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Parsippany, NJ Real Estate & Property Data

Parsippany Real Estate Market Trends

Last Updated: April 27, 2024

Accurate and comprehensive real estate data is critical for insight into Parsippany, NJ. ATTOM’s Parsippany real estate data is updated daily, and current market trends show that in Parsippany, NJ a total of 181 residential properties have sold over the past year. With a median home price of $651,000 in Parsippany. Get detailed property data for Parsippany, NJ instantly. ATTOM is your one-stop-shop for the Parsippany property reports and real estate data you need in Parsippany, NJ.

Parsippany Real Estate Market Trends

Get property data for any address in Parsippany, NJ or the country:

Total Residential Properties 6,500

Total Commercial Properties 411

Avg. Home Age (Single Family Home) 54 Years

Avg. Square Feet (Single Family Home) 2,023

Total 2024 Residential Sales (year-to-date) 22

% of Homes Seriously Underwater (Q2 2024) 0.88%

Total 2023 Residential Sales 175

% of Equity Rich Homes (Q2 2024) 50.09%

Effective 2023 Property Tax 1.66%

Total Foreclosure Filings (year-to-date) 3

Parsippany, NJ Real Estate Overview

There were 181 residential properties sold in the past year in Parsippany, NJ. The median home value in Parsippany, NJ is $641,200. There are a total of 6,500 residential properties in the Parsippany.

Median Sales Price i

$651,000

(Feb 2024)

+5.8%

year-over-year

y-o-y

February '24 Feb '24 $651,000
January '24 Jan '24 $632,500
December '23 Dec '23 $573,750
November '23 Nov '23 $643,500
October '23 Oct '23 $606,000
September '23 Sep '23 $647,000
August '23 Aug '23 $622,500
July '23 Jul '23 $751,000
June '23 Jun '23 $575,000
May '23 May '23 $512,500
April '23 Apr '23 $596,000
March '23 Mar '23 $660,000

Median Down Payment i

$147,800

(Feb 2024)

-26.3%

year-over-year

y-o-y

February '24 Feb '24 $147,800
January '24 Jan '24 $124,500
December '23 Dec '23 $113,000
November '23 Nov '23 $133,400
October '23 Oct '23 $164,250
September '23 Sep '23 $154,100
August '23 Aug '23 $102,000
July '23 Jul '23 $185,000
June '23 Jun '23 $113,000
May '23 May '23 $104,000
April '23 Apr '23 $122,700
March '23 Mar '23 $115,000

Number of Homes Sold i

13

(Feb 2024)

+62.5%

year-over-year

y-o-y

February '24 Feb '24 13
January '24 Jan '24 9
December '23 Dec '23 13
November '23 Nov '23 21
October '23 Oct '23 14
September '23 Sep '23 13
August '23 Aug '23 19
July '23 Jul '23 15
June '23 Jun '23 22
May '23 May '23 16
April '23 Apr '23 7
March '23 Mar '23 11

Number of Purchase Loans i

11

(Feb 2024)

+37.5%

year-over-year

y-o-y

February '24 Feb '24 11
January '24 Jan '24 9
December '23 Dec '23 12
November '23 Nov '23 14
October '23 Oct '23 9
September '23 Sep '23 10
August '23 Aug '23 16
July '23 Jul '23 12
June '23 Jun '23 21
May '23 May '23 13
April '23 Apr '23 6
March '23 Mar '23 8

Number of REFI Loans i

7

(Feb 2024)

+16.7%

year-over-year

y-o-y

February '24 Feb '24 7
January '24 Jan '24 3
December '23 Dec '23 6
November '23 Nov '23 4
October '23 Oct '23 5
September '23 Sep '23 4
August '23 Aug '23 6
July '23 Jul '23 7
June '23 Jun '23 5
May '23 May '23 7
April '23 Apr '23 9
March '23 Mar '23 7

Number of HELOC Loans i

6

(Feb 2024)

+50%

year-over-year

y-o-y

February '24 Feb '24 6
January '24 Jan '24 3
December '23 Dec '23 8
November '23 Nov '23 5
October '23 Oct '23 6
September '23 Sep '23 9
August '23 Aug '23 11
July '23 Jul '23 8
June '23 Jun '23 7
May '23 May '23 4
April '23 Apr '23 9
March '23 Mar '23 12

Parsippany, NJ Real Estate Market Overview

Last 30 days

Zip
Median Est. Value

07054
$641,200 $316.95/sqft

Parsippany, NJ Foreclosure Activity

Total Foreclosure Filings i

February '24 Feb '24 N/A
January '24 Jan '24 3
December '23 Dec '23 1
November '23 Nov '23 3
October '23 Oct '23 N/A
September '23 Sep '23 3
August '23 Aug '23 3
July '23 Jul '23 1
June '23 Jun '23 2
May '23 May '23 3
April '23 Apr '23 5
March '23 Mar '23 1

Foreclosure Starts i

February '24 Feb '24 N/A
January '24 Jan '24 2
December '23 Dec '23 1
November '23 Nov '23 3
October '23 Oct '23 N/A
September '23 Sep '23 1
August '23 Aug '23 1
July '23 Jul '23 N/A
June '23 Jun '23 2
May '23 May '23 1
April '23 Apr '23 3
March '23 Mar '23 1

Completed Foreclosures (REOs) i

February '24 Feb '24 N/A
January '24 Jan '24 N/A
December '23 Dec '23 N/A
November '23 Nov '23 N/A
October '23 Oct '23 N/A
September '23 Sep '23 N/A
August '23 Aug '23 1
July '23 Jul '23 N/A
June '23 Jun '23 N/A
May '23 May '23 1
April '23 Apr '23 N/A
March '23 Mar '23 N/A

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