Why Live in Franklin Lakes
Franklin Lakes, a residential neighborhood in northern New Jersey, is home to approximately 10,000 residents. Known for its quiet streets and expansive housing lots, the area features oversized homes that attract those seeking luxury properties with more land. The absence of highways running through Franklin Lakes contributes to its serene and tranquil atmosphere, with residents navigating the area via winding country roads. This unique feature enhances the neighborhood's appeal for those looking for a peaceful living environment away from the hustle and bustle of city life.
The neighborhood's layout and design emphasize spaciousness and privacy, with large properties providing ample space for residents. The homes in Franklin Lakes are predominantly large and luxurious, catering to those who desire upscale living. The community's commitment to maintaining a quiet and safe environment is evident, making it a desirable place for families and individuals alike.
Franklin Lakes combines luxury living with a tranquil environment, making it an attractive option for those seeking a high-quality residential experience in northern New Jersey.
Home Trends in Franklin Lakes, NJ
On average, homes in Franklin Lakes, NJ sell after 62 days on the market compared to the national average of 50 days. The median sale price for homes in Franklin Lakes, NJ over the last 12 months is $1,660,000, up 21% from the median home sale price over the previous 12 months.
Median Sale Price
$1,660,000
Median Single Family Sale Price
$1,850,000
Median Townhouse Sale Price
$1,737,500
Median 2 Bedroom Sale Price
$749,000
Average Price Per Sq Ft
$536
Number of Homes for Sale
43
Last 12 months Home Sales
130
Median List Price
$1,800,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
21%