Is Troy, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2021
Since last year, Troy has remained a Seller's Market.
How much do homes in Troy, MI cost?
Median Sold Price
$360,416
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2021
Median Sold Price By Bedroom Count
# BEDS | Jun 2021 | Jun 2022 | % |
---|---|---|---|
1 Bedroom | $100K | $115K | +15.0% |
2 Bedrooms | $186.5K | $215K | +15.3% |
3 Bedrooms | $290K | $319.5K | +10.2% |
4 Bedrooms | $410K | $453K | +10.5% |
5+ Bedrooms | $528K | $598K | +13.3% |
Median Sold Price Compared To Nearby Cities
% | |
---|---|
Royal Oak | +12.9% |
Madison Heights | +11.1% |
Troy | +9.2% |
Clawson | +9.1% |
Birmingham | +2.5% |
How many homes are available in Troy, MI?
Number of Homes For Sale
May 2022 | Jun 2022 | % |
---|---|---|
265 | 280 | +5.7% |
Homes For Sale By Bedroom Count
# BEDS | May 2022 | Jun 2022 | % |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 27 | 22 | -18.5% |
3 Bedrooms | 83 | 99 | +19.3% |
4 Bedrooms | 137 | 141 | +2.9% |
5+ Bedrooms | 18 | 17 | -5.6% |
Number of Homes Sold
May 2022 | Jun 2022 | % |
---|---|---|
96 | 90 | -6.3% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
57 Homes Were Sold
Over Asking
Average Sale Time
Jun 2021 | Jun 2022 | % |
---|---|---|
14 Days | 19 Days | +40.1% |
Breakdown of Home Sale Times
74 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days