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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Troy Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Troy Township, IL

How much do homes in Troy Township, IL cost?

Median Sold Price

$325,166

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,266(+8.4%)

Key Takeaway

Homes in Troy Township have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in Troy Township was $325,166 in October 2024, up 8.4% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $130.5K$113.5K
-13.0%
2 $225K$250K
+11.1%
3 $285K$315K
+10.5%
4 $373.9K$402K
+7.5%
5+ $417.5K$407.5K
-2.4%

Summary: Troy Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 2.4%.

Median Sold Price Compared To Nearby Cities

Shorewood
+14.4%
Joliet Township
+10.6%
Troy Township
+8.4%
Joliet
+6.1%
Plainfield Township
+5.3%

Housing Supply in Troy Township, IL

How many homes are available in Troy Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
248252+1.6%

Summary: The Troy Township real estate market had 252 homes for sale in October 2024, a 1.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 5149
-3.9%
3 125126
+0.8%
4 6066
+10.0%
5+ 1110
-9.1%

Summary: The Troy Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
7870-10.3%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Troy Township, you may be able to get a good deal. 38.6% of homes here sold below asking price last month.

Summary: A total of 70 homes were sold or pending in Troy Township in October 2024, down by 10.3% month-over-month. Of the 70 sold homes, 39% were sold under asking, 23% were sold at asking, and 39% were sold over asking.

Days on Market for Troy Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days28 Days+1.6%

Summary: Homes in Troy Township had an average of 28 days on market in Oct 2024, up by 1.6% compared to last year.

Breakdown of Home Sale Times

52 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Troy Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 70 homes were sold in Troy Township; 74% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 7% 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 20 Days Ago

Newest Listings in Troy Township, IL

Nearby Markets to Troy Township, IL

What housing markets are near Troy Township, IL?