The Franklin Lakes housing market is somewhat competitive. The median sale price of a home in Franklin Lakes was $2.5M last month, up 82.0% since last year. The median sale price per square foot in Franklin Lakes is $424, up 3.3% since last year.
What is the housing market like in Franklin Lakes today?
In May 2025, Franklin Lakes home prices were up 82.0% compared to last year, selling for a median price of $2.5M.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$2,457,500
+82.0% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Franklin Lakes, NJ
$2,457,500
+82.0%
United States
To compare other locations to the Franklin Lakes and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Franklin Lakes's median sale price is 354% higher than the national average. Overall cost of living in Franklin Lakes is 20% higher than the national average. Learn which home features in Franklin Lakes add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
Work with the best agents in Franklin Lakes
Redfin agents are among the most experienced in the industry, so we know how to help you win in today's market.
How hot is the Franklin Lakes housing market?
Franklin Lakes is somewhat competitive. Homes sell in 66 days.
0
100
40
Somewhat Competitive
Redfin Compete Score™
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% below list price and go pending in around 66 days.
Hot homes
can sell for about 2% above list price and go pending in around 24 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
99.4%
-1.8 pt YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Franklin Lakes, NJ
99.4%
-1.8 pt
United States
Franklin Lakes Migration & Relocation Trends
In Feb '25 - Apr '25, 31% of Franklin Lakes homebuyers searched to move out of Franklin Lakes, while 69% looked to stay within the metropolitan area.
Where are people moving to Franklin Lakes from?
Across the nation, 3% of homebuyers searched to move into Franklin Lakes from outside metros.
Los Angeles homebuyers searched to move into Franklin Lakes more than any other metro followed by Vineyard Haven and Spokane.
Where are people from Franklin Lakes moving to?
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 Boston.
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.
View houses in Franklin Lakes that sold recently
Recently sold homes
SOLD JUL 2, 2025
3D WALKTHROUGH
$3,500,000 Last Sold Price
5 beds
7 baths
—sq ft
6 Shinnecock Trl, Franklin Lakes, NJ 07417
Christie's International Real Estate Group-Franklin Lakes Weichert Realtors, Fort Lee
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
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 - Moderate
16% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Franklin Lakes has a moderate risk of flooding. 422 properties in Franklin Lakes are likely to be
severely affected
by flooding over the next 30 years. This represents 16% of all properties in Franklin Lakes. Flood risk is increasing slower than the national average.
44% of properties are at risk of wildfire over the next 30 years
Fire Factor
Franklin Lakes has a moderate risk of wildfire. There are 1,782 properties in Franklin Lakes that have some risk of being affected by wildfire over the next 30 years. This represents 44% of all properties in Franklin Lakes.
60% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Franklin Lakes has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Franklin Lakes is most at risk from hurricanes. 2,453 properties in Franklin Lakes have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 78 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 84 mph.