Franklin Lakes, NJ Home Values & Market Trends

Real estate market trends reflect that there have been 147 transactions over the past year in Franklin Lakes. The median value for residential home transactions that occurred over the previous year is $1,153,037.88. The number of current listings in Franklin Lakes is 8, and the percentage of properties for sale in the city is 8.00%. Franklin Lakes, NJ currently has 32 properties in foreclosure, 0 bank owned properties, 2 properties headed for auction, and 8 properties for sale.

Franklin Lakes, NJ Real Estate Market Overview

ZipMedian Est. Value
07417

$ 1,120,000

$ 367/sqft

Housing Market Summary for Franklin Lakes, NJ

Mar 2023February 2024Change
Median Listing Price$1.3M$1.2M-5.82%
Median Sold Price$1.1M$1.2M14.93%
Homes For Sale107-30.00%
Homes Sold10065-35.00%
Price
$/Sqft
Homes For Sale
0
0

Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

0
0

Browse Homes in Franklin Lakes, NJ

Franklin Lakes home values range from $232,200 to $1,885,000. The median estimated value of a home in Franklin Lakes is $1,153,037.88. The median list price of a home is 1,287,000, and the total count of properties in the city is 3,718.

Foreclosure
There is 1 zips within Franklin Lakes, NJ; within this zips, the median estimated home value for homes in foreclosure ranges from $1,848,000 in 07417 to the lowest value of $390,200 in 07417. Foreclosure homes account for 0.00% of properties in Franklin Lakes, NJ with 07417 containing 32 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.81% of all residential properties in Franklin Lakes, NJ with 07417 containing 30 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Franklin Lakes, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,848,000 in 07417 to the lowest home value of $390,200 in 07417.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Franklin Lakes, NJ ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Franklin Lakes, NJ. There is 1 zips within Franklin Lakes, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    07417 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Franklin Lakes, NJ. Auction homes and other auction properties account for 0.05% of all properties in Franklin Lakes, NJ. There is 1 zips within Franklin Lakes, NJ; of that zips, the median estimated home value for homes going to auction ranges from $1,799,000 in 07417 to the lowest value of $1,280,000 in 07417.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.22% of residential properties in Franklin Lakes, NJ with 07417 containing 8 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Franklin Lakes, NJ; homes for sale in that zips, have a range of median values from $1,780,000 in 07417 to the lowest value of $390,200 in 07417.
    Sold Homes
    The median value for recently sold homes ranges from $1,824,000 in 07417 to the lowest price of $543,800 in 07417. There is 1 zips within Franklin Lakes, NJ. 07417 has 58 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.56% of properties in Franklin Lakes, NJ.

      Compare Nearby Cities

      Price
      $/Sqft
      Homes For Sale
      0
      0
      Franklin Lakes, NJ
      $
      $

      Guide for Franklin Lakes, NJ

      Market Reports
      Newark Real Estate Market Report, March 2024
      Market Reports
      Jersey City Real Estate Thrives with Robust Demand and Strong Growth in February 2024
      Home Buying Financing
      How To Get House Mortgage With Low Credit Score
      Wholesale
      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      See More Articles
      Newark Real Estate Market Report, March 2024
      Market Reports|posted 22 March 2024

      The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.

      Jersey City Real Estate Thrives with Robust Demand and Strong Growth in February 2024
      Market Reports|posted 18 March 2024

      The Jersey City real estate market continues to show robust growth with prices rising to an average of $595,000 per property and $394 per square foot in February 2024.

      How To Get House Mortgage With Low Credit Score
      Home Buying Financing|posted 22 March 2024

      Learn how to secure a house mortgage even with a low credit score.

      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      Wholesale|posted 20 March 2024

      Explore the legal pitfalls to avoid when dealing with pre-foreclosure sellers. Learn how to navigate the complex process safely and protect yourself from costly mistakes and legal complications.