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FRANKLIN, NJ 07416

Real Estate Market Report  ·  Sussex County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The FRANKLIN, NJ real estate market (07416) currently shows 15 active listings, with 6 pending sales. Homes are averaging 57 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 57 days on market compared to 50 days last year.

The median listing price has fallen 6.6% year-over-year, from $394,900 to $368,675.

Whether you are buying or selling in FRANKLIN, NJ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 5,736  ·  Density: 182.1/mi²  ·  Median household income: $88,557

Typical home value: $235,413  ·  Homeownership: 63.5%

Market Overview

Active Listings
15
⇩ 21.1% vs 19 last year
Pending
6
40% pending ratio
Median Price
$368,675
⇩ 6.6% vs $394,900 last year
Average Price
$440,838
⇧ 6.8% vs $412,679 last year
Days on Market
57
⇧ 14% vs 50 days last year

Price Per Square Foot

Median $/sqft
$186
⇩ 15.5% vs $220/sqft last year
Median Home Size
3,300 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 15 this year vs 19 last year
  • Days on market: 57 now vs 50 last year

Median & Average Pricing

Year over Year
  • Median: $368,675 (-6.6% YoY)
  • Average: $440,838 (+6.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 13.4 miles — 387 listings ($199,218,547 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07416Franklin, NJ 074160.0 mi13$6,109,532$349,900$469,964
07419Hamburg, NJ 074193.2 mi51$25,801,614$450,725$505,914
07848Lafayette, NJ 078484.9 mi6$3,064,674$510,500$510,779
07822Augusta, NJ 078226.4 mi1$845,000$845,000$845,000
07462Vernon, NJ 074628.1 mi82$25,499,458$289,930$310,969
07422Highland Lakes, NJ 074229.1 mi23$10,397,679$385,999$452,073
07849Lake Hopatcong, NJ 078499.8 mi28$20,125,168$734,225$718,756
07480West Milford, NJ 0748011.1 mi49$23,399,117$407,450$477,533
07866Rockaway, NJ 0786612.0 mi52$26,262,600$523,450$505,050
07843Hopatcong, NJ 0784312.2 mi39$24,300,003$509,675$623,077
07801Dover, NJ 0780112.4 mi19$9,276,389$448,225$488,231
07821Andover, NJ 0782113.0 mi23$23,902,313$699,000$1,039,231
10988Unionville, NY 1098813.4 mi1$235,000$235,000$235,000

Frequently Asked Questions

How many homes are for sale in FRANKLIN, NJ 07416?

As of March 2026, there are 15 active listings in FRANKLIN, NJ (zip code 07416), compared to 19 the prior year.

What is the median home price in FRANKLIN, NJ 07416?

The median listing price in FRANKLIN, NJ 07416 is $368,675 as of March 2026, a 6.6% decrease from $394,900 the prior year.

How long do homes stay on the market in FRANKLIN, NJ?

Homes in FRANKLIN, NJ 07416 spend an average of 57 days on the market before going under contract, compared to 50 days the prior year.

Is it a seller's or buyer's market in FRANKLIN, NJ 07416?

Based on current inventory and days-on-market data as of March 2026, FRANKLIN, NJ 07416 is currently a Balanced Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 57 days on market compared to 50 days last year.

How much can I save on real estate commission in FRANKLIN, NJ?

With SELL123.com's maximum 3% commission, sellers in FRANKLIN, NJ 07416 save an estimated $7,374 compared to a typical 5% commission on the median listing price of $368,675. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.