Comprehensive market data and analysis• Updated Oct 2026
1.5 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 1 | 1 |
| 1-2 acres | - | - | 1 | 1 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | 1 |
| 10-20 acres | - | 1 | 1 | 1 |
| 20-50 acres | - | - | 1 | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 2 | 4 | 5 |
Acreage buckets
The median price for land in Parsippany, New Jersey is currently $2.1M per acre. For a typical parcel, the median sale price is $970K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $308K while premium lots reached $1.3M.
Parsippany, New Jersey is currently a very hot seller's market with 1.5 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
Parsippany, New Jersey currently has 1.5 months of inventory supply. This indicates a very hot seller's market. Low supply means competition for available properties is high.
The current absorption rate in Parsippany, New Jersey is 66.7% (3-month basis), indicating strong demand.
Over the past 12 months, Parsippany, New Jersey saw 28 properties sold, totaling $88.1M in sales volume. In just the last 3 months, 4 properties changed hands.
There are currently 2 active listings in Parsippany, New Jersey. 2 new listings have hit the market in the last 90 days. The median asking price is $525K.
The median land price in Parsippany, New Jersey stands at $970K. This translates to roughly $2.1M per acre for the typical parcel size. The average price is $3.1M, indicating some higher-priced properties pulling up the average.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Parsippany on LandyDandy.
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