Schools In The Area
Area Highlights
A quick view of the most influential metrics in Franklin Lakes.
Franklin Lakes, NJ Market Snapshot (NJMLS)
Annual market stats for Franklin Lakes from the NJMLS Statistics Report (all property types, Jan 1–Dec 31).
Town-level markets can vary year to year, so we show the latest year plus multi-year context.
Full Year 2025 (Jan 1–Dec 31)
|
Homes Sold
109
|
Average Sale Price
$1,951,979
|
Average Days on Market
55
|
Sale-to-Original-List (Sale/OLP)
99.66%
|
|
Success Ratio
50.9%
Sold ÷ (Sold + Withdrawn + Expired)
|
3-Year Avg Sale Price (2023–2025)
~$1.69M
|
3-Year Avg DOM (2023–2025)
~52
|
3-Year Avg Sale/OLP (2023–2025)
~99.18%
|
Noteworthy 10-Year Trends (2016–2025)
- Higher price level: average sale price increased from $1.12M (2016) to $1.95M (2025), roughly a 75% rise over the decade.
- Faster market: avg DOM improved from 101 days (2016) to 47 days (2024); 2025 finished at 55 days.
- Stronger pricing outcomes: Sale/OLP moved from ~90–93% (2016–2019) to ~98–100% (2021–2025).
Market Insight
Franklin Lakes can show strong sale-to-list performance while the success ratio shifts year to year.
Sale/OLP reflects how closely successful listings trade to their original asking price, while the success ratio
(Sold ÷ [Sold + Withdrawn + Expired]) reflects how many listings convert to a closing. When inventory mix changes
or pricing starts ahead of the market, withdrawals and expirations can rise even as well-positioned homes still
sell close to ask.
Franklin Lakes NJMLS Annual Summary (2016–2025)
| Year | Homes Sold | Avg Sale Price | Avg DOM | Sale/OLP | Success Ratio |
|---|---|---|---|---|---|
| 2025 | 109 | $1,951,979 | 55 | 99.66% | 50.9% |
| 2024 | 94 | $1,563,718 | 47 | 99.68% | 51.1% |
| 2023 | 127 | $1,556,122 | 55 | 98.20% | 56.4% |
| 2022 | 182 | $1,580,149 | 59 | 98.67% | 66.2% |
| 2021 | 200 | $1,346,041 | 67 | 97.20% | 64.3% |
| 2020 | 170 | $1,273,352 | 72 | 95.70% | 48.0% |
| 2019 | 181 | $1,110,308 | 84 | 92.19% | 48.3% |
| 2018 | 173 | $1,162,049 | 84 | 93.64% | 39.9% |
| 2017 | 131 | $1,117,439 | 86 | 92.69% | 35.2% |
| 2016 | 112 | $1,116,040 | 101 | 90.64% | 32.1% |
Source: NJMLS Statistics Report — Franklin Lakes (0220), all property types/subtypes, Jan 1–Dec 31 each year.
Why buyers choose Franklin Lakes
Practical reasons Franklin Lakes shows up in Bergen County buyer searches—centered on lot usability, outdoor access,
and how day-to-day routines connect to nearby routes and amenities.
- Space + privacy priorities: many buyers filter for larger-lot settings, driveway approach, and outdoor usability.
- Outdoor options in town: multiple parks and trail systems support walking routines, weekend hikes, and everyday recreation.
- Lakes + preserved open space: the nature preserve and local parks add “near-water / near-trails” lifestyle options.
- Sports + recreation footprint: fields, playgrounds, and courts (tennis/pickleball) support structured activities and casual use.
- Regional access patterns: buyers often compare how quickly different pockets connect to major routes and nearby shopping/dining corridors.
Parks & outdoor anchors in Franklin Lakes
G. Thomas Donch Nature Preserve (Franklin Lakes Nature Preserve)
- Walking, hiking, jogging, fishing, bird watching, and picnicking
- ADA-accessible pathway with boardwalk sections and viewing platforms
- 120-acre passive recreation facility with trails around a 75-acre lake
- Connects to the preserve’s trail system and regional trail network
- Seasonal boating allowed (rules apply)
Hours: dawn to dusk. Check posted rules before planning activities.
