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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

$533,435

AVERAGE PRICE OF 138 HOMES

$374,900

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,552,850

AVERAGE PRICE OF 2 MULTI-MILLION DOLLAR HOMES

$741,093

AVERAGE PRICE OF 39 NEWLY BUILT HOMES

$394,233

AVERAGE PRICE OF 15 HOMES WITH A POOL

$617,700

AVERAGE PRICE OF 5 REDUCED PRICE HOMES

Average Home

Average Price $533,435
Avg Bedrooms 3.46 beds
Avg Bathrooms 2.38 baths

Average Price by Bedrooms

2 bedrooms $444,786
3 bedrooms $377,499
4 bedrooms $602,775
5 bedrooms $730,942
Troy Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 149 145 175 211 223
Average Price $506,460 $525,542 $535,430 $533,491 $532,761
Avg Price Change -3.77% -1.88% +0.36% +0.14% +0.01%
Median Price $423,514 $447,091 $458,661 $460,581 $455,460
Med Price Change -5.57% -2.59% -0.42% +1.12% +0.87%
Avg Bedrooms 3.36 beds 3.46 beds 3.54 beds 3.57 beds 3.59 beds
Avg Bathrooms 2.26 baths 2.31 baths 2.36 baths 2.41 baths 2.45 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 138 $533,435 94 days
Distressed Homes 1 $374,900 30 days
Multi-Million Dollar Homes 2 $1,552,850 887 days
Newly Built Homes 39 $741,093 186 days
Homes with a Pool 15 $394,233 88 days
Reduced Price Homes 5 $617,700 45 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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