Is Franklin, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Franklin was a Seller's Market.
Housing Prices in Franklin, NJ
How much do homes in Franklin, NJ cost?
Median Sold Price
$315,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Franklin was $315,000 in March 2024, up 20.2% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $238.4K | $272.5K | +14.3% |
3 Bedrooms | $280K | $295K | +5.4% |
4 Bedrooms | $380K | $439.9K | +15.8% |
5+ Bedrooms | $505K | $535K | +5.9% |
Summary: Franklin housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Cities
Franklin | $262K | $315K | +20.2% |
Hardyston Township | $340K | $380K | +11.8% |
Hamburg | $315K | $340K | +7.9% |
Stockholm | $358.9K | $365K | +1.7% |
Housing Supply in Franklin, NJ
How many homes are available in Franklin, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 28 | +27.3% |
Summary: The Franklin real estate market had 28 homes for sale in March 2024, a 27.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 8 | 10 | +25.0% |
4 Bedrooms | 8 | 12 | +50.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Franklin housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Franklin in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Franklin, NJ
We’re sorry, we don't have information for this market at the moment