House Prices

House Prices & Home Values Parsippany, NJ 2026


Average Data

average house price$573,000
average size per house2197 ft²
average price per ft²261 $ / ft²

04/05/2026 - The value range (VR) for house prices in Parsippany, NJ is $264/ sqft to $264/ sqft. An average home with 2197 sqft costs approximately $580,008 to $580,008. Parsippany, NJ includes 1 ZIP codes and it is located in Morris county. The lowest prices are found in ZIP 07054, while the highest are in ZIP 07054. The average price per sqare feet is $261. Our analysis is based on 203 property listings.

Avergage prices by ZIP codes Parsippany

07054248 $ / ft²


House prices by neighborhoods in Parsippany

Arbor Village291 $ / ft²
Avalon Parsippany248 $ / ft²
Baldwin Oaks271 $ / ft²
Beverwyck252 $ / ft²
Eastlake281 $ / ft²
Glacier Hills247 $ / ft²
Intervale290 $ / ft²
Jamestown Village258 $ / ft²
Knoll Gardens241 $ / ft²
Lake Parsippany240 $ / ft²
Lakeview Gardens282 $ / ft²
Littleton286 $ / ft²
Mazdabrook Commons276 $ / ft²
Meadowbrook279 $ / ft²
Northvail263 $ / ft²
Parsippany Gardens274 $ / ft²
Rainbow Lakes251 $ / ft²
Redstone Gardens248 $ / ft²
Rockaway Meadow276 $ / ft²
Sedgefield267 $ / ft²
Society Hill at Parsippany262 $ / ft²
Sun Valley283 $ / ft²
The Knoll243 $ / ft²
Troy Hills257 $ / ft²
Troy Hills Village269 $ / ft²
Vail Gardens276 $ / ft²
Vail Manor263 $ / ft²
Watersedge276 $ / ft²




Historical development of home values in Parsippany

Year Estimated value (USD) Change vs. 2025
2010 $266,112 -53.6%
2011 $255,821 -55.4%
2012 $255,132 -55.5%
2013 $264,668 -53.8%
2014 $277,829 -51.5%
2015 $292,088 -49.0%
2016 $307,331 -46.4%
2017 $323,919 -43.5%
2018 $341,827 -40.3%
2019 $357,677 -37.6%
2020 $376,167 -34.4%
2021 $427,850 -25.3%
2022 $498,777 -13.0%
2023 $525,983 -8.2%
2024 $556,412 -2.9%
2025 $573,000 0.0%

Graph: estimated home values in Parsippany over time (USD)



Example: 100% financing house in Parsippany

Loan amount: $573,000

Interest rate: 6.00%

Fixed monthly payment: $3,435.42

Breakdown in the 1st month:
Interest portion: $2,865.00  –  Principal portion: $570.42

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $34,188.59 $7,036.51 $565,963.49
2 $33,754.59 $7,470.50 $558,492.99
3 $33,293.83 $7,931.27 $550,561.72
4 $32,804.64 $8,420.45 $542,141.27
5 $32,285.29 $8,939.81 $533,201.46
6 $31,733.90 $9,491.19 $523,710.27
7 $31,148.50 $10,076.59 $513,633.68
8 $30,527.00 $10,698.09 $502,935.59
9 $29,867.17 $11,357.93 $491,577.66
10 $29,166.64 $12,058.46 $479,519.20
11 $28,422.90 $12,802.20 $466,717.01
12 $27,633.28 $13,591.81 $453,125.20
13 $26,794.97 $14,430.12 $438,695.07
14 $25,904.95 $15,320.14 $423,374.93
15 $24,960.04 $16,265.05 $407,109.88
16 $23,956.85 $17,268.25 $389,841.63
17 $22,891.78 $18,333.31 $371,508.32
18 $21,761.02 $19,464.07 $352,044.24
19 $20,560.52 $20,664.57 $331,379.67
20 $19,285.97 $21,939.12 $309,440.55
21 $17,932.82 $23,292.28 $286,148.27
22 $16,496.20 $24,728.89 $261,419.38
23 $14,970.98 $26,254.12 $235,165.26
24 $13,351.68 $27,873.41 $207,291.85
25 $11,632.51 $29,592.59 $177,699.26
26 $9,807.30 $31,417.79 $146,281.47
27 $7,869.52 $33,355.57 $112,925.89
28 $5,812.22 $35,412.87 $77,513.02
29 $3,628.03 $37,597.06 $39,915.96
30 $1,309.13 $39,915.96 $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 Parsippany, NJ


1500 sqft3900 sqft
Ø selling price$473,716$1,007,722
Ø fast selling$430,651$906,949
Ø high price sale$516,781$1,108,494

In 2026, houses in Parsippany, NJ will be offered at an average price of $261 per square foot. A 1,500 sqft home priced at $473,716 is 21.57% more expensive per square foot than a 3,900 sqft home priced at $1,007,722. Home prices in Parsippany, NJ vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $697,653. Sellers who can wait longer may achieve a higher price of up to $852,688.

FAQ – Home Values in Parsippany

What is the median home value in Parsippany in 2026?

In 2026, the typical home value in Parsippany is about $573,000 for an average home size of 2197 square feet. This corresponds to an average price of roughly $261 per square foot.

What is the average cost per square foot in Parsippany?

In 2026, homes in Parsippany sell for an average of around $261 per square foot, with a typical range between $264 and $264 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Parsippany is about 2197 square feet, with an estimated 2026 value around $573,000.



Locations close to Parsippany, NJ

Passaic, NJ206 $ / ft²
Wallington, NJ268 $ / ft²
Pine Brook, NJ256 $ / ft²
West Orange, NJ218 $ / ft²
Orange, NJ195 $ / ft²
North Bergen, NJ367 $ / ft²
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