House Prices

Parsons Village Morristown, NJ House Prices & Home Values 2026


Average Data

average house price$961,959
average size per house3137 ft²
average price per ft²330 $ / ft²

05/22/2026 - The value range (VR) for house prices in Parsons Village Morristown, NJ is $313.5/ sqft to $346.5/ sqft. An average home with 3137 sqft costs approximately $1,057,209 to $1,168,494. Morristown, NJ includes 1 ZIP codes and it is located in Morris county. The lowest prices are found in ZIP 07960, while the highest are in ZIP 07960. The average price per sqare feet is $330. Our analysis is based on 10 property listings.

Avergage prices by ZIP codes Parsons Village Morristown

07960491 $ / ft²




Historical development of home values in Parsons Village Morristown

Year Estimated value (USD) Change vs. 2025
2010 $446,751 -53.6%
2011 $429,475 -55.4%
2012 $428,319 -55.5%
2013 $444,328 -53.8%
2014 $466,422 -51.5%
2015 $490,361 -49.0%
2016 $515,951 -46.4%
2017 $543,799 -43.5%
2018 $573,863 -40.3%
2019 $600,472 -37.6%
2020 $631,514 -34.4%
2021 $718,279 -25.3%
2022 $837,352 -13.0%
2023 $883,027 -8.2%
2024 $934,111 -2.9%
2025 $961,959 0.0%

Graph: estimated home values in Parsons Village Morristown over time (USD)



Example: 100% financing house in Parsons Village Morristown

Loan amount: $961,959

Interest rate: 6.45%

Fixed monthly payment: $6,048.64

Breakdown in the 1st month:
Interest portion: $5,170.53  –  Principal portion: $878.11

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $61,729.20 $10,854.46 $951,104.54
2 $61,008.01 $11,575.65 $939,528.89
3 $60,238.91 $12,344.75 $927,184.15
4 $59,418.71 $13,164.95 $914,019.20
5 $58,544.01 $14,039.65 $899,979.55
6 $57,611.20 $14,972.46 $885,007.09
7 $56,616.41 $15,967.25 $869,039.84
8 $55,555.52 $17,028.14 $852,011.71
9 $54,424.15 $18,159.51 $833,852.20
10 $53,217.61 $19,366.05 $814,486.15
11 $51,930.90 $20,652.76 $793,833.39
12 $50,558.70 $22,024.95 $771,808.44
13 $49,095.33 $23,488.32 $748,320.11
14 $47,534.74 $25,048.92 $723,271.19
15 $45,870.45 $26,713.20 $696,557.99
16 $44,095.59 $28,488.06 $668,069.93
17 $42,202.81 $30,380.85 $637,689.08
18 $40,184.26 $32,399.40 $605,289.68
19 $38,031.60 $34,552.06 $570,737.62
20 $35,735.92 $36,847.74 $533,889.88
21 $33,287.70 $39,295.96 $494,593.93
22 $30,676.83 $41,906.83 $452,687.10
23 $27,892.48 $44,691.18 $407,995.92
24 $24,923.14 $47,660.52 $360,335.39
25 $21,756.51 $50,827.15 $309,508.24
26 $18,379.48 $54,204.18 $255,304.07
27 $14,778.08 $57,805.58 $197,498.49
28 $10,937.40 $61,646.26 $135,852.23
29 $6,841.54 $65,742.12 $70,110.11
30 $2,473.54 $70,110.11 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Parsons Village Morristown, NJ


1500 sqft3900 sqft
Ø selling price$643,872$1,369,690
Ø fast selling$585,338$1,232,721
Ø high price sale$702,405$1,506,659

In 2026, houses in Parsons Village Morristown, NJ will be offered at an average price of $330 per square foot. A 1,500 sqft home priced at $643,872 is 24.72% more expensive per square foot than a 3,900 sqft home priced at $1,369,690. Home prices in Parsons Village Morristown, NJ vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $948,247. Sellers who can wait longer may achieve a higher price of up to $1,158,969.

FAQ – Home Values in Parsons Village Morristown

What is the median home value in Parsons Village Morristown in 2026?

In 2026, the typical home value in Parsons Village Morristown is about $961,959 for an average home size of 3137 square feet. This corresponds to an average price of roughly $330 per square foot.

What is the average cost per square foot in Parsons Village Morristown?

In 2026, homes in Parsons Village Morristown sell for an average of around $330 per square foot, with a typical range between $313.5 and $346.5 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Parsons Village?

The average home size in Parsons Village Morristown is about 3137 square feet, with an estimated 2026 value around $961,959.



Neighborhoods close to Parsons Village Morristown, NJ

Murray Hill New Providence, NJ402 $ / ft²
Hartley Farms New Vernon, NJ365 $ / ft²
Bee Meadow Whippany, NJ309 $ / ft²
Coventry Park Morris Plains, NJ287 $ / ft²
Mendham Commons Mendham, NJ250 $ / ft²
Downtown Madison Madison, NJ325 $ / ft²
  imprint  Privacy