Is Troy Township, NC 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 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, NC

How much do homes in Troy Township, NC cost?

Median Sold Price

$234,000

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$24,000(+11.4%)

Key Takeaway

Homes in Troy Township have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in Troy Township was $234,000 in November 2024, up 11.4% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $67K-
N/A
2 $131K$170K
+29.8%
3 $195K$238.5K
+22.3%
4 $350K$185K
-47.1%
5+ $489.7K$529.5K
+8.1%

Summary: Troy Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.8%, 3 bedroom homes increased by 22.3%, 4 bedroom homes decreased by 47.1%, and 5+ bedroom homes increased by 8.1%.

Median Sold Price Compared To Nearby Cities

Troy
+13.5%
Troy Township
+11.4%
Biscoe Township
-16.7%

Housing Supply in Troy Township, NC

How many homes are available in Troy Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
27270.0%

Summary: The Troy Township real estate market had 27 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 78
+14.3%
3 1415
+7.1%
4 33
0.0%
5+ 31
-66.7%

Summary: The Troy Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 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. 87.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Troy Township in November 2024, up by 33.3% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.

Days on Market for Troy Township, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
5 Days44 Days+678.3%

Summary: Homes in Troy Township had an average of 44 days on market in Nov 2024, up by 678.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 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 November 2024, 8 homes were sold in Troy Township; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% 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 22 Days Ago

Newest Listings in Troy Township, NC

Nearby Markets to Troy Township, NC

What housing markets are near Troy Township, NC?