Parsippany, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 166 transactions over the past year in Parsippany. The median value for residential home transactions that occurred over the previous year is $620,196.88. The number of current listings in Parsippany is 10, and the percentage of properties for sale in the city is 10.00%. Parsippany, NJ currently has 6 properties in foreclosure, 1 bank owned properties, 2 properties headed for auction, and 10 properties for sale.
Parsippany, NJ Real Estate Market Overview
Zip | Median Est. Value |
---|---|
07054 | $ 623,000 $ 297/sqft |
Housing Market Summary for Parsippany, NJ
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $542.5K | $611.1K | 12.65% |
Median Sold Price | $564.3K | $611.1K | 8.30% |
Homes For Sale | 10 | 11 | 10.00% |
Homes Sold | 132 | 95 | -28.03% |
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 $214,700 to $1,576,000. The median estimated value of a home in Parsippany is $620,196.88. The median list price of a home is 587,500, and the total count of properties in the city is 6,447.
- Pre-ForeclosurePre-foreclosure homes account for 0.05% of all residential properties in Parsippany, NJ with 07054 containing 3 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 $685,900 in 07054 to the lowest home value of $651,300 in 07054.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Parsippany, NJ ranges from the highest value of $494,100 in 07054 to the lowest value of $494,100 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 $661,400 in 07054 to the lowest value of $648,200 in 07054.
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Guide for Parsippany, NJ
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