Is Troy Township, OH 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 Last Month

Since last month, 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.

Housing Prices in Troy Township, OH

How much do homes in Troy Township, OH cost?

Median Sold Price

$197,750

$152/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$59,750(-23.2%)

Key Takeaway

Homes in Troy Township have sold for 23.2% less than they did a month ago.

Summary: The median home sold price in Troy Township was $197,750 in February 2024, down 23.2% from last month, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $231K$159K
-31.2%
3 $280K$243K
-13.2%
4 $340K$212.4K
-37.5%
5+ $275K$535K
+94.5%

Summary: Troy Township housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 31.2%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes increased by 94.5%.

Housing Supply in Troy Township, OH

How many homes are available in Troy Township, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7976-3.8%

Summary: The Troy Township real estate market had 76 homes for sale in February 2024, a 3.8% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1513
-13.3%
3 3831
-18.4%
4 1825
+38.9%
5+ 87
-12.5%

Summary: The Troy Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 18.4%, 4 bedroom homes increased by 38.9%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2122+4.8%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

5 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. 50% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Troy Township in February 2024, up by 4.8% month-over-month. Of the 22 sold homes, 50% were sold under asking, 27% were sold at asking, and 23% 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

Jan 2024Feb 2024CHANGE
50 Days81 Days+59.9%

Summary: Homes in Troy Township had an average of 81 days on market in Feb 2024, up by 59.9% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Troy Township has remained consistent over time.

Summary: During February 2024, 22 homes were sold in Troy Township; 14% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.

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

Report Updated 27 Days Ago

Newest Listings in Troy Township, OH

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