Parsippany, NJ—07054
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$747,000
3.2% YoY Growth
Household Income
$108,000
14.0% YoY Growth
Days on Market
42
68.0% Longer YoY
Home Price Forecast
2.2%
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 May '26, the median home price in Parsippany, NJ is $747,000, with a year-over-year change of 3.2%. This indicates that home prices in Parsippany, NJ are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $747,000 | 3.2% |
| Single Family | $751,000 | 3.6% |
| Condos | $508,000 | 3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |