Is Troy, OH 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.
Key Takeaway
Troy is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Troy, OH
How much do homes in Troy, OH cost?
Median Sold Price
$259,933
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Troy have sold for 20.5% more than they did a year ago.
Summary: The median home sold price in Troy was $259,933 in March 2024, up 20.5% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $42K | $64.5K | +53.6% |
| 2 Bedrooms | $130K | $165K | +26.9% |
| 3 Bedrooms | $201.5K | $245K | +21.6% |
| 4 Bedrooms | $327K | $358.7K | +9.7% |
| 5+ Bedrooms | $328.5K | $434.9K | +32.4% |
Summary: Troy housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.6%, 2 bedroom homes increased by 26.9%, 3 bedroom homes increased by 21.6%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 32.4%.
Median Sold Price Compared To Nearby Cities
| Staunton Township | $287.4K | $380K | +32.2% |
| Troy | $215.7K | $259.9K | +20.5% |
| Concord Township | $220K | $245.5K | +11.6% |
Housing Supply in Troy, OH
How many homes are available in Troy, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 76 | 85 | +11.8% |
Summary: The Troy real estate market had 85 homes for sale in March 2024, a 11.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 32 | 38 | +18.8% |
| 4 Bedrooms | 24 | 24 | 0.0% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Troy housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 18.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Troy, 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 in March 2024, down by 4.3% month-over-month. Of the 22 sold homes, 50% were sold under asking, 14% were sold at asking, and 36% were sold over asking.
Days on Market for Troy, OH
How long does it take to sell a home in Troy, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 68 Days | 62 Days | -8.0% |
Summary: Homes in Troy had an average of 62 days on market in Mar 2024, down by 8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Troy has remained consistent over time.
Summary: During March 2024, 22 homes were sold in Troy; 23% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.