Photo: Richard Arthur Norton (1958- ) at English Wikipedia · CC BY 2.5499 homes sold in Franklin Township in the last year, at a typical $536K
Redfin reports Franklin Township’s sales by ZIP code, so these figures are for ZIP 08873, which takes in Franklin Township and the area around it. 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 Township homes are listed.
Every place Franklin Township 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 Township.
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 98% of Franklin Township’s sales, at a typical $547K (year to May 2026)
499 homes sold in the year to September 2026.
typical sale · 493 sold in the year to May 2026
- Per square foot
- $322NJ $331
- Days to sell
- 29
- Sold over asking
- 57%
Condos: 2 sold, typical $495K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.9 times the 2016 price
499 sales in the last year, against 772 in 2021 and a low of 475 in 2024. The typical sale went from $282K in 2016 to $536K.
Source: Redfin Data Center, MLS sales; for ZIP 08873, which takes in Franklin Township and the area around it (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 $550K buys in Franklin Township
Check a listing against what Franklin Township 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 Township are more common than before the pandemic, but 61% fewer homes come up for sale
We read every month of home sales in ZIP 08873 since 2012 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, 499 sales.
If you’re buying in Franklin Township
- Shop in April. It brings about 64 new listings a month, close to the busiest month, with fewer bidding wars (38% over asking).
- Bid near asking. Buyers paid 101.2% of the list price on average; 53% paid over.
- You’ll usually have time. Only 28% of homes go under contract within two weeks; the typical one takes 30 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 71 a month), but August is the most competitive: 48% of August sales close over asking. April and May offer nearly as much choice with fewer homes bid up (38%). February has the least competition (34%) but only about 41 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and hotter than New Jersey
| Franklin Township now | 2017–19 | 2021 peak | NJ now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 53% | 25% | 70% | 44% |
| Gone within two weeksShare of homes under contract within 14 days | 28% | 5% | 2% | 30% |
| Price paid vs. askingAverage sale price ÷ list price | 101.2% | 98.4% | 102.8% | 100.9% |
| Days to sellMedian days from listing to contract | 30 | 86 | 64 | 46 |
88 homes for sale on a typical day
That’s 1.5 times the 2023 low (58), 61% fewer than in 2017–19 and well under 2015’s 286.
Source: Redfin Data Center, ZIP code tracker; for ZIP 08873, which takes in Franklin Township and the area around it (each month is a 3-month rolling window, its counts divided by 3), January 2012 to September 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Franklin Township home costs about $3,625 a month
Price: Franklin Township’s typical sale, last 12 months. Property tax at Franklin Township’s 1.9% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Franklin Township is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. January has the fewest, about 37.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $536K home, about $9,950 a year.
Taxes vs. neighborsSchools
The schools grade for Franklin Township, from test results, graduation and how much students grow.
Schools in Franklin TownshipTypical commute
The average one-way trip to work for people who live in Franklin Township.
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.
Franklin Park and Franklin Center sell for less a square foot
The busier markets within 25 miles of Franklin Township, 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 Township (ZIP 08873) | 499 | $536K | $325 | 53% | 30 |
| Somerset | 241 | $505K | $336 | 60% | 27 |
| Franklin Park | 110 | $424K | $304 | 59% | 36 |
| Franklin Center | 95 | $584K | $282 | 39% | 46 |
| Weston | 77 | $758K | $344 | 52% | 40 |
| Blackwells Mills | 63 | $941K | $365 | 64% | 20 |
| East Franklin | 49 | $488K | $333 | 54% | 40 |
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 Township, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Franklin Township. People who follow the town see it, and so do people comparing Franklin Township with their own town. No commission, no listing fee.
Questions about buying a home in Franklin Township
What do homes sell for in Franklin Township, NJ?
499 homes sold in the year to September 2026 at a typical $536K, $325 a square foot.
Is Franklin Township a buyer’s or seller’s market?
A seller’s market: 100 homes were for sale in September 2026 and 44 sold, about 2.3 months of supply. Buyers paid 101.2% of asking on average.
When is the best time to buy in Franklin Township?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Franklin Township?
About 1.9% of a home’s value a year. On a $536K home that’s near $9,950.
Where can I see homes for sale in Franklin Township?
Zillow, Redfin, Realtor.com and Homes.com all carry Franklin Township’s MLS listings; the search links above open each one filtered to Franklin Township.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 08873, which takes in Franklin Township and the area around it (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).