New Listing
31
$165,000
1840 Axtell Dr Apt 7
Troy, MI 48084
1 bd1 ba868 sqft$190/ft²
Condo
Summit Realty Solutions
View photos & details
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Sarah Mitchell
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Compass Real Estate · Troy, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Troy, MI(512) 555-0184TX License #0512847
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Troy, MI Housing Market & Real Estate
Strong seller's market+6.5% YoY
Housing market overview · Updated monthly ·
$489,900median sale price
How is the Troy, MI housing market right now?
The median home sale price in Troy, MI is $489,900, up 6.5% year-over-year. Homes sell in an average of 14 days with 147 active listings. The market is currently a strong seller's market. (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?
Strong seller's market1.8 months of supply14 avg. days on market
Troy, MI is currently a strong seller's market, based on 1.8 months of supply and homes selling in about 14 days. How we determine this →
Homes sold
81
Last 12 weeks
Days on market
14
Fast-moving
Active listings
147
1.8 months supply
Sale-to-list
100.7%
Above asking
What does the Troy housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $489,900 |
| Median list price | $471,275 |
| Year-over-year price change | +6.5% |
| Average days on market | 14 days |
| Active inventory | 147 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 100.7% |
| Median price per sq ft | $231/sq ft |
| Homes sold (latest month) | 81 |
| New listings (latest month) | 124 |
| Listings with a price cut | 21.1% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Troy by property type?
How the 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 | $589,000 | $245/sq ft | 59 | 11 days |
| Condo / Co-op | $288,000 | $201/sq ft | 22 | 26 days |
| Townhouse | $369,000 | $278/sq ft | 1 | 48 days |
Source: Redfin · Updated monthly
The Troy housing market is currently classified as a strong seller's market with a median sale price of $489,900. Prices have risen 6.5% compared to last year, with homes spending an average of 14 days on market, indicating 1.8 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 4.0x provides context for how home values compare to local earning capacity.
Homes for sale in Troy
There are currently 147 homes listed for sale in Troy, Michigan. The median listing price is $471K. Featured listings range from $165,000 to $645,000.
New Listing
35
$294,900
1152 Faulkner
Troy, MI 48083
2 bd2 ba1,179 sqft$250/ft²
Condo
Community Choice Realty Associates, LLC
View photos & details
New Listing
65
$315,000
2386 Milverton Dr
Troy, MI 48083
3 bd1 ba1,179 sqft$267/ft²
House7,405 sqft lot
Liberty Way Realty
View photos & details
New Listing
9
$339,900
1504 Brentwood Dr Unit 201
Troy, MI 48098
3 bd2 ba1,404 sqft$242/ft²
Townhouse
Community Choice Realty Inc
View photos & details
New Listing
32
$375,000
871 Vanderpool Dr
Troy, MI 48083
3 bd2 ba2,074 sqft$181/ft²
House20,038 sqft lot
Robert Mazer · eXp Realty, LLC
View photos & details
New Listing
23
$424,850
2327 Hillcrescent Dr
Troy, MI 48085
4 bd2 ba2,242 sqft$189/ft²
House9,583 sqft lot
Real Estate One-Troy
View photos & details
New Build
6
$434,653
1245 Timberlane
Troy, MI 48098
3 bd2 ba1,520 sqft$286/ft²
Townhouse
A.V.A. Real Estate
View photos & details
New Listing
24
$515,000
5082 Westmoreland Dr
Troy, MI 48085
4 bd2 ba2,404 sqft$214/ft²
House10,890 sqft lot
Sine & Monaghan, LLC
View photos & details
New Listing
24
$524,800
447 Lange Dr
Troy, MI 48098
4 bd2 ba2,231 sqft$235/ft²
House20,473 sqft lot
RE/MAX First
View photos & details
New Listing
29
$545,000
1028 Maya Ct
Troy, MI 48085
3 bd3 ba2,182 sqft$250/ft²
Condo
Century 21 Affiliated
View photos & details
New Listing
29
$584,000
3436 Paddington Dr
Troy, MI 48084
3 bd2 ba1,850 sqft$316/ft²
House17,424 sqft lot
Max Broock, REALTORS(R)-Birmingham
View photos & details
New Listing
55
$645,000
3665 Estates Dr
Troy, MI 48084
4 bd2 ba2,724 sqft$237/ft²
House14,810 sqft lot
Clubhouse Realty LLC
View photos & details
Looking to buy in Troy?
Get connected with a local real estate expert — free, no obligation.
Active listings
147
Homes on market
Median list price
$471K
Avg. days on market
14
Days until sale
New this week
124
Newly listed
Price drops:21.1%of listings
Sale-to-list:100.7%
Who lives in Troy?
Population
87,307
Median income
$119,299/yr
Median age
42.2 years
Owner-occupied
74.2%
College grads
64.1%
Avg commute
24.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Troy?
Zillow home value
$472,471
Zillow rent index
$1,861/mo
Price-to-rent ratio
21.2x
Price-to-income
4.0x
Source: Zillow Research
What is it like to live in Troy?
Troy is a community of approximately 87K residents with a median age of 42.2 years.The median household income is $119,299, which reflects a relatively affluent area with strong earning potential. 64.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 74.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.6 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?
25 schools tracked · 14,912 students
The largest public schools serving Troy, MI 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.
Lighthouse Connections Academy
Grades K-12 · 2,187 students
Troy High School
Grades 9-12 · 2,044 students
Athens High School
Grades 9-12 · 1,488 students
Boulan Park Middle School
Grades 6-8 · 825 students
Larson Middle School
Grades 6-8 · 814 students
Smith Middle School
Grades 6-8 · 642 students
Baker Middle School
Grades 6-8 · 635 students
Bemis Elementary School
Grades K-5 · 453 students
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, MI?
Want a head-to-head view? Compare Troy side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Troy?
Is Troy a good real estate investment market?
For investors evaluating Troy, the price-to-rent ratio of 21.2x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 6.5% 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 $489,900, up 6.5% from last year.
How long do homes stay on market in Troy?
Homes typically spend 14 days on market before going under contract.
What is the median income in Troy?
The median household income is $119,299 per year.
Is Troy a buyer's or seller's market?
With 1.8 months of supply, Troy is currently a strong seller's market.
How many homes are for sale in Troy?
There are currently 147 homes listed for sale in Troy, MI.
What is the Zillow home value estimate for Troy?
The Zillow Home Value Index (ZHVI) for Troy is $472,471, representing the typical home value in the area.
What is the median condo price in Troy?
The median condo/co-op sale price in Troy, MI is $288,000, compared to $589,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Troy?
The median single-family home price in Troy, MI is $589,000 (about $245 per square foot).
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