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Featured local agent — Troy, NY
Sarah Mitchell
Compass Real Estate · Troy, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Troy, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$269,500median sale price
How is the Troy, NY housing market right now?
The median home sale price in Troy, NY is $269,500, up 12.3% year-over-year. Homes sell in an average of 9 days with 68 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?
Troy, NY is currently a strong seller's market, based on 2.8 months of supply and homes selling in about 9 days. How we determine this →
Homes sold
24
Last 12 weeks
Days on market
9
Fast-moving
Active listings
68
2.8 months supply
Sale-to-list
100.2%
Above asking
What does the Troy housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $269,500 |
| Median list price | $265,000 |
| Year-over-year price change | +12.3% |
| Average days on market | 9 days |
| Active inventory | 68 listings |
| Months of supply | 2.8 months |
| Sale-to-list price ratio | 100.2% |
| Median price per sq ft | $137/sq ft |
| Homes sold (latest month) | 24 |
| New listings (latest month) | 51 |
| Listings with a price cut | 35.3% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Troy by property type?
How the Troy, NY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $285,000 | $167/sq ft | 12 | 8 days |
| Condo / Co-op | $201,500 | $126/sq ft | 1 | 5 days |
| Townhouse | $285,000 | $201/sq ft | 1 | 5 days |
Source: Redfin · Updated monthly
The Troy housing market is currently classified as a strong seller's market with a median sale price of $269,500. Prices have risen 12.3% compared to last year, with homes spending an average of 9 days on market, indicating 2.8 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 5.3x provides context for how home values compare to local earning capacity.
Homes for sale in Troy
There are currently 68 homes listed for sale in Troy, New York. The median listing price is $265K.
Active listings
68
Homes on market
Median list price
$265K
Avg. days on market
9
Days until sale
New this week
51
Newly listed
Who lives in Troy?
Population
51,054
Median income
$57,688/yr
Median age
33 years
Owner-occupied
36.8%
College grads
36.8%
Avg commute
21.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Troy?
Zillow home value
$302,877
Zillow rent index
$1,501/mo
Price-to-rent ratio
16.8x
Price-to-income
5.3x
Source: Zillow Research
What is it like to live in Troy?
Troy is a community of approximately 51K residents with a median age of 33 years.The median household income is $57,688, which represents a working-class community with solid middle-income opportunities. 36.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 36.8%, showing a blend of owner and renter-occupied properties. The average commute time is 21.1 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?
17 schools tracked · 8,066 students
The largest public schools serving Troy, NY 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 HIGH SCHOOL
Grades 9-12 · 1,190 students
TROY MIDDLE SCHOOL
Grades 6-8 · 761 students
KIPP TROY PREPARATORY CHARTER SCHOOL
Grades K-12 · 742 students
LANSINGBURGH SENIOR HIGH SCHOOL
Grades 9-12 · 660 students
TAMARAC MIDDLE SCHOOL HIGH SCHOOL
Grades PK-12 · 593 students
TURNPIKE ELEMENTARY SCHOOL
Grades PK-2 · 501 students
TAMARAC ELEMENTARY SCHOOL
Grades PK-5 · 489 students
PS 14
Grades PK-5 · 457 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, NY?
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 16.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 12.3% 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 $269,500, up 12.3% from last year.
How long do homes stay on market in Troy?
Homes typically spend 9 days on market before going under contract.
What is the median income in Troy?
The median household income is $57,688 per year.
Is Troy a buyer's or seller's market?
With 2.8 months of supply, Troy is currently a strong seller's market.
What is the Zillow home value estimate for Troy?
The Zillow Home Value Index (ZHVI) for Troy is $302,877, 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, NY is $201,500, compared to $285,000 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, NY is $285,000 (about $167 per square foot).
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