All Home Types
Franklin, NJ Housing Market
What is the housing market like in Franklin today?
In October 2024, Franklin home prices were up 42.4% compared to last year, selling for a median price of $402K. On average, homes in Franklin sell after 13 days on the market compared to 21 days last year. There were 4 homes sold in October this year, down from 9 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$401,500
+42.4% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Franklin, NJ
$401,500
+42.4%
United States
Franklin Migration & Relocation Trends
In Sep '24 - Nov '24, 29% of Franklin homebuyers searched to move out of Franklin, while 71% looked to stay within the metropolitan area.
- Across the nation, 3% of homebuyers searched to move into Franklin from outside metros.
- San Francisco homebuyers searched to move into Franklin more than any other metro followed by Seattle and Gainesville.
Where are people moving to Franklin from?
- 71% of Franklin homebuyers searched to stay within the Franklin metropolitan area.
- Miami was the most popular destination among Franklin homebuyers followed by Boston and Philadelphia.
Where are people from Franklin moving to?
Number of People Moving to Franklin
least
most
People are moving to Franklin from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 179 | ||
| 2 | 44 | ||
| 3 | 35 | ||
| 4 | 10 | ||
| 5 | 8 | ||
| 6 | 4 | ||
| 7 | 4 | ||
| 8 | 3 | ||
| 9 | 3 | ||
| 10 | 3 | ||
People are leaving Franklin for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 4,605 | ||
| 2 | 4,152 | ||
| 3 | 4,074 | ||
| 4 | 2,027 | ||
| 5 | 2,017 | ||
| 6 | 1,999 | ||
| 7 | 1,885 | ||
| 8 | 1,678 | ||
| 9 | 1,287 | ||
| 10 | 1,265 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Franklin.
Provided by First Street Foundation
About us
Find us
Subsidiaries
United States
CanadaCopyright: © 2024 Redfin. All rights reserved.
Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.
Do not sell or share my personal information.
REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.
California DRE #01521930
Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures
New Mexico Real Estate Licenses
TREC: Info About Brokerage Services, Consumer Protection Notice
If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.
REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.