franklin Lakes
Recent offers
View houses in Franklin Lakes that sold recently
Recently sold homes
- $2,100,000 Last Sold Price5 beds4.5 baths—sq ft723 Arnold Dr, Franklin Lakes, NJ 07417RE/MAX SELECT - Fort Lee Christie's International Real Estate Group-Franklin LakesList Price$1,845,000Sale to List14% over listDays on Market72 days723 Arnold Dr, Franklin Lakes, NJ 07417
- $970,000 Last Sold Price4 beds2.5 baths—sq ft1075 High Mountain Rd, Franklin Lakes, NJ 07417Prominent Properties Sotheby's International Realty-Ridgewood EXIT Solgar RealtyList Price$959,000Sale to List1% over listDays on Market56 days1075 High Mountain Rd, Franklin Lakes, NJ 07417
- $2,625,000 Last Sold Price5 beds4.5 baths—sq ft865 Apache Rd, Franklin Lakes, NJ 07417Compass New Jersey, LLC-Ridgewood Coldwell Banker, Wyckoff/Franklin LakesList Price$2,475,000Sale to List6% over listDays on Market85 days865 Apache Rd, Franklin Lakes, NJ 07417
- $1,700,000 Last Sold Price4 beds3 baths—sq ft995 Dogwood Trl, Franklin Lakes, NJ 07417Christie's International Real Estate Group-Franklin Lakes Coldwell Banker, Fort LeeList Price$1,695,000Sale to List0% over listDays on Market71 days995 Dogwood Trl, Franklin Lakes, NJ 07417
- $1,450,000 Last Sold Price5 beds3.5 baths—sq ft995 High Mountain Rd, Franklin Lakes, NJ 07417Keller Williams Village Square Realty - Wyckoff Christie's International Real Estate Group-AllendaleList Price$1,200,000Sale to List21% over listDays on Market56 days995 High Mountain Rd, Franklin Lakes, NJ 07417
- $1,275,000 Last Sold Price5 beds3 baths—sq ft388 Freemans Ln, Franklin Lakes, NJ 07417DeFino & Company DeFino & CompanyList Price$1,249,000Sale to List2% over listDays on Market69 days388 Freemans Ln, Franklin Lakes, NJ 07417
- $1,350,000 Last Sold Price5 beds5.5 baths—sq ft352 Briarly Dr, Franklin Lakes, NJ 07417Keller Williams Village Square Realty Keller Williams Village Square RealtyList Price$1,325,000Sale to List2% over listDays on Market51 days352 Briarly Dr, Franklin Lakes, NJ 07417
- $1,450,000 Last Sold Price5 beds3.5 baths—sq ft991 Valley Rd, Franklin Lakes, NJ 07417Compass New Jersey, LLC-Ridgewood Realty One Group LegendList Price$1,299,000Sale to List12% over listDays on Market59 days991 Valley Rd, Franklin Lakes, NJ 07417
See all recently sold homes in Franklin Lakes.
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Schools in Franklin Lakes
- Elementary
- Middle
- High
GreatSchools Rating
9/10 Manito Elementary School Public • K-5 | 276 Students | 11 reviews |
8/10 Colonial Road School Public • PreK-5 | 238 Students | 2 reviews |
7/10 Sicomac Elementary School Public • PreK-5 | 297 Students | N/A |
7/10 George Washington Elementary School Public • K-5 | 346 Students | 1 reviews |
6/10 Heights Elementary School Public • PreK-5 | 359 Students | 3 reviews |
Climate's impact on Franklin Lakes housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Franklin Lakes.
Flood Factor - Major
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Major
Wind Factor
Wind likelihood over time
Heat Factor - Major
Heat Factor
Transportation in Franklin Lakes
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