Is Troy, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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, NC
How much do homes in Troy, NC cost?
Median Sold Price
$210,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Troy have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Troy was $210,000 in May 2024, up 9.1% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $67K | -50.4% |
| 2 Bedrooms | $134K | $111.2K | -17.0% |
| 3 Bedrooms | $182K | $217.5K | +19.5% |
| 4 Bedrooms | $365K | $310K | -15.1% |
| 5+ Bedrooms | $900K | $410K | -54.4% |
Summary: Troy housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.4%, 2 bedroom homes decreased by 17%, 3 bedroom homes increased by 19.5%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes decreased by 54.4%.
Median Sold Price Compared To Nearby Cities
| Troy | $192.5K | $210K | +9.1% |
| Troy Township | $192.5K | $210K | +9.1% |
Housing Supply in Troy, NC
How many homes are available in Troy, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Summary: The Troy real estate market had 23 homes for sale in May 2024, a 4.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
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 decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Troy, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Troy in May 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Troy, NC
How long does it take to sell a home in Troy, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 57 Days | +365.6% |
Summary: Homes in Troy had an average of 57 days on market in May 2024, up by 365.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Troy are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Troy; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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