Troy, MI Housing Market
The Troy housing market is very competitive. Homes in Troy receive 2 offers on average and sell in around 17 days. The median sale price of a home in Troy was $378K last month, down 1.8% since last year. The median sale price per square foot in Troy is $219, up 9.8% since last year.
Troy Housing Market Trends
In March 2024, Troy home prices were down 1.8% compared to last year, selling for a median price of $378K. On average, homes in Troy sell after 17 days on the market compared to 20 days last year. There were 51 homes sold in March this year, down from 58 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 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 around list price and go pending in around 17 days.
- Hot homescan sell for about 4% above list price and go pending in around 7 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
- Some homes get multiple offers.
- The average homes sell for about 2% below list price and go pending in around 22 days.
- Hot homescan sell for about 1% above list price and go pending in around 7 days.
Troy Migration & Relocation Trends
- Across the nation, 0.75% 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.
- 79% 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 Miami.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 397 | ||
2 | 367 | ||
3 | 343 | ||
4 | 335 | ||
5 | 271 | ||
6 | 173 | ||
7 | 107 | ||
8 | 90 | ||
9 | 68 | ||
10 | 65 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 246 | ||
2 | 158 | ||
3 | 143 | ||
4 | 136 | ||
5 | 133 | ||
6 | 128 | ||
7 | 107 | ||
8 | 101 | ||
9 | 101 | ||
10 | 93 |
Home offer insights for Troy
Recent offers
View houses in Troy that sold recently
Recently sold homes
- $364,000 Last Sold Price3 beds1.5 baths1,265 sq ft3773 Anvil Dr, Troy, MI 48083List Price$325,000Sale to List12% over listDays on Market11 days3773 Anvil Dr, Troy, MI 48083
- $868,000 Last Sold Price4 beds3.5 baths2,868 sq ft5557 Whitfield Ct, Troy, MI 48098List Price$799,900Sale to List9% over listDays on Market31 days5557 Whitfield Ct, Troy, MI 48098
- $680,000 Last Sold Price4 beds3 baths2,596 sq ft3598 Finch Dr, Troy, MI 48084List Price$639,900Sale to List6% over listDays on Market13 days3598 Finch Dr, Troy, MI 48084
- $460,000 Last Sold Price4 beds2.5 baths1,884 sq ft2481 Wexford Dr, Troy, MI 48084List Price$475,000Sale to List3% under listDays on Market24 days2481 Wexford Dr, Troy, MI 48084
- $268,500 Last Sold Price2 beds2.5 baths1,157 sq ft1720 Brentwood Dr, Troy, MI 48098List Price$268,500Sale to List0% over listDays on Market39 days1720 Brentwood Dr, Troy, MI 48098
- $462,500 Last Sold Price4 beds3.5 baths2,057 sq ft1223 Chaucer Dr, Troy, MI 48083List Price$434,900Sale to List6% over listDays on Market34 days1223 Chaucer Dr, Troy, MI 48083
- $391,500 Last Sold Price3 beds2.5 baths1,864 sq ft2526 Portobello Dr, Troy, MI 48083List Price$374,900Sale to List4% over listDays on Market40 days2526 Portobello Dr, Troy, MI 48083
- $282,500 Last Sold Price2 beds2 baths1,316 sq ft1007 Alameda Blvd, Troy, MI 48085List Price$279,900Sale to List1% over listDays on Market62 days1007 Alameda Blvd, Troy, MI 48085
See all recently sold homes in Troy.
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Schools in Troy
- Elementary
- Middle
- High
GreatSchools Rating
10/10 Schroeder Elementary School Public • K-5 | 528 Students | 7 reviews |
10/10 Hamilton Elementary School Public • K-5 | 517 Students | 9 reviews |
9/10 Hill Elementary School Public • K-5 | 346 Students | 9 reviews |
9/10 Wass Elementary School Public • K-5 | 421 Students | 13 reviews |
9/10 Martell Elementary School Public • K-5 | 441 Students | 15 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®
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