Troy, MI Housing Market
The Troy housing market is most competitive. Homes in Troy receive 3 offers on average and sell in around 10 days. The median sale price of a home in Troy was $431K last month, up 6.4% since last year. The median sale price per square foot in Troy is $235, up 13.0% since last year.
Troy Housing Market Trends
In April 2024, Troy home prices were up 6.4% compared to last year, selling for a median price of $431K. On average, homes in Troy sell after 10 days on the market compared to 19 days last year. There were 69 homes sold in April this year, up from 51 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Troy housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 3% above list price and go pending in around 11 days.
- Hot homescan sell for about 7% above list price and go pending in around 5 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 13 days.
- Hot homescan sell for about 5% above list price and go pending in around 6 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 9 days.
- Hot homescan sell for about 6% above list price and go pending in around 5 days.
Troy Migration & Relocation Trends
- Across the nation, 0.73% of homebuyers searched to move into Troy from outside metros.
- Los Angeles homebuyers searched to move into Troy more than any other metro followed by Washington and New York.
- 78% of Troy homebuyers searched to stay within the Troy metropolitan area.
- Cape Coral was the most popular destination among Troy homebuyers followed by Grand Rapids and Saginaw.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 369 | ||
2 | 345 | ||
3 | 322 | ||
4 | 287 | ||
5 | 205 | ||
6 | 137 | ||
7 | 94 | ||
8 | 92 | ||
9 | 79 | ||
10 | 68 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 258 | ||
2 | 183 | ||
3 | 145 | ||
4 | 141 | ||
5 | 113 | ||
6 | 112 | ||
7 | 103 | ||
8 | 81 | ||
9 | 81 | ||
10 | 69 |
Home offer insights for Troy
Recent offers
- Offer Not Accepted|5 Weeks Ago~$425K OfferSold for $450K4 bd | 2.5 ba | ~1,750 sqftOver List Price1%Days on Market6Competing Offers4Down Payment—
- Offer Not Accepted|6 Weeks Ago~$475K OfferSold for $500K4 bd | 2.5 ba | ~2,250 sqftUnder List Price3%Days on Market10Competing Offers5Down Payment—
View houses in Troy that sold recently
Recently sold homes
- $370,000 Last Sold Price3 beds1.5 baths1,570 sq ft2639 Trailwood Dr, Troy, MI 48083List Price$325,000Sale to List14% over listDays on Market27 days2639 Trailwood Dr, Troy, MI 48083
- $415,000 Last Sold Price3 beds1.5 baths1,817 sq ft1444 Lila St, Troy, MI 48085(248) 764-0374List Price$389,900Sale to List6% over listDays on Market36 days1444 Lila St, Troy, MI 48085
- $668,000 Last Sold Price4 beds3.5 baths2,787 sq ft6644 Hill Top Dr, Troy, MI 48098List Price$679,900Sale to List2% under listDays on Market35 days6644 Hill Top Dr, Troy, MI 48098
- $410,000 Last Sold Price3 beds2 baths1,512 sq ft6108 Herbmoor St, Troy, MI 48098List Price$410,000Sale to List0% over listDays on Market41 days6108 Herbmoor St, Troy, MI 48098
- $383,500 Last Sold Price2 beds2.5 baths1,700 sq ft2913 E Square Lake Ct, Troy, MI 48085List Price$399,900Sale to List4% under listDays on Market35 days2913 E Square Lake Ct, Troy, MI 48085
- $352,000 Last Sold Price2 beds2.5 baths1,969 sq ft3290 Camden Dr, Troy, MI 48084List Price$358,000Sale to List2% under listDays on Market58 days3290 Camden Dr, Troy, MI 48084
- $652,851 Last Sold Price2 beds2 baths1,834 sq ft2368 Pondview Ln, Troy, MI 48085List Price$647,135Sale to List1% over listDays on Market313 days2368 Pondview Ln, Troy, MI 48085
- $490,000 Last Sold Price3 beds2.5 baths2,228 sq ft5295 Falmouth Dr Dr, Troy, MI 48085(586) 615-2868List Price$449,900Sale to List9% over listDays on Market28 days5295 Falmouth Dr Dr, Troy, MI 48085
See all recently sold homes in Troy.
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Schools in Troy
- Elementary
- Middle
- High
GreatSchools Rating
10/10 Wattles Elementary School Public • K-5 | 417 Students | 6 reviews |
9/10 Bemis Elementary School Public • K-5 | 509 Students | 7 reviews |
9/10 Wass Elementary School Public • K-5 | 406 Students | 13 reviews |
9/10 Harlan Elementary School Public • K-5 | 383 Students | 8 reviews |
9/10 Leonard Elementary School Public • K-5 | 429 Students | 4 reviews |
Climate's impact on Troy housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Troy.
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Heat Factor - Minor
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Transportation in Troy
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