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 October 2023

Since last year, Troy has remained a Buyer's 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

$680,000

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$75,550(+12.5%)

Key Takeaway

Homes in Troy have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in Troy was $680,000 in October 2024, up 12.5% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $552.5K$970K
+75.6%
3 $518K$564.3K
+8.9%
4 $630K$685K
+8.7%
5+ $670K$775K
+15.7%

Summary: Troy housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 75.6%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 15.7%.

Median Sold Price Compared To Nearby Cities

Troy
+12.5%
Afton
+8.0%
Hudson
+4.7%
River Falls
+3.7%

Housing Supply in Troy, WI

How many homes are available in Troy, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5668+21.4%

Summary: The Troy real estate market had 68 homes for sale in October 2024, a 21.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 66
0.0%
3 2333
+43.5%
4 1518
+20.0%
5+ 109
-10.0%

Summary: The Troy housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 43.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Troy, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Troy in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% 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

Oct 2023Oct 2024CHANGE
27 Days43 Days+59.3%

Summary: Homes in Troy had an average of 43 days on market in Oct 2024, up by 59.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was 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 October 2024, 5 homes were sold in Troy; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 13 Days Ago

Newest Listings in Troy, WI

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