House Prices

Lake Parsippany Parsippany, NJ House Prices & Home Values 2026


Average Data

average house price$519,711
average size per house1993 ft²
average price per ft²237 $ / ft²

04/05/2026 - The value range (VR) for house prices in Lake Parsippany Parsippany, NJ is $225.15/ sqft to $248.85/ sqft. An average home with 1993 sqft costs approximately $406,993 to $449,834. 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 $237. Our analysis is based on 7 property listings.

Avergage prices by ZIP codes Lake Parsippany Parsippany

07054240 $ / ft²




Historical development of home values in Lake Parsippany Parsippany

Year Estimated value (USD) Change vs. 2025
2010 $241,363 -53.6%
2011 $232,030 -55.4%
2012 $231,405 -55.5%
2013 $240,054 -53.8%
2014 $251,991 -51.5%
2015 $264,924 -49.0%
2016 $278,749 -46.4%
2017 $293,795 -43.5%
2018 $310,037 -40.3%
2019 $324,413 -37.6%
2020 $341,184 -34.4%
2021 $388,060 -25.3%
2022 $452,390 -13.0%
2023 $477,067 -8.2%
2024 $504,666 -2.9%
2025 $519,711 0.0%

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



Example: 100% financing house in Lake Parsippany Parsippany

Loan amount: $519,711

Interest rate: 5.44%

Fixed monthly payment: $2,931.98

Breakdown in the 1st month:
Interest portion: $2,356.89  –  Principal portion: $575.09

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $28,107.91 $7,075.81 $512,635.19
2 $27,713.10 $7,470.63 $505,164.55
3 $27,296.25 $7,887.48 $497,277.07
4 $26,856.14 $8,327.59 $488,949.49
5 $26,391.48 $8,792.25 $480,157.24
6 $25,900.89 $9,282.84 $470,874.40
7 $25,382.92 $9,800.80 $461,073.60
8 $24,836.06 $10,347.67 $450,725.93
9 $24,258.68 $10,925.05 $439,800.88
10 $23,649.08 $11,534.65 $428,266.23
11 $23,005.47 $12,178.26 $416,087.97
12 $22,325.95 $12,857.78 $403,230.19
13 $21,608.51 $13,575.22 $389,654.96
14 $20,851.03 $14,332.69 $375,322.27
15 $20,051.30 $15,132.43 $360,189.84
16 $19,206.94 $15,976.79 $344,213.04
17 $18,315.46 $16,868.27 $327,344.78
18 $17,374.24 $17,809.48 $309,535.29
19 $16,380.51 $18,803.22 $290,732.07
20 $15,331.32 $19,852.40 $270,879.67
21 $14,223.60 $20,960.13 $249,919.54
22 $13,054.06 $22,129.67 $227,789.87
23 $11,819.27 $23,364.46 $204,425.41
24 $10,515.58 $24,668.15 $179,757.26
25 $9,139.14 $26,044.59 $153,712.67
26 $7,685.90 $27,497.83 $126,214.85
27 $6,151.58 $29,032.15 $97,182.69
28 $4,531.64 $30,652.09 $66,530.60
29 $2,821.31 $32,362.42 $34,168.18
30 $1,015.55 $34,168.18 $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 Lake Parsippany Parsippany, NJ


1500 sqft3900 sqft
Ø selling price$390,151$829,957
Ø fast selling$354,683$746,962
Ø high price sale$425,619$912,953

In 2026, houses in Lake Parsippany Parsippany, NJ will be offered at an average price of $237 per square foot. A 1,500 sqft home priced at $390,151 is 20.86% more expensive per square foot than a 3,900 sqft home priced at $829,957. Home prices in Lake Parsippany Parsippany, 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 $574,586. Sellers who can wait longer may achieve a higher price of up to $702,272.

FAQ – Home Values in Lake Parsippany Parsippany

What is the median home value in Lake Parsippany Parsippany in 2026?

In 2026, the typical home value in Lake Parsippany Parsippany is about $519,711 for an average home size of 1993 square feet. This corresponds to an average price of roughly $237 per square foot.

What is the average cost per square foot in Lake Parsippany Parsippany?

In 2026, homes in Lake Parsippany Parsippany sell for an average of around $237 per square foot, with a typical range between $225.15 and $248.85 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Lake Parsippany?

The average home size in Lake Parsippany Parsippany is about 1993 square feet, with an estimated 2026 value around $519,711.



Neighborhoods close to Lake Parsippany Parsippany, NJ

Passaic Park Passaic, NJ202 $ / ft²
Mount Bethel Warren, NJ228 $ / ft²
Downtown Rahway Rahway, NJ254 $ / ft²
Gregory West Orange, NJ209 $ / ft²
Seven Oaks Orange, NJ199 $ / ft²
Bergenwood North Bergen, NJ387 $ / ft²
  imprint  Privacy