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Short Sale Listings in Franklin Lakes, NJ

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Franklin Lakes, NJ Foreclosures

How much do homes sell for in Franklin Lakes, NJ?
The average home price is currently $1,617,399.
In Franklin Lakes, NJ, how many homes are available?
There are currently 2 active home listings available in Franklin Lakes.
What’s the average rental cost in Franklin Lakes, NJ?
The average rental price in Franklin Lakes is $3,728.
What is the most expensive home in Franklin Lakes?
The most expensive home sold in Franklin Lakes had a price of $13,530,267.
What is currently the cheapest priced home in Franklin Lakes, NJ?
The cheapest home for sale in Franklin Lakes is priced at $25,302.

Living in Franklin Lakes, NJ

Franklin Lakes is an affluent suburban town in Bergen County, NJ, known for its picturesque landscapes, safe neighborhoods, and excellent schools. The community offers a peaceful lifestyle with access to parks, trails, and local amenities, creating a desirable living environment for families and professionals alike.

Current Market Conditions in Franklin Lakes, NJ

The real estate market in Franklin Lakes has remained stable, with a healthy balance between supply and demand. The trend is leaning towards a seller's market due to a steady influx of families seeking quality education and a suburban lifestyle. Home values have seen an appreciative trend year-on-year, with attractive listings often receiving multiple offers within days.

There is a growing trend for renovation and updates in older homes, which enhances the overall value of properties in the area. Investment into property upgrades is popular, catering to the tastes of prospective buyers who favor modern amenities combined with classic designs.

Home Value Estimator For Franklin Lakes, NJ

There are currently 3,806 real estate properties in Franklin Lakes, NJ, with a median automated valuation model (AVM) price of $1,503,651.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Franklin Lakes, NJ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Franklin Lakes, NJ, is $1,617,399.00, with the most expensive house in Franklin Lakes, NJ, topping out at $13,530,267.00 and the cheapest home in Franklin Lakes, NJ, clocking in at $25,302.00. In other words, there’s something for every potential homebuyer or savvy investor in Franklin Lakes, NJ!

Rent Prices In Franklin Lakes, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Franklin Lakes, NJ, is on a rollercoaster ride. The average rent price in Franklin Lakes, NJ, is $3,728.00. Indeed, when looking to rent in Franklin Lakes, NJ, you can expect to pay as little as $1,150.00 or as much as $6,040.00, with the average rent median estimated to be $3,780.00. The good news is that finding an affordable and desirable property to rent in Franklin Lakes, NJ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Franklin Lakes, NJ Short Sale Listings

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