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Featured local agent — Troy, TN
Sarah Mitchell
Compass Real Estate · Troy, TN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Troy, TN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$145,000median sale price
How is the Troy, TN housing market right now?
The median home sale price in Troy, TN is $145,000, down 56.1% year-over-year. Homes sell in an average of 147 days with 6 active listings. The market is currently a balanced 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, TN is currently a balanced market, based on 3.0 months of supply and homes selling in about 147 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
147
Average pace
Active listings
6
3.0 months supply
Sale-to-list
97.0%
Below asking
What does the Troy housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $145,000 |
| Median list price | $295,000 |
| Year-over-year price change | -56.1% |
| Average days on market | 147 days |
| Active inventory | 6 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 97.0% |
| Median price per sq ft | $144/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 1 |
| Listings with a price cut | 66.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Troy by property type?
How the Troy, TN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $145,000 | $144/sq ft | 2 | 147 days |
Source: Redfin · Updated monthly
The Troy housing market is currently classified as a balanced market with a median sale price of $145,000. Prices have fallen 56.1% compared to last year, with homes spending an average of 147 days on market, indicating 3.0 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 3.4x provides context for how home values compare to local earning capacity.
Homes for sale in Troy
There are currently 6 homes listed for sale in Troy, Tennessee. The median listing price is $295K.
Active listings
6
Homes on market
Median list price
$295K
Avg. days on market
147
Days until sale
New this week
1
Newly listed
Who lives in Troy?
Population
1,915
Median income
$52,656/yr
Median age
36 years
Owner-occupied
70.6%
College grads
19.4%
Avg commute
18.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Troy?
Zillow home value
$179,498
Price-to-income
3.4x
Source: Zillow Research
What is it like to live in Troy?
Troy is a community of approximately 2K residents with a median age of 36 years.The median household income is $52,656, which represents a working-class community with solid middle-income opportunities. 19.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 70.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 18.5 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?
2 schools tracked · 1,225 students
The largest public schools serving Troy, TN 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.
Obion County Central High School
Grades 9-12 · 688 students
Hillcrest Elementary
Grades PK-8 · 537 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, TN?
Want a head-to-head view? Compare 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 Troy?
The median home sale price in Troy is $145,000, down 56.1% from last year.
How long do homes stay on market in Troy?
Homes typically spend 147 days on market before going under contract.
What is the median income in Troy?
The median household income is $52,656 per year.
Is Troy a buyer's or seller's market?
With 3.0 months of supply, Troy is currently a balanced market.
What is the Zillow home value estimate for Troy?
The Zillow Home Value Index (ZHVI) for Troy is $179,498, 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, TN is $145,000 (about $144 per square foot).
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