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Parsippany, NJ Real Estate & Property Data

Parsippany Real Estate Market Trends

Last Updated: April 30, 2024

Accurate and comprehensive real estate data is critical for insight into Parsippany, NJ. ATTOM’s Parsippany real estate data is updated daily, and current market trends show that in Parsippany, NJ a total of 176 residential properties have sold over the past year. With a median home price of $679,000 in Parsippany and a total of 2 foreclosures. Get detailed property data for Parsippany, NJ instantly. ATTOM is your one-stop-shop for the Parsippany property reports and real estate data you need in Parsippany, NJ.

Parsippany Real Estate Market Trends

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Total Residential Properties 6,493

Total Commercial Properties 407

Avg. Home Age (Single Family Home) 54 Years

Avg. Square Feet (Single Family Home) 2,025

Total 2024 Residential Sales (year-to-date) 29

% of Homes Seriously Underwater (Q2 2024) 0.8%

Total 2023 Residential Sales 170

% of Equity Rich Homes (Q2 2024) 50.12%

Effective 2023 Property Tax 1.77%

Total Foreclosure Filings (year-to-date) 5

Parsippany, NJ Real Estate Overview

There were 176 residential properties sold in the past year in Parsippany, NJ. The median home value in Parsippany, NJ is $641,300. There are a total of 6,493 residential properties in the Parsippany.

Median Sales Price i

$679,000

(Mar 2024)

+9.5%

year-over-year

y-o-y

March '24 Mar '24 $679,000
February '24 Feb '24 $651,000
January '24 Jan '24 $632,500
December '23 Dec '23 $573,750
November '23 Nov '23 $643,500
October '23 Oct '23 $606,000
September '23 Sep '23 $647,000
August '23 Aug '23 $622,500
July '23 Jul '23 $751,000
June '23 Jun '23 $575,000
May '23 May '23 $512,500
April '23 Apr '23 $596,000

Median Down Payment i

$180,000

(Mar 2024)

+56.5%

year-over-year

y-o-y

March '24 Mar '24 $180,000
February '24 Feb '24 $147,800
January '24 Jan '24 $124,500
December '23 Dec '23 $113,000
November '23 Nov '23 $133,400
October '23 Oct '23 $164,250
September '23 Sep '23 $154,100
August '23 Aug '23 $102,000
July '23 Jul '23 $185,000
June '23 Jun '23 $100,000
May '23 May '23 $104,000
April '23 Apr '23 $122,700

Number of Homes Sold i

7

(Mar 2024)

-12.5%

year-over-year

y-o-y

March '24 Mar '24 7
February '24 Feb '24 13
January '24 Jan '24 9
December '23 Dec '23 13
November '23 Nov '23 21
October '23 Oct '23 14
September '23 Sep '23 13
August '23 Aug '23 19
July '23 Jul '23 15
June '23 Jun '23 21
May '23 May '23 16
April '23 Apr '23 7

Number of Purchase Loans i

7

(Mar 2024)

+16.7%

year-over-year

y-o-y

March '24 Mar '24 7
February '24 Feb '24 11
January '24 Jan '24 9
December '23 Dec '23 12
November '23 Nov '23 14
October '23 Oct '23 9
September '23 Sep '23 10
August '23 Aug '23 16
July '23 Jul '23 12
June '23 Jun '23 20
May '23 May '23 13
April '23 Apr '23 6

Number of REFI Loans i

4

(Mar 2024)

-42.9%

year-over-year

y-o-y

March '24 Mar '24 4
February '24 Feb '24 7
January '24 Jan '24 2
December '23 Dec '23 6
November '23 Nov '23 4
October '23 Oct '23 5
September '23 Sep '23 4
August '23 Aug '23 6
July '23 Jul '23 7
June '23 Jun '23 5
May '23 May '23 7
April '23 Apr '23 9

Number of HELOC Loans i

8

(Mar 2024)

-33.3%

year-over-year

y-o-y

March '24 Mar '24 8
February '24 Feb '24 6
January '24 Jan '24 3
December '23 Dec '23 8
November '23 Nov '23 5
October '23 Oct '23 6
September '23 Sep '23 9
August '23 Aug '23 11
July '23 Jul '23 8
June '23 Jun '23 7
May '23 May '23 4
April '23 Apr '23 9

Parsippany, NJ Real Estate Market Overview

Last 30 days

Zip
Median Est. Value

07054
$641,300 $316.67/sqft

Parsippany, NJ Foreclosure Activity

There were a total of 2 Parsippany, NJ properties with a foreclosure filing in March 2024.

Total Foreclosure Filings i

2

(Mar 2024)

+100%

year-over-year

y-o-y

March '24 Mar '24 2
February '24 Feb '24 N/A
January '24 Jan '24 3
December '23 Dec '23 1
November '23 Nov '23 3
October '23 Oct '23 N/A
September '23 Sep '23 3
August '23 Aug '23 3
July '23 Jul '23 1
June '23 Jun '23 2
May '23 May '23 3
April '23 Apr '23 5

Foreclosure Starts i

2

(Mar 2024)

+100%

year-over-year

y-o-y

March '24 Mar '24 2
February '24 Feb '24 N/A
January '24 Jan '24 2
December '23 Dec '23 1
November '23 Nov '23 3
October '23 Oct '23 N/A
September '23 Sep '23 1
August '23 Aug '23 1
July '23 Jul '23 N/A
June '23 Jun '23 2
May '23 May '23 1
April '23 Apr '23 3

Completed Foreclosures (REOs) i

March '24 Mar '24 N/A
February '24 Feb '24 N/A
January '24 Jan '24 N/A
December '23 Dec '23 N/A
November '23 Nov '23 N/A
October '23 Oct '23 N/A
September '23 Sep '23 N/A
August '23 Aug '23 1
July '23 Jul '23 N/A
June '23 Jun '23 N/A
May '23 May '23 1
April '23 Apr '23 N/A

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