Is Troy Township, 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 Township has remained a Seller's Market.
Housing Prices in Troy Township, OH
How much do homes in Troy Township, OH cost?
Median Sold Price
$262,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Troy Township was $262,000 in May 2024, up 4.8% 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 | $130.5K | $160K | +22.6% |
3 Bedrooms | $230K | $245K | +6.5% |
4 Bedrooms | $368.5K | $350K | -5.0% |
5+ Bedrooms | $406K | $480K | +18.2% |
Summary: Troy Township 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 22.6%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 18.2%.
Median Sold Price Compared To Nearby Cities
Lexington | $229.3K | $246.2K | +7.4% |
Troy Township | $249.9K | $262K | +4.8% |
Troy Township | $248.6K | $260K | +4.6% |
Springfield Township | $177.9K | $185K | +4.0% |
Housing Supply in Troy Township, OH
How many homes are available in Troy Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
107 | 117 | +9.3% |
Summary: The Troy Township real estate market had 117 homes for sale in May 2024, a 9.3% 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 | 54 | 54 | 0.0% |
4 Bedrooms | 31 | 39 | +25.8% |
5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Troy Township 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 remained the same, 4 bedroom homes increased by 25.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 25 | -24.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Troy Township in May 2024, down by 24.2% month-over-month. Of the 25 sold homes, 56% were sold under asking, 12% were sold at asking, and 32% were sold over asking.
Days on Market for Troy Township, OH
How long does it take to sell a home in Troy Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
53 Days | 66 Days | +24.0% |
Summary: Homes in Troy Township had an average of 66 days on market in May 2024, up by 24% 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
Summary: During May 2024, 25 homes were sold in Troy Township; 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.