Photo: Lithium6ion · Public domain117 homes sold in Franklin Lakes in the last year, at a typical $1.8M
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Franklin Lakes homes are listed.
Every place Franklin Lakes homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Franklin Lakes.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 94% of Franklin Lakes’ sales, at a typical $1.8M (year to May 2026)
117 homes sold in the year to September 2026.
typical sale · 101 sold in the year to May 2026
- Per square foot
- $445NJ $331
- Days to sell
- 102
- Sold over asking
- 37%
- Listings with a price cut
- 7%
Townhouses: 5 sold, typical $1.9M
Condos: 1 sold, typical $929K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.8 times the 2016 price
117 sales in the last year, against 186 in 2021 and a low of 78 in 2024. The typical sale went from $1M in 2016 to $1.8M.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $1.9M buys in Franklin Lakes
Check a listing against what Franklin Lakes homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Franklin Lakes are more common than before the pandemic, but two thirds fewer homes come up for sale
We read every month of Franklin Lakes’ home sales since 2016 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 117 sales.
If you’re buying in Franklin Lakes
- Shop in March. It brings about 22 new listings a month, close to the busiest month, with fewer bidding wars (21% over asking).
- Bid near asking. Buyers paid 101.1% of the list price on average; 41% paid over.
- You’ll usually have time. Only 36% of homes go under contract within two weeks; the typical one takes 92 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 24 a month), but July is the most competitive: 30% of July sales close over asking. March and April offer nearly as much choice with fewer homes bid up (21%). February has the least competition (11%).
Averages for each calendar month, 2015 on.
Hotter than in 2021, and about like New Jersey as a whole
| Franklin Lakes now | 2017–19 | 2021 peak | NJ now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 41% | 15% | 23% | 44% |
| Gone within two weeksShare of homes under contract within 14 days | 36% | 12% | 12% | 30% |
| Price paid vs. askingAverage sale price ÷ list price | 101.1% | 96.2% | 98.3% | 100.9% |
| Days to sellMedian days from listing to contract | 92 | 179 | 144 | 46 |
41 homes for sale on a typical day
That’s 1.3 times the 2023 low (32), 68% fewer than in 2017–19 and well under 2018’s 151.
Franklin Lakes ranks 206th of 300 busy New Jersey markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Franklin Lakes is in the middle of the pack.
Source: Redfin Data Center, city figures, January 2016 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Five things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 6.
Best time to buySchools
The schools grade for Franklin Lakes, from test results, graduation and how much students grow.
Schools in Franklin LakesTypical commute
The average one-way trip to work for people who live in Franklin Lakes.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Oakland, Pines Lake and North Haledon sell for less a square foot
The busier markets within 25 miles of Franklin Lakes, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Franklin Lakes | 117 | $1.8M | $448 | 41% | 92 |
| Waldwick | 88 | $720K | $435 | 80% | 63 |
| Oakland | 80 | $798K | $398 | 60% | 54 |
| North Haledon | 68 | $773K | $360 | 59% | 70 |
| Allendale | 65 | $988K | $471 | 69% | 61 |
| Midland Park | 51 | $734K | $438 | 72% | 47 |
| Pines Lake | 23 | $912K | $354 | 53% | 53 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Franklin Lakes, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Franklin Lakes. People who follow the town see it, and so do people comparing Franklin Lakes with their own town. No commission, no listing fee.
Questions about buying a home in Franklin Lakes
What do homes sell for in Franklin Lakes, NJ?
117 homes sold in the year to September 2026 at a typical $1.8M, $448 a square foot.
Is Franklin Lakes a buyer’s or seller’s market?
A seller’s market: 40 homes were for sale in September 2026 and 13 sold, about 3.1 months of supply. Buyers paid 101.1% of asking on average.
When is the best time to buy in Franklin Lakes?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
Where can I see homes for sale in Franklin Lakes?
Zillow, Redfin, Realtor.com and Homes.com all carry Franklin Lakes’ MLS listings; the search links above open each one filtered to Franklin Lakes.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).