$10,000 Closing Credit*
$2,195,000
4 Beds
•4 Full Baths, 1 Partial
Maxwell Stokes, Listing Office: Compass New Jersey, LLC-Ridgewood
Housing Prices in Franklin Lakes, NJ
How much do homes in Franklin Lakes, NJ cost?
Median List Price
$1,799,000
$363/sqft
Based on all homes listed in the last 12 months.
Difference Since September 2023
+$674,000(+59.9%)
Key Takeaway
The list price of homes in Franklin Lakes has increased by 59.9% since last year.
Summary: The median home list price in Franklin Lakes was $1,799,000 in September 2024, up 59.9% from the previous year, and the median price per square foot was $363.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | - | N/A |
| 2 Bedrooms | - | $642.5K | N/A |
| 3 Bedrooms | $834.9K | $874.5K | +4.7% |
| 4 Bedrooms | $1.0M | $1.1M | +5.3% |
| 5+ Bedrooms | $1.7M | $2.7M | +54.9% |
Summary: Franklin Lakes housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 54.9%.
Median List Price Compared To Nearby Cities
| Franklin Lakes | $1.1M | $1.7M | +59.9% |
| Mahwah Township | $587K | $675K | +15.0% |
| Oakland | $599.4K | $644.4K | +7.5% |
| Wyckoff | $889K | $899.9K | +1.2% |
| Wyckoff Township | $889K | $899.9K | +1.2% |
Housing Supply in Franklin Lakes, NJ
How many homes are available in Franklin Lakes, NJ?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 43 | 54 | +25.6% |
Summary: The Franklin Lakes real estate market had 54 homes for sale in September 2024, a 25.6% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 5 | +150.0% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 30 | 37 | +23.3% |
Summary: The Franklin Lakes housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 150%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 23.3%.
Days on Market for Franklin Lakes, NJ
How long does it take to sell a home in Franklin Lakes, NJ?
Average Listing Age
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 127 Days | 99 Days | -21.8% |
Summary: Homes in Franklin Lakes had an average listing age of 99 days in Sep 2024, down by 21.8% compared to the previous year.
