Is Troy, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Troy is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Troy was a Neutral Market.

Key Takeaway

Troy is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$38,900(+6.9%)

Key Takeaway

Homes in Troy have sold for 6.9% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $449K-
N/A
2 $390K$660K
+69.2%
3 $426K$518.5K
+21.7%
4 $599.2K$640K
+6.8%
5+ $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
+11.7%
Troy
+6.9%
Hudson
+2.6%

Housing Supply in Troy, WI

How many homes are available in Troy, WI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3841+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

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 33
0.0%
3 1916
-15.8%
4 99
0.0%
5+ 511
+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 2024Feb 2024CHANGE
34+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

Asking vs Sold - buyer

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 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 2023Feb 2024CHANGE
81 Days97 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Troy are selling fast, if you're buying plan to act quickly.

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.

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, WI

Nearby Markets to Troy, WI

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