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 9 days.
- Hot homescan sell for about 8% 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 8 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|6 Weeks Ago~$425K OfferSold for $450K4 bd | 2.5 ba | ~1,750 sqftOver List Price1%Days on Market6Competing Offers4Down Payment—
- Offer Not Accepted|7 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
- $260,000 Last Sold Price—beds—baths—sq ft0 John R Rd, Troy, MI 48084(586) 949-8300List Price$649,899Sale to List60% under listDays on Market78 days0 John R Rd, Troy, MI 48084
- $444,000 Last Sold Price4 beds3 baths1,892 sq ft2103 Atlas Dr, Troy, MI 48083List Price$399,900Sale to List11% over listDays on Market28 days2103 Atlas Dr, Troy, MI 48083
- $710,000 Last Sold Price4 beds3 baths2,635 sq ft1275 Country Dr, Troy, MI 48098List Price$648,000Sale to List10% over listDays on Market41 days1275 Country Dr, Troy, MI 48098
- $480,000 Last Sold Price4 beds2.5 baths2,009 sq ft3749 Kings Point Dr, Troy, MI 48083List Price$450,000Sale to List7% over listDays on Market48 days3749 Kings Point Dr, Troy, MI 48083
- $680,000 Last Sold Price4 beds3 baths2,674 sq ft2218 OAKWOOD Dr, Troy, MI 48085 3892(248) 813-4900List Price$625,000Sale to List9% over listDays on Market36 days2218 OAKWOOD Dr, Troy, MI 48085 3892
- $210,000 Last Sold Price2 beds0.5 baths672 sq ft2790 Wisconsin Rd, Troy, MI 48083List Price$210,000Sale to List0% over listDays on Market0 days2790 Wisconsin Rd, Troy, MI 48083
- $503,000 Last Sold Price3 beds2.5 baths2,360 sq ft6809 Forest Park Dr, Troy, MI 48098List Price$475,000Sale to List6% over listDays on Market26 days6809 Forest Park Dr, Troy, MI 48098
- $880,000 Last Sold Price4 beds4 baths3,059 sq ft1428 Bradbury Dr, Troy, MI 48098List Price$799,000Sale to List10% over listDays on Market13 days1428 Bradbury Dr, Troy, MI 48098
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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Wind Factor - Minimal
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Heat Factor - Minor
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Transportation in Troy
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