Housing in Parsippany, NJ
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$770,500
Median List Price
$640,000
Price Per Sq Ft
$393
Days on Market
63
Active Inventory
10
Months of Supply
1.4
Seller's market
Zillow Rent Index
$2,700
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
57.1%
Off Market in 2 Weeks
20.0%
Sale-to-List Ratio
105.5%
Seller's market
Market Activity
Source: RedfinHomes Sold
7
New Listings
8
Pending Sales
5
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$393
Median List $/SF
$348
Parsippany vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Parsippany is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$540,800
Median Rent
$1,732
Total Housing Units
9,331
Vacancy Rate
3.3%
Owner Occupied
49.3%
Renter Occupied
50.7%
Median Property Tax
$10,001
per year
Monthly Cost (w/ Mortgage)
$2,444
Housing Types
The current median sale price in Parsippany, NJ is $770,500 according to Redfin data. Homes spend a median of 63 days on the market. 57.1% of homes sold above asking price. The market has 1.4 months of supply. The median price per square foot is $393. Zillow's observed rent index is $2,700/month. About 49.3% of housing units are owner-occupied. The median year homes were built is 1968. There are 9,331 total housing units.