Is Troy, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Troy was a Neutral Market.
Housing Prices in Troy, WI
How much do homes in Troy, WI cost?
Median Sold Price
$598,900
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Troy was $598,900 in February 2024, up 6.9% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $449K | - | N/A |
2 Bedrooms | $390K | $660K | +69.2% |
3 Bedrooms | $426K | $518.5K | +21.7% |
4 Bedrooms | $599.2K | $640K | +6.8% |
5+ Bedrooms | $767K | $662.4K | -13.6% |
Summary: Troy housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 69.2%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 13.6%.
Median Sold Price Compared To Nearby Cities
River Falls | $333K | $372K | +11.7% |
Troy | $560K | $598.9K | +6.9% |
Hudson | $430K | $441K | +2.6% |
Housing Supply in Troy, WI
How many homes are available in Troy, WI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
38 | 41 | +7.9% |
Summary: The Troy real estate market had 41 homes for sale in February 2024, a 7.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 19 | 16 | -15.8% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 5 | 11 | +120.0% |
Summary: The Troy 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 remained the same, 3 bedroom homes decreased by 15.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 120%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Troy in February 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Troy, WI
How long does it take to sell a home in Troy, WI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
81 Days | 97 Days | +20.4% |
Summary: Homes in Troy had an average of 97 days on market in Feb 2024, up by 20.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 4 homes were sold in Troy; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.