Parsippany, NJ—07054
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$701,000
2.5% YoY Growth
Household Income
$108,000
14.0% YoY Growth
Days on Market
44
3.0% Shorter YoY
Home Price Forecast
1.5%
Median Rent
$3,900
3.8% YoY Growth
1-Bed Rent
$1,860
8.8% YoY Growth
2-Bed Rent
$2,450
6.2% YoY Growth
3-Bed Rent
$3,900
2.1% YoY Growth
Home Price Trends — Parsippany, NJ
As of Dec '25, the median home price in Parsippany, NJ is $701,000, with a year-over-year change of 2.5%. This indicates that home prices in Parsippany, NJ are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $701,000 | 2.5% |
| Single Family | $704,000 | 2.0% |
| Condos | $492,000 | 3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |