Property prices for sale in Parsippany (New Jersey)

The price per sq.feet in Parsippany has fallen in the last 6 months. In October, the average price per sq.feet was $370. In the following month the price per sq.feet increased to $391. In the following two months the price per sq.feet has barely changed, going from $380.5 to $374 per sq.feet. The price per sq.feet has had a considerable deflation of 77 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $377.25 to $290 during February, and March.

Based upon to the price in Parsippany (cities), this has gone up considerably in the last 6 months. The average price for October is $704,213. During November the price had a slight fall till $664,100. During the following two months (December, January) the average price had a considerable increase of 174 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $937,111.5 to $648,566, which means a 69 % fall.

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $463,835 they are 62 % more affordable than the average price for Parsippany. The properties with the highest average price have 4 bedrooms, Their price is 31 % more costly than the average. After that we have properties with 2 bedrooms priced at $492,542.

With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $229 / sq.feet, with an average $247 / sq.feet price in Parsippany. The properties with the highest average prices have 3 bedrooms. They are 12866 % more expensive than the average followed by properties with 1 bedroom with a price at $9,390 / sq.feet.

The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $463,835 it is 60 % cheaper than the average price in Parsippany. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Office". At a price of $509,615 it is 13 % more expensive than the average price.

According to the average cost per sq.feet, the most expensive property type would be "Office" at an average cost of $6,507 / sq.feet followed by "House" priced at $8,132 / sq.feet. "Townhouse" is the most costly type of property with a $84,317 / sq.feet cost followed by "Apartment" with an average price of $28,891 / sq.feet.