Property prices for sale in Franklin Lakes (New Jersey)

The prices in real estate in Franklin Lakes, in the New Jersey region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.

$1,315,627.83
Average price last 6 months
$157,978.17
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Franklin Lakes has increased strongly during the last 6 months. In April, the average price per sq.feet was $347. In the following month the price per sq.feet increased to $376. The price for the following two months in (June, July) had a considerable increment of 37454 %. The price per sq.feet has had a considerable increase of 498 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $67,878.25 to $338,178 during August, and September.

Average price

Based upon to the price in Franklin Lakes (cities), these have remained the same in the last 6 months. In our first sample month during April, the average price is $1,277,453. In May This price remains at $1,259,445. In the following two months the average price has remained the same with regard to the previous two months from $1,268,449 to $1,290,944. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,441,944 they are 18 % more affordable than the average price for Franklin Lakes. The properties with the lowest average price have 3 bedrooms, Their price is 9 % cheaper than the average. After that we have properties with 1 bedroom priced at $1,245,634.

With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $322 / sq.feet, with an average $413,929 / sq.feet price in Franklin Lakes. The properties with the lowest average prices have 2 bedrooms. They are 100 % cheaper than the average followed by properties with 1 bedroom with a price at $340 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $1,441,944 it is 11 % cheaper than the average price in Franklin Lakes. "House" is seen as the second most affordable property type. The cheapest type property is "Commercial Property" followed by "House". At a price of $1,305,963 it is 4 % more affordable than the average price.

According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $322 / sq.feet followed by "Commercial" priced at $323 / sq.feet. "Commercial Property" is the cheapest type of property with a $11,092 / sq.feet value followed by "Commercial" with an average price of $323 / sq.feet.

Charts data
Average price September
Average price per sq.feet September
Number of properties used in Franklin Lakes
Number of properties used in region New Jersey
$1,441,944
$413,929
450
164,044
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
3 Bed, 2 Bath New Home Plan In Franklin Lakes, Nj
 22
3 Bed, 2 Bath New Home Plan In Franklin Lakes, Nj
$1,213,995
Franklin Lakes, New Jersey - For Sale - House - 2,804 sq.feet - 3 bedrooms - 3 bathrooms
This to-be-built home is the kinkade plan by toll brothers, and is located in the community of the reserve at franklin lakes - carriages collection. Special offer!: love...
4 Bed, 3 Bath New Home Plan In Franklin Lakes, Nj
 35
4 Bed, 3 Bath New Home Plan In Franklin Lakes, Nj
$1,606,995
Franklin Lakes, New Jersey - For Sale - House - 4,436 sq.feet - 4 bedrooms - 4 bathrooms
This to-be-built home is the windermere plan by toll brothers, and is located in the community of the reserve at franklin lakes - signature collection. Special offer!: love...
Brand New Home In Franklin Lakes, Nj. 4 Bed, 3 Bath
 33
Brand New Home In Franklin Lakes, Nj. 4 Bed, 3 Bath
$1,467,438
Franklin Lakes, New Jersey - For Sale - House - 3,540 sq.feet - 4 bedrooms - 4 bathrooms
And is located in the community of the reserve at franklin lakes - carriages collection at 5 silent nest way, franklin lakes, nj-07417. Special offer!: love everything...
3 Bed, 2 Bath New Home Plan In Franklin Lakes, Nj
 22
3 Bed, 2 Bath New Home Plan In Franklin Lakes, Nj
$1,142,995
Franklin Lakes, New Jersey - For Sale - House - 3,146 sq.feet - 3 bedrooms - 3 bathrooms
This to-be-built home is the shannon plan by toll brothers, and is located in the community of the reserve at franklin lakes - carriages collection. Special offer!: love...
Brand New Home In Franklin Lakes, Nj. 4 Bed, 3 Bath
 30
Brand New Home In Franklin Lakes, Nj. 4 Bed, 3 Bath
$1,381,740
Franklin Lakes, New Jersey - For Sale - House - 2,658 sq.feet - 4 bedrooms - 4 bathrooms
And is located in the community of the reserve at franklin lakes - carriages collection at 11 silver rock way, franklin lakes, nj-07417. Special offer!: love everything...