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Featured local agent — New Troy, MI
Sarah Mitchell
Compass Real Estate · New Troy, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Troy, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$175,000median sale price
How is the New Troy, MI housing market right now?
The median home sale price in New Troy, MI is $175,000. Homes sell in an average of 47 days. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of September 2025 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is New Troy a buyer's or seller's market?
New Troy, MI is currently a leaning buyer's and homes selling in about 47 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
47
Average pace
Active listings
—
Sale-to-list
92.2%
Below asking
What does the New Troy housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $175,000 |
| Average days on market | 47 days |
| Sale-to-list price ratio | 92.2% |
| Median price per sq ft | $135/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in New Troy by property type?
How the New Troy, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $175,000 | $135/sq ft | 1 | 47 days |
Source: Redfin · Updated monthly
The New Troy housing market is currently classified as a leaning buyer's with a median sale price of $175,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 47 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in New Troy
Explore homes currently listed for sale in New Troy, Michigan across major real estate platforms.
Who lives in New Troy?
Population
379
Median income
$60,250/yr
Median age
33.9 years
Owner-occupied
77.3%
College grads
9.9%
Avg commute
17.6 min
Source: U.S. Census Bureau ACS
What is it like to live in New Troy?
New Troy is a community of approximately 0K residents with a median age of 33.9 years.The median household income is $60,250, which represents a working-class community with solid middle-income opportunities. 9.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 77.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 17.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, New Troy offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near New Troy, MI?
Want a head-to-head view? Compare New Troy side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in New Troy?
The median home sale price in New Troy is $175,000, down 0.0% from last year.
How long do homes stay on market in New Troy?
Homes typically spend 47 days on market before going under contract.
What is the median income in New Troy?
The median household income is $60,250 per year.
How much does a single-family home cost in New Troy?
The median single-family home price in New Troy, MI is $175,000 (about $135 per square foot).
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