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FRANKLIN LAKES, NJ 07417

Real Estate Market Report  ·  Bergen County
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The FRANKLIN LAKES, NJ real estate market (07417) currently shows 32 active listings, with 3 pending sales. Homes are averaging 51 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 51 days on market compared to 68 days last year.

The median listing price has fallen 14.2% year-over-year, from $3,344,000 to $2,870,000.

Whether you are buying or selling in FRANKLIN LAKES, 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: 11,010  ·  Density: 451.2/mi²  ·  Median household income: $204,833

Typical home value: $1,139,240  ·  Homeownership: 88.0%

Market Overview

Active Listings
32
⇩ 15.8% vs 38 last year
Pending
3
9% pending ratio
Median Price
$2,870,000
⇩ 14.2% vs $3,344,000 last year
Average Price
$2,921,961
⇩ 14.7% vs $3,426,147 last year
Days on Market
51
⇩ 25% vs 68 days last year

Price Per Square Foot

Median $/sqft
$493
⇧ 24.5% vs $396/sqft last year
Median Home Size
6,999 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 32 this year vs 38 last year
  • Days on market: 51 now vs 68 last year

Median & Average Pricing

Year over Year
  • Median: $2,870,000 (-14.2% YoY)
  • Average: $2,921,961 (-14.7% 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 6.5 miles — 213 listings ($273,451,586 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07417Franklin Lakes, NJ 074170.0 mi28$87,195,360$2,990,000$3,114,120
07436Oakland, NJ 074362.3 mi18$14,751,684$669,500$819,538
07508Haledon, NJ 075083.9 mi25$19,179,650$650,000$767,186
07401Allendale, NJ 074014.3 mi6$4,996,800$799,750$832,800
07506Hawthorne, NJ 075064.4 mi20$13,678,800$632,499$683,940
07446Ramsey, NJ 074464.8 mi10$8,691,000$907,225$869,100
07430Mahwah, NJ 074305.2 mi32$70,146,112$663,000$2,192,066
07452Glen Rock, NJ 074525.5 mi15$23,779,875$1,674,500$1,585,325
07457Riverdale, NJ 074575.5 mi8$3,579,000$455,000$447,375
07444Pompton Plains, NJ 074445.9 mi14$8,323,224$419,925$594,516
07522Paterson, NJ 075226.0 mi7$2,431,044$298,500$347,292
07502Paterson, NJ 075026.2 mi13$7,565,753$565,000$581,981
07403Bloomingdale, NJ 074036.5 mi17$9,133,284$489,675$537,252

Frequently Asked Questions

How many homes are for sale in FRANKLIN LAKES, NJ 07417?

As of March 2026, there are 32 active listings in FRANKLIN LAKES, NJ (zip code 07417), compared to 38 the prior year.

What is the median home price in FRANKLIN LAKES, NJ 07417?

The median listing price in FRANKLIN LAKES, NJ 07417 is $2,870,000 as of March 2026, a 14.2% decrease from $3,344,000 the prior year.

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

Homes in FRANKLIN LAKES, NJ 07417 spend an average of 51 days on the market before going under contract, compared to 68 days the prior year.

Is it a seller's or buyer's market in FRANKLIN LAKES, NJ 07417?

Based on current inventory and days-on-market data as of March 2026, FRANKLIN LAKES, NJ 07417 is currently a Seller's Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 51 days on market compared to 68 days last year.

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

With SELL123.com's maximum 3% commission, sellers in FRANKLIN LAKES, NJ 07417 save an estimated $57,400 compared to a typical 5% commission on the median listing price of $2,870,000. 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.