Troy, MI Housing Market
The Troy housing market is very competitive. Homes in Troy receive 4 offers on average and sell in around 10 days. The median sale price of a home in Troy was $430K last month, up 6.0% 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 6.0% compared to last year, selling for a median price of $430K. On average, homes in Troy sell after 10 days on the market compared to 19 days last year. There were 68 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
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 12 days.
- Hot homescan sell for about 6% 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 1% above list price and go pending in around 16 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 1% below list price and go pending in around 20 days.
- Hot homescan sell for about 2% above list price and go pending in around 7 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 |
View houses in Troy that sold recently
Recently sold homes
- $559,000 Last Sold Price5 beds4.5 baths3,600 sq ft5181 Orchard Crst, Troy, MI 48085List Price$515,000Sale to List9% over listDays on Market14 days5181 Orchard Crst, Troy, MI 48085
- $505,000 Last Sold Price3 beds2.5 baths2,248 sq ft1321 Hollins Hall Ln, Troy, MI 48085List Price$499,000Sale to List1% over listDays on Market33 days1321 Hollins Hall Ln, Troy, MI 48085
- $860,000 Last Sold Price4 beds2.5 baths3,493 sq ft4881 Seasons Dr, Troy, MI 48098List Price$815,000Sale to List6% over listDays on Market40 days4881 Seasons Dr, Troy, MI 48098
- $373,000 Last Sold Price3 beds1.5 baths1,312 sq ft2651 Winter Dr, Troy, MI 48083List Price$349,900Sale to List7% over listDays on Market12 days2651 Winter Dr, Troy, MI 48083
- $255,000 Last Sold Price4 beds2 baths1,352 sq ft804 Robinwood Dr, Troy, MI 48083List Price$254,900Sale to List0% over listDays on Market69 days804 Robinwood Dr, Troy, MI 48083
- $500,500 Last Sold Price4 beds2.5 baths2,098 sq ft5882 Faircastle Dr, Troy, MI 48098(586) 281-2211List Price$464,900Sale to List8% over listDays on Market13 days5882 Faircastle Dr, Troy, MI 48098
- $525,000 Last Sold Price3 beds3.5 baths2,392 sq ft2869 Wagonwheel Dr, Troy, MI 48085List Price$539,900Sale to List3% under listDays on Market61 days2869 Wagonwheel Dr, Troy, MI 48085
- $700,000 Last Sold Price4 beds3 baths3,002 sq ft1615 Redbud Dr, Troy, MI 48098List Price$715,000Sale to List2% under listDays on Market67 days1615 Redbud Dr, Troy, MI 48098
See all recently sold homes in Troy.
See listings
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.
Flood Factor - Minor
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Minimal
Wind Factor
Heat Factor - Minor
Heat Factor
Transportation in Troy
Walk Score®
Bike Score®
More real estate resources for Troy
New Listings in Troy
Neighborhood Housing Markets
Zip Code Housing Markets
Nearby City Housing Markets
Neighborhood Listings
Zip Code Listings
Nearby City Listings
About us
Find us
Subsidiaries
Copyright: © 2024 Redfin. All rights reserved.
Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.
Do not sell or share my personal information.
REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.
California DRE #01521930
Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures
New Mexico Real Estate Licenses
TREC: Info About Brokerage Services, Consumer Protection Notice
If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.
REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.