Is Troy Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Troy Township is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Troy Township has remained a Seller's Market.

Key Takeaway

Troy Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Troy Township, IL cost?

Median Sold Price

$295,000

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$26,682(+9.9%)

Key Takeaway

Homes in Troy Township have sold for 9.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $62.9K$202.4K
+221.9%
2 $200K$222K
+11.0%
3 $255K$289.9K
+13.7%
4 $327K$356K
+8.9%
5+ $400K$395K
-1.3%

Median Sold Price Compared To Nearby Cities

Plainfield Township
+12.1%
Troy Township
+9.9%
Joliet
+9.8%
Joliet Township
+8.8%
Shorewood
+5.5%

How many homes are available in Troy Township, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
176164-6.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 01
+100.0%
2 3131
0.0%
3 8274
-9.8%
4 5650
-10.7%
5+ 78
+14.3%

Number of Homes Sold

Oct 2022Nov 2022%
6335-44.4%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Troy Township, you may be able to get a good deal. 54.3% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
17 Days26 Days+52.2%

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Troy Township are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Troy Township, IL

Number of homes for sale in Troy Township, IL real estate market have reached 164. Between October 2022 and November 2022, Troy Township, IL real estate market has seen decrease in the number of listings by 6.8%. In November 2022, listings were on the market for 26 days. During the same period, the median list price in this real estate market was $295,000. Real estate listing prices changed between October 2022 and November 2022: 1 bedroom properties prices increased by 221.9%, 2 bedrooms properties prices increased by 11%, 3 bedrooms properties prices increased by 13.7%, prices of 4 bedrooms properties increased by 8.9%, prices of 5 bedrooms properties decreased by 1.3%. This housing market inventory have changed: 1 bedroom homes inventory increased by 100%, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes inventory decreased by 9.8%, 4 bedrooms homes inventory decreased by 10.7%, 5 bedrooms homes inventory increased by 14.3%. While more than 7 listings in Troy Township, IL in November 2022 were sold above asking price, there were more than 9 listings sold at asking price, and more than 19 were sold below.

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