07054 Home Values & Market Trends
There are 151 homes currently listed for 07054. 07054 real estate market trends show that home prices range from $205,000 to $1,300,000, and the median sales price in the 07054 zip code is $769,286. The total number of properties sold within the past twelve months is 215. In 07054, 35 properties are in foreclosure, 0 are bank owned properties,and 3 are headed for auction.
07054 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Parsippany | $ 769,286 $ 371/sqft |
Housing Market Summary for 07054
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $670K | $732K | 9.25% |
| Median Sold Price | $684.7K | $749.6K | 9.48% |
| Homes For Sale | 98 | 152 | 55.10% |
| Homes Sold | 106 | 58 | -45.28% |
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 $769,286. A total of 151 properties are for sale, and the percentage of properties for sale in the zip code is 151.00%. The total count of 07054 properties is 280.
- Pre-ForeclosurePre-foreclosure homes account for 11.43% of all residential properties in 07054 with parsippany containing 32 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 $1,351,876 in parsippany to the lowest home value of $420,644 in parsippany.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 07054 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 07054. There is 1 cities within 07054; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsparsippany has 3 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 1.07% 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 $823,411 in parsippany to the lowest value of $609,397 in parsippany.
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Guide for 07054
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
