All Home Types
Parsippany, NJ Housing Market
What is the housing market like in Parsippany today?
In May 2025, Parsippany home prices were up 45.7% compared to last year, selling for a median price of $809K. On average, homes in Parsippany sell after 15 days on the market compared to 16 days last year. There were 8 homes sold in May this year, up from 7 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$808,500
+45.7% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Parsippany, NJ
$808,500
+45.7%
United States
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Parsippany Migration & Relocation Trends
In Feb '25 - Apr '25, 31% of Parsippany homebuyers searched to move out of Parsippany, while 69% looked to stay within the metropolitan area.
- Across the nation, 3% of homebuyers searched to move into Parsippany from outside metros.
- Los Angeles homebuyers searched to move into Parsippany more than any other metro followed by Vineyard Haven and Spokane.
Where are people moving to Parsippany from?
- 69% of Parsippany homebuyers searched to stay within the Parsippany metropolitan area.
- Miami was the most popular destination among Parsippany homebuyers followed by Philadelphia and Boston.
Where are people from Parsippany moving to?
Number of People Moving to Parsippany
least
most
People are moving to Parsippany from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Feb '25 - Apr '25 | ||
| 1 | 192 | ||
| 2 | 13 | ||
| 3 | 8 | ||
| 4 | 4 | ||
| 5 | 3 | ||
| 6 | 3 | ||
| 7 | 2 | ||
| 8 | 2 | ||
| 9 | 2 | ||
| 10 | 2 | ||
People are leaving Parsippany for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Feb '25 - Apr '25 | ||
| 1 | 5,724 | ||
| 2 | 4,619 | ||
| 3 | 4,289 | ||
| 4 | 2,883 | ||
| 5 | 2,084 | ||
| 6 | 2,013 | ||
| 7 | 1,658 | ||
| 8 | 1,494 | ||
| 9 | 1,438 | ||
| 10 | 1,390 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Parsippany.
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