Comprehensive market data and analysis• Updated Dec 2025
0.6 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 3 |
| 1-2 acres | - | 1 | 1 | 1 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | 1 | 1 | 1 |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 2 | 2 | 6 |
Acreage buckets
The median price for land in Parsippany, New Jersey is currently $613K per acre. For a typical parcel, the median sale price is $391K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $300K while premium lots reached $1.1M.
Parsippany, New Jersey is currently a very hot seller's market with 0.6 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
Parsippany, New Jersey currently has 0.6 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 166.7% (3-month basis), indicating strong demand.
Land in Parsippany, New Jersey typically sells within 53 days of listing. The median time on market is 53 days. Properties are moving quickly in the current very hot seller's market.
Over the past 12 months, Parsippany, New Jersey saw 33 properties sold, totaling $39.1M in sales volume. In just the last 3 months, 5 properties changed hands.
There are currently 1 active listings in Parsippany, New Jersey. 1 new listings have hit the market in the last 90 days. The median asking price is $599K.
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. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.