Unshakable ZIP Data 08823 | Franklin Park, NJ Housing Market
Franklin Park · Somerset County · New York-Newark-Jersey City, NY-NJ-PA metro · New Jersey · Data updated June 19, 2026
The median sale price in ZIP 08823, Franklin Park, New Jersey is $436,870 at $290 per square foot. 13 single-family homes sold in the latest period, down 55.4 percent from a year earlier. Homes sit a median of 40 days on market with 6.9 months of supply. Sellers are getting 103.1 percent of list price and 76.9 percent of homes sold above asking.
Buyer leverage market. Negotiate hard.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $497,292 | |
| Average price per sq ft | $330 | |
| Median sale price | $436,870 | |
| Median sale price per sq ft | $290 | |
| Median home size | 1,507 sq ft | |
| Median new listing price | $376,234 | +1.7% |
| National size rank | 10,978 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 13 | -55.4% |
| Median days on market | 40 days | |
| Months of supply | 6.9 months | |
| New listings | 43 | +29.2% |
| Active listings | 55 | +11.6% |
| Pending sales | 30 | +1.4% |
Pricing power
| Metric | Value | Year over year |
|---|---|---|
| Average sale-to-list ratio | 103.1% | -0.0 pts |
| Share sold above list | 76.9% | +10.3 pts |
Bedroom value anchors
Average values by bedroom count. Value anchors for orientation, not appraisals.
These figures describe the single-family market for Franklin Park, New Jersey ZIP 08823. They are market context, not a substitute for sold comps or a formal appraisal.