$2,719 Closing Credit*
$229,000
1,740 SqFt
3 Beds
•1 Full Bath, 1 Partial
Colin McDonald, Listing Office: McDonald Real Estate Company, LLC
Is Troy, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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, NY
How much do homes in Troy, NY cost?
Median Sold Price
$244,975
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,975(+11.9%)
Key Takeaway
Homes in Troy have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Troy was $244,975 in October 2024, up 11.9% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $75K | -34.8% |
| 2 Bedrooms | $201K | $212K | +5.5% |
| 3 Bedrooms | $241K | $250K | +3.7% |
| 4 Bedrooms | $213.5K | $254.7K | +19.3% |
| 5+ Bedrooms | $206.3K | $250K | +21.2% |
Summary: Troy housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.8%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 21.2%.
Median Sold Price Compared To Nearby Cities
| Watervliet | $217.9K | $250K | +14.7% |
| Brunswick | $283K | $320K | +13.1% |
| Troy | $219K | $244.9K | +11.9% |
| Cohoes | $260K | $274.5K | +5.6% |
Housing Supply in Troy, NY
How many homes are available in Troy, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 274 | 262 | -4.4% |
Summary: The Troy real estate market had 262 homes for sale in October 2024, a 4.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 25 | 26 | +4.0% |
| 3 Bedrooms | 96 | 78 | -18.8% |
| 4 Bedrooms | 57 | 56 | -1.8% |
| 5+ Bedrooms | 96 | 101 | +5.2% |
Summary: The Troy housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 4%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 5.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 72 | +44.0% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Troy, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 72 homes were sold or pending in Troy in October 2024, up by 44.0% month-over-month. Of the 72 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% were sold over asking.
Days on Market for Troy, NY
How long does it take to sell a home in Troy, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 24 Days | -16.6% |
Summary: Homes in Troy had an average of 24 days on market in Oct 2024, down by 16.6% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 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 October 2024, 72 homes were sold in Troy; 78% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. 
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.