$4,228 Closing Credit*
$356,000
1,863 SqFt
4 Beds
•1 Full Bath, 1 Partial
Ameer Yaldo, Listing Office: ERA Prime Real Estate Group
Is Troy Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, MI
How much do homes in Troy Township, MI cost?
Median Sold Price
$449,500
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,500(+7.0%)
Key Takeaway
Homes in Troy Township have sold for 7% more than they did a year ago.
Summary: The median home sold price in Troy Township was $449,500 in November 2024, up 7% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $141K | +12.8% |
| 2 Bedrooms | $267.5K | $283.7K | +6.1% |
| 3 Bedrooms | $361.9K | $372K | +2.8% |
| 4 Bedrooms | $522.7K | $576.5K | +10.3% |
| 5+ Bedrooms | $685K | $726K | +6.0% |
Summary: Troy Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Cities
| Bitely | $132K | $161.5K | +22.3% |
| Troy Township | $420K | $449.5K | +7.0% |
| Lilley Township | $147.5K | $153K | +3.7% |
| Lake Township | $150K | $150.5K | 0.3% |
Housing Supply in Troy Township, MI
How many homes are available in Troy Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 244 | 217 | -11.1% |
Summary: The Troy Township real estate market had 217 homes for sale in November 2024, a 11.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 27 | 22 | -18.5% |
| 3 Bedrooms | 94 | 94 | 0.0% |
| 4 Bedrooms | 105 | 87 | -17.1% |
| 5+ Bedrooms | 17 | 12 | -29.4% |
Summary: The Troy Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 18.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes decreased by 29.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 87 | 51 | -41.4% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Troy Township, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Troy Township in November 2024, down by 41.4% month-over-month. Of the 51 sold homes, 53% were sold under asking, 16% were sold at asking, and 31% were sold over asking.
Days on Market for Troy Township, MI
How long does it take to sell a home in Troy Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 26 Days | +40.8% |
Summary: Homes in Troy Township had an average of 26 days on market in Nov 2024, up by 40.8% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Troy Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 51 homes were sold in Troy Township; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
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