Is Troy, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Troy has remained a Seller's Market.
Housing Prices in Troy, OH
How much do homes in Troy, OH cost?
Median Sold Price
$260,447
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Troy was $260,447 in April 2024, up 17.1% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $42K | $64.5K | +53.6% |
2 Bedrooms | $129.9K | $159.2K | +22.6% |
3 Bedrooms | $210K | $250K | +19.0% |
4 Bedrooms | $338.1K | $350K | +3.5% |
5+ Bedrooms | $327K | $480K | +46.8% |
Summary: Troy housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.6%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 46.8%.
Median Sold Price Compared To Nearby Cities
Troy | $222.5K | $260.4K | +17.1% |
Concord Township | $225K | $250K | +11.1% |
Housing Supply in Troy, OH
How many homes are available in Troy, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
88 | 97 | +10.2% |
Summary: The Troy real estate market had 97 homes for sale in April 2024, a 10.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 12 | -14.3% |
3 Bedrooms | 40 | 49 | +22.5% |
4 Bedrooms | 24 | 26 | +8.3% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Troy housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 22.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 28 | +27.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Troy in April 2024, up by 27.3% month-over-month. Of the 28 sold homes, 46% were sold under asking, 14% were sold at asking, and 39% were sold over asking.
Days on Market for Troy, OH
How long does it take to sell a home in Troy, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 67 Days | +25.3% |
Summary: Homes in Troy had an average of 67 days on market in Apr 2024, up by 25.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in Troy; 21% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.