Parsippany, NJ Housing Market
The Parsippany housing market is very competitive. The median sale price of a home in Parsippany was $682K last month, up 32.4% since last year. The median sale price per square foot in Parsippany is $330, up 15.0% since last year.
Parsippany Housing Market Trends
In March 2024, Parsippany home prices were up 32.4% compared to last year, selling for a median price of $682K. On average, homes in Parsippany sell after 10 days on the market compared to 26 days last year. There were 9 homes sold in March this year, down from 10 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Parsippany housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 7% above list price and go pending in around 18 days.
- Hot homescan sell for about 14% above list price and go pending in around 12 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 1% above list price and go pending in around 59 days.
- Hot homescan sell for about 8% above list price and go pending in around 11 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 4% above list price and go pending in around 21 days.
- Hot homescan sell for about 8% above list price and go pending in around 13 days.
Parsippany Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Parsippany from outside metros.
- Peoria homebuyers searched to move into Parsippany more than any other metro followed by Springfield and Lincoln.
- 70% of Parsippany homebuyers searched to stay within the Parsippany metropolitan area.
- Miami was the most popular destination among Parsippany homebuyers followed by Philadelphia and Washington.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 6 | ||
2 | 5 | ||
3 | 5 | ||
4 | 2 | ||
5 | 2 | ||
6 | 1 | ||
7 | 1 | ||
8 | 0 | ||
9 | 0 | ||
10 | 0 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 6,754 | ||
2 | 4,058 | ||
3 | 3,185 | ||
4 | 2,755 | ||
5 | 2,367 | ||
6 | 2,152 | ||
7 | 1,814 | ||
8 | 1,636 | ||
9 | 1,547 | ||
10 | 1,491 |
Home offer insights for Parsippany
Recent offers
View houses in Parsippany that sold recently
Recently sold homes
- $706,000 Last Sold Price3 beds2 baths—sq ft8 Union Rd, Parsippany-troy Hills Twp., NJ 07054-1526List Price$599,000Sale to List18% over listDays on Market41 days8 Union Rd, Parsippany-troy Hills Twp., NJ 07054-1526
- $1,100,000 Last Sold Price5 beds3 baths—sq ft9 Groverville Rd, Parsippany-troy Hills Twp., NJ 07054-2601List Price$1,050,000Sale to List5% over listDays on Market178 days9 Groverville Rd, Parsippany-troy Hills Twp., NJ 07054-2601
- $850,000 Last Sold Price5 beds3 baths—sq ft26 Maplewood Dr, Parsippany-troy Hills Twp., NJ 07054-1440List Price$749,950Sale to List13% over listDays on Market49 days26 Maplewood Dr, Parsippany-troy Hills Twp., NJ 07054-1440
- $485,000—beds—baths2,113 sq ft7 Bent Birch Pl, Parsippany, NJ 07054Days on Market—7 Bent Birch Pl, Parsippany, NJ 07054
- $551,000 Last Sold Price4 beds3 baths—sq ft144 Bridgeton Dr, Parsippany-troy Hills Twp., NJ 07054-3031List Price$489,000Sale to List13% over listDays on Market56 days144 Bridgeton Dr, Parsippany-troy Hills Twp., NJ 07054-3031
- $682,000 Last Sold Price4 beds2.5 baths—sq ft14 Arnold Dr, Parsippany-troy Hills Twp., NJ 07054-2241List Price$600,000Sale to List14% over listDays on Market54 days14 Arnold Dr, Parsippany-troy Hills Twp., NJ 07054-2241
- $551,000 Last Sold Price4 beds1.5 baths—sq ft60 Califon Rd, Par-troy Hills Township, NJ 07054Weichert Realtors, Mountain Lakes Outside BrokerList Price$479,900Sale to List15% over listDays on Market47 days60 Califon Rd, Par-troy Hills Township, NJ 07054
- $565,000 Last Sold Price4 beds1.5 baths—sq ft164 Harrison Rd, Parsippany-troy Hills Twp., NJ 07054List Price$450,000Sale to List26% over listDays on Market43 days164 Harrison Rd, Parsippany-troy Hills Twp., NJ 07054
See all recently sold homes in Parsippany.
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Schools in Parsippany
- Elementary
- Middle
- High
GreatSchools Rating
10/10 Intervale Elementary School Public • K-5 | 278 Students | 10 reviews |
10/10 Lake Parsippany Elementary School Public • K-5 | 283 Students | 4 reviews |
9/10 Northvail Elementary School Public • K-5 | 371 Students | 10 reviews |
7/10 Eastlake Elementary School Public • PreK-5 | 350 Students | 6 reviews |
6/10 Troy Hills Elementary School Public • K-5 | 260 Students | 2 reviews |
Climate's impact on Parsippany housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Parsippany.
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Wind likelihood over time
Heat Factor - Major
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Transportation in Parsippany
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