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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

$607,780

AVERAGE PRICE OF 233 HOMES

$607,046

AVERAGE PRICE OF 221 DISTRESSED HOMES

$1,918,417

AVERAGE PRICE OF 12 MULTI-MILLION DOLLAR HOMES

$758,650

AVERAGE PRICE OF 72 NEWLY BUILT HOMES

$469,538

AVERAGE PRICE OF 13 HOMES WITH A POOL

$463,855

AVERAGE PRICE OF 9 REDUCED PRICE HOMES

Average Home

Average Price $607,780
Avg Bedrooms 3.34 beds
Avg Bathrooms 2.92 baths

Average Price by Bedrooms

1 bedroom $234,500
2 bedrooms $398,718
3 bedrooms $447,879
4 bedrooms $670,080
5 bedrooms $978,900
Troy Home Price Trends
  8/2024 7/2024 6/2024 5/2024 4/2024
Total Listings 373 341 318 105 95
Average Price $629,840 $632,756 $627,831 $688,015 $707,836
Avg Price Change -0.46% +0.78% -9.59% -2.88% +6.12%
Median Price $526,762 $508,997 $489,112 $492,045 $498,017
Med Price Change +3.49% +4.07% -0.60% -1.21% -6.92%
Avg Bedrooms 3.25 beds 3.2 beds 3.14 beds 3 beds 3.01 beds
Avg Bathrooms 2.85 baths 2.84 baths 2.75 baths 2.62 baths 2.63 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 233 $607,780 52 days
Distressed Homes 221 $607,046 52 days
Multi-Million Dollar Homes 12 $1,918,417 81 days
Newly Built Homes 72 $758,650 88 days
Homes with a Pool 13 $469,538 26 days
Reduced Price Homes 9 $463,855 25 days
Maxim Properties LLC | The Hall Team
Morris Hall Realtor®
30665 Northwestern Hwy #110
Farmington Hills, MI 48334
248-522-3180

Fair Housing/Equal Opportunity
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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. .IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Provided through IDX through Realcomp II Ltd. Courtesy of Morris Hall Jr - Maxim Properties, LLC - The Hall Team. Copyright 2024 Realcomp II Ltd. Shareholders
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