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.
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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 14 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 |
View houses in Troy that sold recently
Recently sold homes
- $210,000 Last Sold Price3 beds1 bath1,182 sq ft213 Hickory Dr, Troy, MI 48083List Price$220,000Sale to List5% under listDays on Market58 days213 Hickory Dr, Troy, MI 48083
- $470,000 Last Sold Price3 beds3.5 baths1,788 sq ft2739 Knight Dr, Troy, MI 48085List Price$449,900Sale to List4% over listDays on Market33 days2739 Knight Dr, Troy, MI 48085
- $480,000 Last Sold Price2 beds3 baths1,980 sq ft1293 Alameda Blvd, Troy, MI 48085List Price$489,900Sale to List2% under listDays on Market12 days1293 Alameda Blvd, Troy, MI 48085
- $586,486 Last Sold Price3 beds2.5 baths2,200 sq ft1197 Kinlock Dr, Troy, MI 48098List Price$553,800Sale to List6% over listDays on Market47 days1197 Kinlock Dr, Troy, MI 48098
- $650,000 Last Sold Price4 beds3 baths3,180 sq ft2399 Hidden Pine Dr, Troy, MI 48098List Price$660,000Sale to List2% under listDays on Market36 days2399 Hidden Pine Dr, Troy, MI 48098
- $1,130,000 Last Sold Price5 beds5 baths5,287 sq ft5713 Greenhill Dr, Troy, MI 48098List Price$1,275,000Sale to List11% under listDays on Market33 days5713 Greenhill Dr, Troy, MI 48098
- $138,000 Last Sold Price1 bed1 bath868 sq ft1942 Axtell Dr #6, Troy, MI 48084List Price$120,000Sale to List15% over listDays on Market25 days1942 Axtell Dr #6, Troy, MI 48084
- $480,000 Last Sold Price3 beds2.5 baths1,754 sq ft5366 Crowfoot Dr, Troy, MI 48085List Price$449,900Sale to List7% over listDays on Market37 days5366 Crowfoot 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.
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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