Why Live in Parsippany-Troy Hills
Parsippany, located in Parsippany-Troy Hills, is a neighborhood rich in history and modern amenities. The area features a mix of Revolutionary-era farmhouses, midcentury Cape Cods, ranches, and split-level homes, as well as newer constructions from the 2010s and 2020s. These homes range from smaller cottages near Lake Hiawatha to expansive properties with contemporary features. Parsippany is home to highly rated schools, including Lake Parsippany Elementary School, Brooklawn Middle School, and Parsippany Hills High, which attract many families to the area. The neighborhood offers a variety of things to do, with over 30 parks such as Veterans Memorial Park and recreational spots like Lake Parsippany and the Knoll Country Club. The Stickley Museum at Craftsman Farms provides a historical touch with tours of its 30-acre site. Shopping and dining options are abundant, from big-box retailers along major highways to local restaurants and grocery stores like Patel Brothers and Delight Big Bazaar. Commuters benefit from convenient access to Route 46, Interstate 80, and public transportation options, including bus and train services to Manhattan. Parsippany is safer than the national average, making it a practical choice for potential homebuyers.
Home Trends in Parsippany-Troy Hills, NJ
On average, homes in Parsippany-Troy Hills, NJ sell after 30 days on the market compared to the national average of 51 days. The median sale price for homes in Parsippany-Troy Hills, NJ over the last 12 months is $635,000, up 9% from the median home sale price over the previous 12 months.
Median Sale Price
$635,000
Median Single Family Sale Price
$655,000
Median Townhouse Sale Price
$859,990
Median 2 Bedroom Sale Price
$299,000
Median 1 Bedroom Sale Price
$252,500
Average Price Per Sq Ft
$383
Number of Homes for Sale
58
Last 12 months Home Sales
472
Median List Price
$640,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
9%