Unshakable ZIP Data 07054 | Parsippany, NJ Housing Market
Parsippany · Morris County · New York-Newark-Jersey City, NY-NJ-PA metro · New Jersey · Data updated June 19, 2026
The median sale price in ZIP 07054, Parsippany, New Jersey is $782,268 at $362 per square foot. 31 single-family homes sold in the latest period, down 6.4 percent from a year earlier. Homes sit a median of 21 days on market with 2.3 months of supply. Sellers are getting 104.4 percent of list price and 70.0 percent of homes sold above asking.
Seller's market. No room for sloppy offers.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $748,964 | |
| Average price per sq ft | $347 | |
| Median sale price | $782,268 | |
| Median sale price per sq ft | $362 | |
| Median home size | 2,160 sq ft | |
| Median new listing price | $750,584 | +1.5% |
| National size rank | 3,777 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 31 | -6.4% |
| Median days on market | 21 days | |
| Months of supply | 2.3 months | |
| New listings | 48 | -4.6% |
| Active listings | 67 | -0.2% |
| Pending sales | 44 | +3.8% |
Pricing power
| Metric | Value | Year over year |
|---|---|---|
| Average sale-to-list ratio | 104.4% | -0.4 pts |
| Share sold above list | 70.0% | +3.4 pts |
Bedroom value anchors
Average values by bedroom count. Value anchors for orientation, not appraisals.
2-bedroom
$529,514
3-bedroom
$699,568
4-bedroom
$825,293
5-bedroom
$914,309
These figures describe the single-family market for Parsippany, New Jersey ZIP 07054. They are market context, not a substitute for sold comps or a formal appraisal.