Photo: Redjockey · CC BY 3.0104 homes sold in Parsippany in the last year, at a typical $716K
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 homes are listed.
Every place Parsippany 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.
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 100% of Parsippany’s sales, at a typical $696K (year to May 2026)
104 homes sold in the year to September 2026.
typical sale · 109 sold in the year to May 2026
- Per square foot
- $369NJ $331
- Days to sell
- 32
- Sold over asking
- 59%
- Listings with a price cut
- 17%
Fewer homes sell than before 2022, at 1.7 times the 2016 price
104 sales in the last year, against 190 in 2021 and a low of 92 in 2023. The typical sale went from $410K in 2016 to $716K.
Source: Redfin Data Center, MLS sales; from June 2026 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 $700K buys in Parsippany
Check a listing against what Parsippany 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 are more common than before the pandemic, but two thirds fewer homes come up for sale
We read every month of Parsippany’s home sales 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, 104 sales.
If you’re buying in Parsippany
- Shop in April. It brings about 16 new listings a month, close to the busiest month, with fewer bidding wars (47% over asking).
- Expect to bid over asking. Buyers paid 102.5% of the list price on average; 54% paid over.
- You’ll usually have time. Only 26% of homes go under contract within two weeks; the typical one takes 29 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 20 a month), and the most competition: 53% close over asking. April offers nearly as much choice with fewer homes bid up (47%). January has the least competition (34%) but only about 10 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and hotter than New Jersey
| Parsippany now | 2017–19 | 2021 peak | NJ now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 54% | 37% | 62% | 44% |
| Gone within two weeksShare of homes under contract within 14 days | 26% | 1% | 2% | 30% |
| Price paid vs. askingAverage sale price ÷ list price | 102.5% | 98.9% | 102.6% | 100.9% |
| Days to sellMedian days from listing to contract | 29 | 88 | 72 | 46 |
17 homes for sale on a typical day
That’s 2.2 times the 2023 low (8), 65% fewer than in 2017–19 and well under 2016’s 70.
Parsippany ranks 120th of 300 busy New Jersey markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Parsippany is in the middle of the pack.
Source: Redfin Data Center, city figures, January 2016 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Four things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 5.
Best time to buyTypical commute
The average one-way trip to work for people who live in Parsippany.
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.
Boonton sells for less a square foot
The busier markets within 25 miles of Parsippany, 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 | 104 | $716K | $369 | 54% | 29 |
| Whippany | 86 | $731K | $417 | 64% | 22 |
| Boonton | 81 | $680K | $356 | 64% | 27 |
| 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, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Parsippany. People who follow the town see it, and so do people comparing Parsippany with their own town. No commission, no listing fee.
Questions about buying a home in Parsippany
What do homes sell for in Parsippany, NJ?
104 homes sold in the year to September 2026 at a typical $716K, $369 a square foot.
Is Parsippany a buyer’s or seller’s market?
A seller’s market: 23 homes were for sale in September 2026 and 8 sold, about 2.8 months of supply. Buyers paid 102.5% of asking on average.
When is the best time to buy in Parsippany?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
Where can I see homes for sale in Parsippany?
Zillow, Redfin, Realtor.com and Homes.com all carry Parsippany’s MLS listings; the search links above open each one filtered to Parsippany.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 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).