Is Troy, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Troy has remained a Seller's Market.
Key Takeaway
Troy is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Troy, OH
How much do homes in Troy, OH cost?
Median Sold Price
$260,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Troy have sold for 5% more than they did a year ago.
Summary: The median home sold price in Troy was $260,000 in May 2024, up 5% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $64K | $65K | +1.6% |
| 2 Bedrooms | $131.5K | $160K | +21.7% |
| 3 Bedrooms | $231.5K | $250K | +8.0% |
| 4 Bedrooms | $368.5K | $354.5K | -3.8% |
| 5+ Bedrooms | $419K | $470.7K | +12.4% |
Summary: Troy housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 12.4%.
Median Sold Price Compared To Nearby Cities
| Concord Township | $232.8K | $250K | +7.4% |
| Troy | $247.7K | $260K | +5.0% |
Housing Supply in Troy, OH
How many homes are available in Troy, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 99 | 112 | +13.1% |
Summary: The Troy real estate market had 112 homes for sale in May 2024, a 13.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 53 | 54 | +1.9% |
| 4 Bedrooms | 25 | 34 | +36.0% |
| 5+ Bedrooms | 11 | 15 | +36.4% |
Summary: The Troy housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 36%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 25 | -13.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Troy, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Troy in May 2024, down by 13.8% month-over-month. Of the 25 sold homes, 60% were sold under asking, 12% were sold at asking, and 28% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 56 Days | 66 Days | +18.9% |
Summary: Homes in Troy had an average of 66 days on market in May 2024, up by 18.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Troy has remained consistent over time.
Summary: During May 2024, 25 homes were sold in Troy; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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