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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

$631,910

AVERAGE PRICE OF 112 HOMES

$2,514,250

AVERAGE PRICE OF 8 MULTI-MILLION DOLLAR HOMES

$778,087

AVERAGE PRICE OF 22 NEWLY BUILT HOMES

$421,633

AVERAGE PRICE OF 3 REDUCED PRICE HOMES

Average Home

Average Price $631,910
Avg Bedrooms 3.06 beds
Avg Bathrooms 2.59 baths

Average Price by Bedrooms

2 bedrooms $372,290
3 bedrooms $426,840
4 bedrooms $657,029
5 bedrooms $914,580
Troy Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 105 95 74 7 11
Average Price $688,015 $707,836 $666,993 $645,379 $518,367
Avg Price Change -2.88% +6.12% +3.35% +24.50% n/a
Median Price $492,045 $498,017 $532,466 $646,333 $431,400
Med Price Change -1.21% -6.92% -21.38% +49.82% n/a
Avg Bedrooms 3 beds 3.01 beds 3.03 beds 3.19 beds 3.02 beds
Avg Bathrooms 2.62 baths 2.63 baths 2.51 baths 2.47 baths 2.44 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Troy High School 1 $809,000 46 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 112 $631,910 42 days
Multi-Million Dollar Homes 8 $2,514,250 80 days
Newly Built Homes 22 $778,087 83 days
Reduced Price Homes 3 $421,633 27 days
Maxim Properties LLC | The Hall Team
Morris Hall Realtor®
30665 Northwestern Hwy #110
Farmington Hills, MI 48334
248-522-3180

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
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