Is Troy, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Troy was a Seller's Market.
Housing Prices in Troy, WI
How much do homes in Troy, WI cost?
Median Sold Price
$633,500
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Troy was $633,500 in May 2024, up 9.2% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $449K | - | N/A |
2 Bedrooms | $390K | $660K | +69.2% |
3 Bedrooms | $497K | $500K | +0.6% |
4 Bedrooms | $580K | $712.5K | +22.8% |
5+ Bedrooms | $785K | $699.9K | -10.8% |
Summary: Troy housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 69.2%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 22.8%, and 5+ bedroom homes decreased by 10.8%.
Median Sold Price Compared To Nearby Cities
Troy | $580K | $633.5K | +9.2% |
River Falls | $351K | $380.5K | +8.4% |
Afton | $650K | $701.5K | +7.9% |
Hudson | $444.9K | $445K | 0.0% |
Housing Supply in Troy, WI
How many homes are available in Troy, WI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
57 | 66 | +15.8% |
Summary: The Troy real estate market had 66 homes for sale in May 2024, a 15.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 18 | 35 | +94.4% |
4 Bedrooms | 16 | 14 | -12.5% |
5+ Bedrooms | 17 | 11 | -35.3% |
Summary: The Troy housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 94.4%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 35.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 8 | -52.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Troy in May 2024, down by 52.9% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for Troy, WI
How long does it take to sell a home in Troy, WI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
59 Days | 33 Days | -43.2% |
Summary: Homes in Troy had an average of 33 days on market in May 2024, down by 43.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Troy; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.