Is Troy, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Troy is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Troy has remained a Seller's Market.

Key Takeaway

Troy is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Troy, IL

How much do homes in Troy, IL cost?

Median Sold Price

$335,500

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$7,866(+2.4%)

Key Takeaway

Homes in Troy have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in Troy was $335,500 in December 2024, up 2.4% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$131K
N/A
2 $230K$237.7K
+3.4%
3 $280K$283K
+1.1%
4 $400K$419.5K
+4.9%
5+ $452.4K$432.5K
-4.4%

Summary: Troy housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 4.4%.

Median Sold Price Compared To Nearby Cities

Jarvis Township
+5.6%
Collinsville Township
+5.3%
Troy
+2.4%
Maryville
-1.7%
Pin Oak Township
-5.6%

Housing Supply in Troy, IL

How many homes are available in Troy, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5646-17.9%

Summary: The Troy real estate market had 46 homes for sale in December 2024, a 17.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 2920
-31.0%
4 1415
+7.1%
5+ 87
-12.5%

Summary: The Troy housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 31%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1918-5.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Troy, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Troy in December 2024, down by 5.3% month-over-month. Of the 18 sold homes, 50% were sold under asking, 28% were sold at asking, and 22% were sold over asking.

Days on Market for Troy, IL

How long does it take to sell a home in Troy, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
35 Days64 Days+80.6%

Summary: Homes in Troy had an average of 64 days on market in Dec 2024, up by 80.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Troy has remained consistent over time.

Summary: During December 2024, 18 homes were sold in Troy; 33% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Troy, IL

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