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 September 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

$322,500

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$7,450(-2.3%)

Key Takeaway

Homes in Troy have sold for 2.3% less than they did a year ago.

Summary: The median home sold price in Troy was $322,500 in September 2024, down 2.3% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$131K
N/A
2 $234.2K$225.5K
-3.7%
3 $251.4K$281K
+11.8%
4 $393.9K$423.9K
+7.6%
5+ $457.4K$395K
-13.7%

Summary: Troy housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 13.7%.

Median Sold Price Compared To Nearby Cities

Collinsville Township
+8.8%
Maryville
+4.4%
Jarvis Township
-0.6%
Troy
-2.3%
Pin Oak Township
-11.2%

Housing Supply in Troy, IL

How many homes are available in Troy, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
6973+5.8%

Summary: The Troy real estate market had 73 homes for sale in September 2024, a 5.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 33
0.0%
3 4144
+7.3%
4 1718
+5.9%
5+ 88
0.0%

Summary: The Troy housing inventory by bedroom type for September 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 7.3%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1221+75.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

7 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. 47.6% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Troy in September 2024, up by 75.0% month-over-month. Of the 21 sold homes, 48% were sold under asking, 33% were sold at asking, and 19% 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

Sep 2023Sep 2024CHANGE
35 Days49 Days+37.6%

Summary: Homes in Troy had an average of 49 days on market in Sep 2024, up by 37.6% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 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 September 2024, 21 homes were sold in Troy; 43% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 10% 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 29 Days Ago

Newest Listings in Troy, IL

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