Franklin Lakes Real Estate Market

Franklin Lakes Market

The median sale price for homes in Franklin Lakes over the last 12 months is $820,000.


The median mortgage debt is $339,138.

Additional Statistics for Single Family Homes and Condos in Franklin Lakes, NJ
$1,179,390
Median Listing Price
84
Median Days on Market
181
Active Listings
2.8%
Distressed Listings
(foreclosures and short sales)
Franklin Lakes, NJ Price Trends - Sold vs. Listed
The median list price in May for single family homes in Franklin Lakes is $1,185,000. The list prices dropped by -1.16% from the previous month.

The price per square foot for listings in this area is $274.

The median sale price in December for single family homes is $665,000. The sale prices dropped by -19.63% from the previous month.

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Franklin Lakes, NJ Market Inventory Trends

The number of active listings in Franklin Lakes increased by 2.9% from the previous month.

The median number of days active properties have been listed is 85.

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Franklin Lakes, NJ Property Ownership

The percent of unoccupied properties is very low in Franklin Lakes. It is -10.65% below the national average.

The percent of owner occupied properties in Franklin Lakes is 27.85% above the national average.

The percent of rental properties in Franklin Lakes is 14.39% below the national average.

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Neighborhood and valuation information provided by Onboard Informatics ©2012 Onboard informatics. Information deemed reliable but not guaranteed.