All Home Types
Franklin Lakes, NJ Housing Market
What is the housing market like in Franklin Lakes today?
In October 2024, Franklin Lakes home prices were down 2.0% compared to last year, selling for a median price of $1.8M.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,800,000
-2.0% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Franklin Lakes, NJ
$1,800,000
-2.0%
United States
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Franklin Lakes Migration & Relocation Trends
In Sep '24 - Nov '24, 29% of Franklin Lakes homebuyers searched to move out of Franklin Lakes, while 71% looked to stay within the metropolitan area.
- Across the nation, 3% of homebuyers searched to move into Franklin Lakes from outside metros.
- San Francisco homebuyers searched to move into Franklin Lakes more than any other metro followed by Seattle and Gainesville.
Where are people moving to Franklin Lakes from?
- 71% 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 Boston and Philadelphia.
Where are people from Franklin Lakes moving to?
Number of People Moving to Franklin Lakes
least
most
People are moving to Franklin Lakes 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 Lakes 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 Lakes.
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