Troy, MI
Housing market overview · Updated weekly
$404,500median sale price
Homes sold
40
Last 12 weeks
Days on market
19
Fast-moving
Active listings
111
2.8 months supply
Sale-to-list
99.8%
Below asking
The Troy housing market is currently classified as a seller's market with a median sale price of $404,500. Prices have fallen 7.7% compared to last year, with homes spending an average of 19 days on market, indicating 2.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Troy?
The median home sale price in Troy is $404,500, down 7.7% from last year.
How long do homes stay on market in Troy?
Homes typically spend 19 days on market before going under contract.
Is Troy a buyer's or seller's market?
With 2.8 months of supply, Troy is currently a seller's market.
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