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

ZipMedian Est. Value
07054

$ 623,000

$ 297/sqft

Housing Market Summary for Parsippany, NJ

Mar 2023February 2024Change
Median Listing Price$542.5K$611.1K12.65%
Median Sold Price$564.3K$611.1K8.30%
Homes For Sale101110.00%
Homes Sold13295-28.03%
Price
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Homes For Sale
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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%.

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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.

Foreclosure
There is 1 zips within Parsippany, NJ; within this zips, the median estimated home value for homes in foreclosure ranges from $685,900 in 07054 to the lowest value of $494,100 in 07054. Foreclosure homes account for 0.00% of properties in Parsippany, NJ with 07054 containing 6 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-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 Owned
    The 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.
  • Auctions
    07054 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.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.16% of residential properties in Parsippany, NJ with 07054 containing 10 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Parsippany, NJ; homes for sale in that zips, have a range of median values from $722,400 in 07054 to the lowest value of $416,700 in 07054.
    Sold Homes
    The median value for recently sold homes ranges from $1,276,000 in 07054 to the lowest price of $228,100 in 07054. There is 1 zips within Parsippany, NJ. 07054 has 88 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.36% of properties in Parsippany, NJ.

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      Guide for Parsippany, NJ

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      Recently Listed Homes Parsippany, NJ

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