Is Troy, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Troy has remained a Seller's Market.
Housing Prices in Troy, IL
How much do homes in Troy, IL cost?
Median Sold Price
$325,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Troy was $325,000 in May 2024, up 11.3% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $61K | - | N/A |
2 Bedrooms | $185K | $225K | +21.6% |
3 Bedrooms | $240K | $281K | +17.1% |
4 Bedrooms | $345K | $423.4K | +22.7% |
5+ Bedrooms | $405K | $450K | +11.1% |
Summary: Troy housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Cities
Jarvis Township | $275K | $320K | +16.4% |
Troy | $292K | $325K | +11.3% |
Collinsville Township | $187.3K | $203.1K | +8.4% |
Pin Oak Township | $420K | $435K | +3.6% |
Maryville | $323K | $318.7K | -1.3% |
Housing Supply in Troy, IL
How many homes are available in Troy, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
66 | 70 | +6.1% |
Summary: The Troy real estate market had 70 homes for sale in May 2024, a 6.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 29 | 34 | +17.2% |
4 Bedrooms | 22 | 23 | +4.5% |
5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Troy housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 30 | +66.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Troy in May 2024, up by 66.7% month-over-month. Of the 30 sold homes, 30% were sold under asking, 27% were sold at asking, and 43% were sold over asking.
Days on Market for Troy, IL
How long does it take to sell a home in Troy, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
67 Days | 63 Days | -6.1% |
Summary: Homes in Troy had an average of 63 days on market in May 2024, down by 6.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 30 homes were sold in Troy; 47% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.