All Home Types
Parsippany, NJ Housing Market
What is the housing market like in Parsippany today?
In January 2025, Parsippany home prices were up 30.2% compared to last year, selling for a median price of $625K. On average, homes in Parsippany sell after 29 days on the market compared to 24 days last year. There were 7 homes sold in January this year, up from 2 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$625,000
+30.2% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Parsippany, NJ
$625,000
+30.2%
United States
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Parsippany Migration & Relocation Trends
In Dec '24 - Feb '25, 30% of Parsippany homebuyers searched to move out of Parsippany, while 70% looked to stay within the metropolitan area.
- Across the nation, 3% of homebuyers searched to move into Parsippany from outside metros.
- San Francisco homebuyers searched to move into Parsippany more than any other metro followed by Seattle and Los Angeles.
Where are people moving to Parsippany from?
- 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 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 | Dec '24 - Feb '25 | ||
| 1 | 198 | ||
| 2 | 74 | ||
| 3 | 64 | ||
| 4 | 18 | ||
| 5 | 11 | ||
| 6 | 5 | ||
| 7 | 4 | ||
| 8 | 3 | ||
| 9 | 3 | ||
| 10 | 3 | ||
People are leaving Parsippany for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Dec '24 - Feb '25 | ||
| 1 | 5,524 | ||
| 2 | 4,297 | ||
| 3 | 3,510 | ||
| 4 | 2,469 | ||
| 5 | 1,894 | ||
| 6 | 1,883 | ||
| 7 | 1,663 | ||
| 8 | 1,471 | ||
| 9 | 1,351 | ||
| 10 | 1,214 | ||
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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