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Featured local agent — Troy, OH
Sarah Mitchell
Compass Real Estate · Troy, OH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Troy, OH Housing Market & Real Estate
Housing market overview · Updated monthly ·
$246,500median sale price
How is the Troy, OH housing market right now?
The median home sale price in Troy, OH is $246,500, down 0.2% year-over-year. Homes sell in an average of 12 days with 61 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, OH is currently a strong seller's market, based on 1.7 months of supply and homes selling in about 12 days. How we determine this →
Homes sold
36
Last 12 weeks
Days on market
12
Fast-moving
Active listings
61
1.7 months supply
Sale-to-list
99.5%
Below asking
What does the Troy housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $246,500 |
| Median list price | $255,000 |
| Year-over-year price change | -0.2% |
| Average days on market | 12 days |
| Active inventory | 61 listings |
| Months of supply | 1.7 months |
| Sale-to-list price ratio | 99.5% |
| Median price per sq ft | $177/sq ft |
| Homes sold (latest month) | 36 |
| New listings (latest month) | 38 |
| Listings with a price cut | 34.4% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Troy by property type?
How the Troy, OH market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $246,500 | $177/sq ft | 34 | 12 days |
| Condo / Co-op | $215,000 | $158/sq ft | 3 | 49 days |
| Townhouse | $285,000 | $187/sq ft | 1 | 43 days |
Source: Redfin · Updated monthly
The Troy housing market is currently classified as a strong seller's market with a median sale price of $246,500. Prices have fallen 0.2% compared to last year, with homes spending an average of 12 days on market, indicating 1.7 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 4.1x provides context for how home values compare to local earning capacity.
Homes for sale in Troy
There are currently 61 homes listed for sale in Troy, Ohio. The median listing price is $255K.
Active listings
61
Homes on market
Median list price
$255K
Avg. days on market
12
Days until sale
New this week
38
Newly listed
Who lives in Troy?
Population
26,716
Median income
$70,450/yr
Median age
37.6 years
Owner-occupied
65.3%
College grads
31.7%
Avg commute
20.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Troy?
Zillow home value
$287,473
Zillow rent index
$1,511/mo
Price-to-rent ratio
15.9x
Price-to-income
4.1x
Source: Zillow Research
What is it like to live in Troy?
Troy is a community of approximately 27K residents with a median age of 37.6 years.The median household income is $70,450, which represents a working-class community with solid middle-income opportunities. 31.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 65.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 20.5 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?
10 schools tracked · 4,060 students
The largest public schools serving Troy, OH 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 · 1,222 students
Concord Elementary School
Grades K-5 · 639 students
Troy Junior High School
Grades 7-8 · 633 students
Cookson Elementary School
Grades K-5 · 319 students
Van Cleve Elementary School
Grades 6 · 302 students
Heywood Elementary School
Grades PK-5 · 281 students
Hook Elementary School
Grades K-5 · 268 students
Forest Elementary School
Grades 3-5 · 201 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, OH?
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 15.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 0.2% year-over-year, potentially creating entry opportunities for strategic buyers.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 $246,500, down 0.2% from last year.
How long do homes stay on market in Troy?
Homes typically spend 12 days on market before going under contract.
What is the median income in Troy?
The median household income is $70,450 per year.
Is Troy a buyer's or seller's market?
With 1.7 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 $287,473, 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, OH is $215,000, compared to $246,500 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, OH is $246,500 (about $177 per square foot).
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