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5 Bedroom Homes for Sale in Franklin Lakes, NJ

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Franklin Lakes, NJ Housing Market Overview

Franklin Lakes's housing market currently favors buyers. This gives buyers the upper hand in negotiations. With a 5.4-month supply of homes and an average of 204 days on the market, buyers have plenty of time to choose and significant bargaining power.

Status

Buyer's Market

Days on Market

204

Inventory

15

Jul 2021Mar 2024Mar 2026

Median Home Price

$3,000,000Up 0.14%

In Mar 2026 · YoY

Jul 2021Mar 2024Mar 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Supply

Homes For Sale
15 Up 0.03%
Newly Listed Homes
14 Down 0.00%
Months of Supply
5.4 Down 3.90%

Demand

Homes Sold
7 Down 0.00%
Sale-to-List Ratio
96.9% Down 2.42%
Homes Sold Above List
28.6% Down 21.43%

30-yr fixed rate 6.23% · Data as of Mar 2026 · Source: Houzeo Research.

View Full Franklin Lakes Market Report
  • mls-img
    These properties were listed and sold by various Participants of the NJMLS based on information from the New Jersey Multiple Listing Service, Inc through Aug 30, 2026, 11:45 PM. The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Your Town Realty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. Information being provided is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

    All information deemed reliable but not guaranteed accurate by the MLS. Last date updated: Aug 30, 2026, 11:45 PM.

    Source: New Jersey Multiple Listing Service, Inc.

    © 2025 New Jersey Multiple Listing Service, Inc. All rights reserved.

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Franklin Lakes, NJ Housing Marketlink qauare
Homes Available icon

15

Homes Available

Median List Price icon

$ 3,000,000

Median List Price

Avg on Market icon

204 Days

Avg on Market

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