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Troy

Why you'd want to live in Troy

Troy, Michigan is located at the heart of Metropolitan Detroit's northern suburbs. The City’s estimated 2019 population is 85,755, making it the largest city in Oakland County. Troy is a leading business and shopping destination with premier office centers and the upscale Somerset Collection. Troy is home to a wide range of businesses - from small family run operations to Fortune 500 companies. Our vibrant and diverse international community is home to strong neighborhoods, top ranked schools, low property tax rates, and outstanding city services.

Troy Market Report

$512,267

AVERAGE PRICE OF 279 HOMES

$530,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,424,208

AVERAGE PRICE OF 13 MULTI-MILLION DOLLAR HOMES

$692,370

AVERAGE PRICE OF 64 NEWLY BUILT HOMES

$440,942

AVERAGE PRICE OF 19 HOMES WITH A POOL

$421,013

AVERAGE PRICE OF 15 REDUCED PRICE HOMES

Average Home

Average Price $512,267
Avg Bedrooms 3.56 beds
Avg Bathrooms 2.34 baths

Average Price by Bedrooms

1 bedroom $119,000
2 bedrooms $302,741
3 bedrooms $376,825
4 bedrooms $574,526
5 bedrooms $838,153
Troy Home Price Trends
  7/2022 6/2022 5/2022 4/2022 3/2022
Total Listings 275 n/a n/a n/a 177
Average Price $522,415 n/a n/a n/a $506,257
Avg Price Change n/a n/a n/a n/a +0.98%
Median Price $447,260 n/a n/a n/a $422,263
Med Price Change n/a n/a n/a n/a +4.88%
Avg Bedrooms 3.54 beds n/a n/a n/a 3.52 beds
Avg Bathrooms 2.36 baths n/a n/a n/a 2.33 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 279 $512,267 87 days
Distressed Homes 1 $530,000 17 days
Multi-Million Dollar Homes 13 $1,424,208 229 days
Newly Built Homes 64 $692,370 226 days
Homes with a Pool 19 $440,942 50 days
Reduced Price Homes 15 $421,013 26 days
Maxim Properties LLC | The Hall Team
Morris Hall REALTOR®
30665 Northwestern Hwy #110
Farmington Hills, MI 48334
888-317-1671

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