How much do homes in Troy, MI cost?

Median List Price

$336,150

Based on all homes listed in the last 12 months.

Difference Since May 2020

+$36,212(+12.1%)

Key Takeaway

The list price of homes in Troy has increased by 12.1% since last year.

Median List Price By Bedroom Count

# BEDSMay 2020May 2021%
1 $109.9K$109.5K-0.4%
2 $204.9K$218K+6.4%
3 $264.9K$299.9K+13.2%
4 $398.8K$424.9K+6.5%
5+ $462.5K$550K+18.9%

Median List Price Compared To Nearby Cities

Birmingham
+29.6%
Troy
+12.1%
Madison Heights
+8.8%
Royal Oak
+7.2%

How many homes are available in Troy, MI?

Number of Homes For Sale

Apr 2021May 2021%
272285+4.8%

Homes For Sale By Bedroom Count

# BEDSApr 2021May 2021%
1 26+200.0%
2 3842+10.5%
3 107109+1.9%
4 113114+0.9%
5+ 1214+16.7%

Average Listing Age

May 2020May 2021%
107 Days43 Days-59.5%

About Troy, MI

Troy, MI has 285 homes for sale to choose from.

Listings spent 43 days on the market in May 2021, and had a median list price of $336,150 during the same period.

Listing prices have changed in this real estate market between April 2021 and May 2021: prices of 1 bedroom properties went down by 0.4%, prices of 2 bedrooms properties increased by 6.4%, the cost of 3 bedrooms properties went up by 13.2%, 4 bedrooms properties became 6.5% more expensive, 5 bedrooms properties prices increased by 18.9%.

The number of listings in Troy, MI increased by 4.8% between April 2021 and May 2021.

Volume of homes for sale changed: the quantity of 1 bedroom homes went up by 200%, 2 bedrooms homes inventory increased by 10.5%, 3 bedrooms homes became 1.9% more available, 4 bedrooms homes inventory increased by 0.9%, 5 bedrooms homes became 16.7% more available.

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