Parsippany, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 215 transactions over the past year in Parsippany. The median value for residential home transactions that occurred over the previous year is $730,348.46. The number of current listings in Parsippany is 144, and the percentage of properties for sale in the city is 80.45%. Parsippany, NJ currently has 35 properties in foreclosure, 1 bank owned properties, 6 properties headed for auction, and 144 properties for sale.
Parsippany, NJ Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 07054 | $ 736,191 $ 365/sqft |
Housing Market Summary for Parsippany, NJ
| Jun 2025 | June 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $612K | $691.1K | 12.93% |
| Median Sold Price | $665.7K | $691.1K | 3.82% |
| Homes For Sale | 18 | 127 | 605.56% |
| Homes Sold | 122 | 78 | -36.07% |
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 Parsippany, NJ
Browse Homes in Parsippany, NJ
Parsippany home values range from $143,681 to $4,922,638. The median estimated value of a home in Parsippany is $730,348.46. The median list price of a home is 760,500, and the total count of properties in the city is 6,727.
- Pre-ForeclosurePre-foreclosure homes account for 0.42% of all residential properties in Parsippany, NJ with 07054 containing 28 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Parsippany, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,259,941 in 07054 to the lowest home value of $363,808 in 07054.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Parsippany, NJ ranges from the highest value of $724,160 in 07054 to the lowest value of $724,160 in 07054. Bank owned homes and properties account for 0.01% of properties in Parsippany, NJ. There is 1 zips within Parsippany, NJ; 07054 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07054 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Parsippany, NJ. Auction homes and other auction properties account for 0.09% of all properties in Parsippany, NJ. There is 1 zips within Parsippany, NJ; of that zips, the median estimated home value for homes going to auction ranges from $843,228 in 07054 to the lowest value of $483,920 in 07054.