Question 1

What is the average home price in Franklin Lakes, New Jersey?

Accepted Answer

The median home price in Franklin Lakes is $1,642,902. Prices vary by neighborhood and property type — a local real estate agent can give you a current comparative market analysis for the specific area and home size you're targeting.

Question 2

How do I find the best real estate agent in Franklin Lakes, New Jersey?

Accepted Answer

Look for agents with documented sales history, strong local reviews, and direct experience in Franklin Lakes's neighborhoods. Best Luxury Home Agents ranks the highest-performing agents in Franklin Lakes based on documented sales volume, client ratings, and market expertise — all agents listed here meet a minimum 4.5-star rating threshold.

Question 3

Do I need a buyer's agent to purchase a home in Franklin Lakes?

Accepted Answer

In New Jersey, buyers are not legally required to use an agent, but working with one is strongly recommended. A local buyer's agent in Franklin Lakes will have access to off-market listings, negotiate on your behalf, and guide you through inspection, financing, and closing — at no direct cost to you (seller typically covers commissions).

Question 4

How much does a real estate agent cost in Franklin Lakes?

Accepted Answer

In New Jersey, total agent commission is typically 4–6% of the sale price, split between the buyer's and seller's agents. Since the NAR settlement in 2024, commission structures have become more flexible — ask any listed agent for a clear breakdown of their fees before signing.

Question 5

What questions should I ask a real estate agent in Franklin Lakes?

Accepted Answer

Ask about their recent sales in Franklin Lakes specifically, how many transactions they've closed in the last 12 months, how they'll market your home (or source listings for buyers), their communication style, and whether they work solo or with a team. A strong local agent will have direct answers for all of these.

The best luxury home agents in Franklin Lakes

Christina Gibbons

The Agency One Rock NJ

Christine Gubb

Melissa Shiel

Maryanne Elsaesser

Attilio Adamo

Stephen Braconi

William Boswell and Ronald Aiosa

Chopper Russo

Valerie Tramontozzi

Chris Tarta

Mary Premtaj

Frequently Asked Questions — Franklin Lakes Real Estate