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Featured local agent — Troy, AL
Sarah Mitchell
Compass Real Estate · Troy, AL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Troy, AL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$330,400median sale price
How is the Troy, AL housing market right now?
The median home sale price in Troy, AL is $330,400, up 19.1% year-over-year. Homes sell in an average of 459 days with 9 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Troy a buyer's or seller's market?
Troy, AL is currently a leaning buyer's, based on 4.5 months of supply and homes selling in about 459 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
459
Average pace
Active listings
9
4.5 months supply
Sale-to-list
100.0%
Above asking
What does the Troy housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $330,400 |
| Median list price | $323,875 |
| Year-over-year price change | +19.1% |
| Average days on market | 459 days |
| Active inventory | 9 listings |
| Months of supply | 4.5 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $155/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 10 |
| Listings with a price cut | 11.1% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Troy by property type?
How the Troy, AL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $330,400 | $155/sq ft | 2 | 459 days |
| Townhouse | $145,000 | $135/sq ft | 1 | 49 days |
Source: Redfin · Updated monthly
The Troy housing market is currently classified as a leaning buyer's with a median sale price of $330,400. Prices have risen 19.1% compared to last year, with homes spending an average of 459 days on market, indicating 4.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.9x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Troy
There are currently 9 homes listed for sale in Troy, Alabama. The median listing price is $324K.
Active listings
9
Homes on market
Median list price
$324K
Avg. days on market
459
Days until sale
New this week
10
Newly listed
Who lives in Troy?
Population
17,733
Median income
$47,595/yr
Median age
24.7 years
Owner-occupied
47.2%
College grads
36.5%
Avg commute
17.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Troy?
Zillow home value
$184,324
Zillow rent index
$1,096/mo
Price-to-rent ratio
14.0x
Price-to-income
3.9x
Source: Zillow Research
What is it like to live in Troy?
Troy is a community of approximately 18K residents with a median age of 24.7 years.The median household income is $47,595, which represents a working-class community with solid middle-income opportunities. 36.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 47.2%, showing a blend of owner and renter-occupied properties. The average commute time is 17.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Troy offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Troy?
7 schools tracked · 1,777 students
The largest public schools serving Troy, AL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Troy Elementary School
Grades PK-6 · 996 students
Charles Henderson High School
Grades 9-12 · 525 students
Charles Henderson Middle
Grades 7-8 · 256 students
TroyPike Regional Center For Technology
Grades 10-12
Alternative Learning Center
Grades 6-12
Pike County Alternative Learning Center
Grades 5-12
TroyPike Center For Technology
Grades 8-12
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Troy, AL?
Want a head-to-head view? Compare Troy side-by-side with any other U.S. city using our market-comparison tool.
Is Troy a good real estate investment market?
For investors evaluating Troy, the price-to-rent ratio of 14.0x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 19.1% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Troy's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Troy's median home price.
Frequently asked questions
What is the average home price in Troy?
The median home sale price in Troy is $330,400, up 19.1% from last year.
How long do homes stay on market in Troy?
Homes typically spend 459 days on market before going under contract.
What is the median income in Troy?
The median household income is $47,595 per year.
Is Troy a buyer's or seller's market?
With 4.5 months of supply, Troy is currently a leaning buyer's.
What is the Zillow home value estimate for Troy?
The Zillow Home Value Index (ZHVI) for Troy is $184,324, representing the typical home value in the area.
How much does a single-family home cost in Troy?
The median single-family home price in Troy, AL is $330,400 (about $155 per square foot).
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