07054 Home Values & Market Trends
There are 147 homes currently listed for 07054. 07054 real estate market trends show that home prices range from $205,000 to $1,459,000, and the median sales price in the 07054 zip code is $729,102.38. The total number of properties sold within the past twelve months is 224. In 07054, 35 properties are in foreclosure, 1 are bank owned properties,and 4 are headed for auction.
07054 Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Parsippany | $ 757,540 $ 367/sqft |
Housing Market Summary for 07054
| Jul 2025 | July 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $665K | $719.1K | 8.13% |
| Median Sold Price | $648.8K | $719.1K | 10.83% |
| Homes For Sale | 49 | 157 | 220.41% |
| Homes Sold | 96 | 72 | -25.00% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in 07054
Browse Homes in 07054
The median list price of a home in Parsippany, is $729,102.38. A total of 147 properties are for sale, and the percentage of properties for sale in the zip code is 80.77%. The total count of 07054 properties is 6,714.
- Pre-ForeclosurePre-foreclosure homes account for 0.45% of all residential properties in 07054 with Parsippany containing 30 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 07054; of that cities, the estimated home value for pre-foreclosure homes ranges from $1,404,334 in Parsippany to the lowest home value of $365,432 in Parsippany.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 07054 ranges from the highest value of $707,964 in Parsippany to the lowest value of $707,964 in Parsippany. Bank owned homes and properties account for 0.01% of properties in 07054. There is 1 cities within 07054; Parsippany containing 1 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsParsippany has 4 auction properties, the highest number of properties going to auction in a single city in the state of 07054. Auction homes and other auction properties account for 0.06% of all properties in 07054. There is 1 cities within 07054; of that cities, the median estimated home value for homes going to auction ranges from $760,747 in Parsippany to the lowest value of $625,750 in Parsippany.