07416 Home Values & Market Trends

There are 7 homes currently listed for 07416. 07416 real estate market trends show that home prices range from $299,000 to $549,000, and the median sales price in the 07416 zip code is $320,346.09. The total number of properties sold within the past twelve months is 71. In 07416, 34 properties are in foreclosure, 0 are bank owned properties,and 1 are headed for auction.

07416 Real Estate Market Overview

CityMedian Est. Value
Franklin

$ 376,300

$ 212/sqft

Housing Market Summary for 07416

Apr 2023March 2024Change
Median Listing Price$477.4K$322.3K-32.50%
Median Sold Price$274K$322.3K17.63%
Homes For Sale4650.00%
Homes Sold43466.98%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 07416

The median list price of a home in Franklin, is $320,346.09. A total of 7 properties are for sale, and the percentage of properties for sale in the zip code is 7.00%. The total count of 07416 properties is 1,779.

Foreclosure
There is 1 cities within 07416; within this cities, the median estimated home value for homes in foreclosure ranges from $605,700 in franklin to the lowest value of $234,800 in franklin. Foreclosure homes account for 1.00% of properties in 07416 with franklin containing 34 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 1.85% of all residential properties in 07416 with franklin containing 33 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 07416; of that cities, the estimated home value for pre-foreclosure homes ranges from $605,700 in franklin to the lowest home value of $234,800 in franklin.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 07416 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 07416. There is 1 cities within 07416; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    franklin has 1 auction properties, the highest number of properties going to auction in a single city in the state of 07416. Auction homes and other auction properties account for 0.06% of all properties in 07416. There is 1 cities within 07416; of that cities, the median estimated home value for homes going to auction ranges from $351,400 in franklin to the lowest value of $351,400 in franklin.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.39% of residential properties in 07416 with franklin containing 7 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 07416; homes for sale in that cities, have a range of median values from $437,700 in franklin to the lowest value of $369,300 in franklin.
    Sold Homes
    The median value for recently sold homes ranges from $855,100 in franklin to the lowest price of $190,000 in franklin. There is 1 cities within 07416. franklin has 45 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.53% of properties in 07416.

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      Guide for 07416

      Market Reports
      Newark Real Estate Market Report, March 2024
      Market Reports
      Jersey City Real Estate Thrives with Robust Demand and Strong Growth in February 2024
      Home Buying Guides & Tips
      How To Stop a Foreclosure via a Short Sale
      Pennsylvania
      Las Vegas Market Report – April 2024
      See More Articles
      Newark Real Estate Market Report, March 2024
      Market Reports|posted 22 March 2024

      The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.

      Jersey City Real Estate Thrives with Robust Demand and Strong Growth in February 2024
      Market Reports|posted 18 March 2024

      The Jersey City real estate market continues to show robust growth with prices rising to an average of $595,000 per property and $394 per square foot in February 2024.

      How To Stop a Foreclosure via a Short Sale
      Home Buying Guides & Tips|posted 26 April 2024

      Learn how a short sale can stop the foreclosure process.

      Las Vegas Market Report – April 2024
      Pennsylvania|posted 25 April 2024

      A comprehensive look at the current real estate trends in Las Vegas and surrounding areas, highlighting the fluctuation in property prices, inventory and sales.