Parsippany, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 228 transactions over the past year in Parsippany. The median value for residential home transactions that occurred over the previous year is $719,074.44. The number of current listings in Parsippany is 75, and the percentage of properties for sale in the city is 70.09%. Parsippany, NJ currently has 32 properties in foreclosure, 1 bank owned properties, 2 properties headed for auction, and 75 properties for sale.
Parsippany, NJ Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 07054 | $ 730,250 $ 346/sqft |
Housing Market Summary for Parsippany, NJ
| Mar 2025 | March 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $325K | $638.5K | 96.45% |
| Median Sold Price | $622.9K | $638.5K | 2.50% |
| Homes For Sale | 19 | 72 | 278.95% |
| Homes Sold | 147 | 122 | -17.01% |
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 $259,800 to $1,889,000. The median estimated value of a home in Parsippany is $719,074.44. The median list price of a home is 750,000, and the total count of properties in the city is 6,538.
- Pre-ForeclosurePre-foreclosure homes account for 0.44% of all residential properties in Parsippany, NJ with 07054 containing 29 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 $1,436,000 in 07054 to the lowest home value of $412,000 in 07054.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Parsippany, NJ ranges from the highest value of $661,400 in 07054 to the lowest value of $661,400 in 07054. Bank owned homes and properties account for 0.02% 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 2 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 0.03% 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 $856,100 in 07054 to the lowest value of $510,000 in 07054.