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Foreclosures in Franklin, NJ 08322

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Franklin, NJ Foreclosures

Current Market Conditions in in Franklin, NJ As of February 2026?
Over the past month, Franklin's real estate market has seen a slight uptick in home prices, driven by increased buyer activity and limited inventory. The average days on market for homes has decreased, indicating a faster-paced market compared to previous months. Listings are receiving multiple offers, which underscores the competitive nature of the area for homebuyers. New construction projects are in discussion, which may help alleviate some of the inventory shortages in the upcoming months.
How much do homes sell for in Franklin, NJ?
The average home price is currently $430,630.
In Franklin, NJ, how many homes are available?
There are currently 2 active home listings available in Franklin.
What’s the average rental cost in Franklin, NJ?
The average rental price in Franklin is $1,737.
What is the most expensive home in Franklin?
The most expensive home sold in Franklin had a price of $11,582,949.
What is currently the cheapest priced home in Franklin, NJ?
The cheapest home for sale in Franklin is priced at $17,886.

Living in Franklin, NJ

Franklin, NJ is a picturesque town known for its community spirit and rich history. Situated in scenic Sussex County, it offers a range of outdoor activities and local amenities. Families appreciate the strong educational foundations and welcoming atmosphere that makes Franklin a great place to call home.

Buyer vs Seller Market in Franklin, NJ

Franklin's real estate market is currently experiencing modest growth, with a steady demand for single-family homes. As buyers are drawn to the area's lower cost of living compared to nearby metropolitan areas, this has resulted in increased competition for listings, particularly for newer homes.

The rental market in Franklin is also showing signs of strength, with rising rents attracting both investors and tenants. Current vacancy rates are low, indicating a healthy demand for rental properties, which is likely to remain stable as more people seek affordable housing options.

Home Value Estimator For Franklin, NJ

There are currently 2,010 real estate properties in Franklin, NJ, with a median automated valuation model (AVM) price of $376,679.00. 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, 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, NJ, is $430,630.00, with the most expensive house in Franklin, NJ, topping out at $11,582,949.00 and the cheapest home in Franklin, NJ, clocking in at $17,886.00. In other words, there’s something for every potential homebuyer or savvy investor in Franklin, NJ!

Rent Prices In Franklin, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Franklin, NJ, is on a rollercoaster ride. The average rent price in Franklin, NJ, is $1,737.00. Indeed, when looking to rent in Franklin, NJ, you can expect to pay as little as $1,200.00 or as much as $2,940.00, with the average rent median estimated to be $1,710.00. The good news is that finding an affordable and desirable property to rent in Franklin, 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, NJ 08322 Foreclosures

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