Is Troy, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Troy has remained a Seller's Market.
Housing Prices in Troy, NY
How much do homes in Troy, NY cost?
Median Sold Price
$230,136
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Troy was $230,136 in March 2024, up 7% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $68K | $135K | +98.5% |
2 Bedrooms | $198K | $205K | +3.5% |
3 Bedrooms | $240.3K | $250K | +4.0% |
4 Bedrooms | $215K | $212.5K | -1.2% |
5+ Bedrooms | $208K | $230K | +10.6% |
Summary: Troy housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 98.5%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Cities
Brunswick | $265.5K | $300K | +13.0% |
Troy | $215K | $230.1K | +7.0% |
Watervliet | $215K | $225K | +4.7% |
Cohoes | $250K | $260K | +4.0% |
Green Island | $175K | $180K | +2.9% |
Housing Supply in Troy, NY
How many homes are available in Troy, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
196 | 211 | +7.7% |
Summary: The Troy real estate market had 211 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 27 | 26 | -3.7% |
3 Bedrooms | 51 | 51 | 0.0% |
4 Bedrooms | 45 | 49 | +8.9% |
5+ Bedrooms | 73 | 83 | +13.7% |
Summary: The Troy housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 13.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 50 | +31.6% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in Troy in March 2024, up by 31.6% month-over-month. Of the 50 sold homes, 58% were sold under asking, 8% were sold at asking, and 34% were sold over asking.
Days on Market for Troy, NY
How long does it take to sell a home in Troy, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 53 Days | +2.3% |
Summary: Homes in Troy had an average of 53 days on market in Mar 2024, up by 2.3% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 50 homes were sold in Troy; 60% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.