Parsons Pond Park
- 84-acre park with open fields, ponds/streams, and wooded walking paths
- Baseball/softball field
- Ample parking
- Fishing permitted with NJ license (rules apply)
- Boats are not permitted
Hours: dawn to dusk. Dogs permitted on leash.
Old Mill Woodlands Dog Park
- Separate areas for large and small dogs
- Dog water fountain + waste bag station
- Common daily-routine stop for exercise and socialization
Hours: dawn to dusk. Follow the borough’s dog park rules.
Old Mill Woodlands Tennis & Pickleball Courts
- 6 tennis courts + 4 pickleball courts (Old Mill Road location)
- Seasonal operations and registration/membership structure
- Common reference point for “in-town courts” searches
Court policies and seasonal dates can change—verify current rules before visiting.
Town fields (sports + recreation anchors)
- Pulis Avenue Field
- Municipal Field (DeKorte Drive area)
- Tommy John Field (near the library)
- Firemen’s Field
- Mc Bride Field (includes bocce availability as posted)
Playgrounds (everyday-use anchors)
- Pulis Avenue Playground
- Municipal Field Playground (behind Borough Hall area)
Trail maps buyers often reference
The borough provides trail map resources for the Nature Preserve, Old Mill Woodlands Trail System, and Parsons Pond Park.
Micro-areas buyers reference in Franklin Lakes
Franklin Lakes is a single borough, but buyers still use lifestyle anchors and route patterns as shorthand for “where.”
These aren’t official boundaries—just common buyer language.
Nature Preserve / High Mountain access pocket
What it usually means: Buyers prioritizing trails, water views, and a more nature-forward routine.
Buyers often ask: Trailhead access, weekend activity levels, and how the location supports daily walks.
Old Mill Road / Old Mill Woodlands pocket
What it usually means: Proximity to courts, dog park routines, and the Old Mill Woodlands trail system.
Buyers often ask: Parking approach, seasonal activity, and how quickly errands connect to surrounding corridors.
Municipal complex / DeKorte Drive area
What it usually means: Convenience to town fields, playgrounds, and core municipal services.
Buyers often ask: Event-day activity levels, weekday traffic rhythm, and everyday routing patterns.
Border convenience pockets (Wyckoff / Oakland / Mahwah / Wayne side)
What it usually means: Cross-shopping based on errands, commuting routes, and preferred daily drive patterns.
Buyers often ask: “Which town fits our routine best?” plus inventory style and lot-use comparisons.
Related guides & next steps
Franklin Lakes, NJ FAQ
Why do buyers choose Franklin Lakes?
Buyers commonly choose Franklin Lakes for space and privacy priorities, in-town outdoor options (parks, trails, and lake settings),
and a recreation footprint that supports both structured activities and everyday routines—then narrow by route access and street feel.
What parks are in Franklin Lakes?
Commonly referenced parks include the G. Thomas Donch Nature Preserve (Franklin Lakes Nature Preserve), Parsons Pond Park,
and the Old Mill Woodlands Dog Park, plus multiple town fields and playgrounds.
Is boating allowed at the Franklin Lakes Nature Preserve?
Boating is permitted at the G. Thomas Donch Nature Preserve under borough rules and within posted hours; review current policies
before planning.
Are there tennis and pickleball courts in town?
The borough lists tennis and pickleball courts at the Old Mill Woodlands courts location, with seasonal operations and registration requirements.
Verify current rules and hours before visiting.
How do buyers choose a location within Franklin Lakes?
Many buyers compare privacy, street traffic patterns, driveway approach, and yard layout, then confirm how easily daily routes connect
to preferred parks, schools, and commuting/errand patterns.
Where do Franklin Lakes students attend school?
School assignments and sending/receiving arrangements can change. Many buyers confirm current details directly with the district before making decisions.
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