Photo: Redjockey · CC BY 3.0154 homes sold in Parsippany-Troy Hills Township in the last year, at a typical $751K
Redfin reports Parsippany-Troy Hills Township’s sales by ZIP code, so these figures are for ZIP 07054, which takes in Parsippany-Troy Hills Township and the area around it. Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Parsippany-Troy Hills Township homes are listed.
Every place Parsippany-Troy Hills Township homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Parsippany-Troy Hills Township.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 98% of Parsippany-Troy Hills Township’s sales, at a typical $721K (year to May 2026)
154 homes sold in the year to September 2026.
typical sale · 149 sold in the year to May 2026
- Per square foot
- $371NJ $331
- Days to sell
- 25
- Sold over asking
- 64%
Fewer homes sell than before 2022, at 1.8 times the 2016 price
154 sales in the last year, against 241 in 2021 and a low of 134 in 2023. The typical sale went from $429K in 2016 to $751K.
Source: Redfin Data Center, MLS sales; for ZIP 07054, which takes in Parsippany-Troy Hills Township and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $750K buys in Parsippany-Troy Hills Township
Check a listing against what Parsippany-Troy Hills Township homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Parsippany-Troy Hills Township are more common than before the pandemic, but 62% fewer homes come up for sale
We read every month of home sales in ZIP 07054 since 2016 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 154 sales.
If you’re buying in Parsippany-Troy Hills Township
- Shop in September. It brings about 20 new listings a month, close to the busiest month, with fewer bidding wars (50% over asking).
- Expect to bid over asking. Buyers paid 102.7% of the list price on average; 58% paid over.
- You’ll usually have time. Only 26% of homes go under contract within two weeks; the typical one takes 27 days.
Summer brings both the most homes and the most bidding wars
July has the most new listings (about 24 a month), but June is the most competitive: 54% of June sales close over asking. August and September offer nearly as much choice with fewer homes bid up (51%). February has the least competition (40%) but only about 12 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and hotter than New Jersey
| Parsippany-Troy Hills Township now | 2017–19 | 2021 peak | NJ now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 58% | 36% | 60% | 44% |
| Gone within two weeksShare of homes under contract within 14 days | 26% | 2% | 2% | 30% |
| Price paid vs. askingAverage sale price ÷ list price | 102.7% | 99% | 102.4% | 100.9% |
| Days to sellMedian days from listing to contract | 27 | 83 | 71 | 46 |
25 homes for sale on a typical day
That’s twice the 2023 low (13), 62% fewer than in 2017–19 and well under 2016’s 84.
Source: Redfin Data Center, ZIP code tracker; for ZIP 07054, which takes in Parsippany-Troy Hills Township and the area around it (each month is a 3-month rolling window, its counts divided by 3), January 2016 to September 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Five things worth knowing
New listings in July
The month with the most choice. January has the fewest, about 11.
Best time to buySchools
The schools grade for Parsippany-Troy Hills Township, from test results, graduation and how much students grow.
Schools in Parsippany-Troy Hills TownshipTypical commute
The average one-way trip to work for people who live in Parsippany-Troy Hills Township.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot
The busier markets within 25 miles of Parsippany-Troy Hills Township, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Parsippany-Troy Hills Township (ZIP 07054) | 154 | $751K | $373 | 58% | 27 |
| Parsippany | 104 | $716K | $369 | 54% | 29 |
| Whippany | 86 | $731K | $417 | 64% | 22 |
| Lake Hiawatha | 76 | $537K | $384 | 60% | 26 |
| Mountain Lakes | 52 | $1.2M | $424 | 53% | 29 |
| Troy Hills | 42 | $843K | $379 | 66% | 30 |
| Mount Tabor | 20 | $562K | $381 | 88% | 17 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Parsippany-Troy Hills Township, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Parsippany-Troy Hills Township. People who follow the town see it, and so do people comparing Parsippany-Troy Hills Township with their own town. No commission, no listing fee.
Questions about buying a home in Parsippany-Troy Hills Township
What do homes sell for in Parsippany-Troy Hills Township, NJ?
154 homes sold in the year to September 2026 at a typical $751K, $373 a square foot.
Is Parsippany-Troy Hills Township a buyer’s or seller’s market?
A seller’s market: 32 homes were for sale in September 2026 and 14 sold, about 2.2 months of supply. Buyers paid 102.7% of asking on average.
When is the best time to buy in Parsippany-Troy Hills Township?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
Where can I see homes for sale in Parsippany-Troy Hills Township?
Zillow, Redfin, Realtor.com and Homes.com all carry Parsippany-Troy Hills Township’s MLS listings; the search links above open each one filtered to Parsippany-Troy Hills Township.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 07054, which takes in Parsippany-Troy Hills Township and the area around it (each month is a 3-month rolling window, its counts divided by 3)). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).