07054 Home Values & Market Trends
There are 111 homes currently listed for 07054. 07054 real estate market trends show that home prices range from $275,000 to $1,399,000, and the median sales price in the 07054 zip code is $714,369.66. The total number of properties sold within the past twelve months is 243. In 07054, 34 properties are in foreclosure, 1 are bank owned properties,and 6 are headed for auction.
07054 Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Parsippany | $ 743,942 $ 356/sqft |
Housing Market Summary for 07054
| Apr 2025 | April 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $325K | $688.9K | 111.96% |
| Median Sold Price | $623.4K | $688.9K | 10.50% |
| Homes For Sale | 13 | 107 | 723.08% |
| Homes Sold | 135 | 116 | -14.07% |
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 $714,369.66. A total of 111 properties are for sale, and the percentage of properties for sale in the zip code is 76.55%. The total count of 07054 properties is 6,544.
- Pre-ForeclosurePre-foreclosure homes account for 0.41% of all residential properties in 07054 with Parsippany containing 27 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 $1,358,162 in Parsippany to the lowest home value of $259,999 in Parsippany.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 07054 ranges from the highest value of $742,462 in Parsippany to the lowest value of $742,462 in Parsippany. Bank owned homes and properties account for 0.02% 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 6 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 0.09% 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 $808,000 in Parsippany to the lowest value of $498,515 in Parsippany.