$2,595 Closing Credit*
$218,500
1,213 SqFt
2 Beds
•1 Full Bath
John Belanger, Listing Office: Royalview Realty Inc
Is Troy, NY 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 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
$250,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,833(+14.6%)
Key Takeaway
Homes in Troy have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in Troy was $250,000 in November 2024, up 14.6% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $75K | -34.8% |
| 2 Bedrooms | $203K | $219.3K | +8.0% |
| 3 Bedrooms | $243.5K | $251K | +3.1% |
| 4 Bedrooms | $210K | $260K | +23.8% |
| 5+ Bedrooms | $205K | $255K | +24.4% |
Summary: Troy housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.8%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 24.4%.
Median Sold Price Compared To Nearby Cities
| Watervliet | $214.8K | $257.2K | +19.8% |
| Cohoes | $253.7K | $293K | +15.5% |
| Troy | $218.1K | $250K | +14.6% |
| Brunswick | $285K | $318.4K | +11.7% |
Housing Supply in Troy, NY
How many homes are available in Troy, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 288 | 222 | -22.9% |
Summary: The Troy real estate market had 222 homes for sale in November 2024, a 22.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 30 | 29 | -3.3% |
| 3 Bedrooms | 88 | 62 | -29.5% |
| 4 Bedrooms | 61 | 46 | -24.6% |
| 5+ Bedrooms | 108 | 85 | -21.3% |
Summary: The Troy housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 29.5%, 4 bedroom homes decreased by 24.6%, and 5+ bedroom homes decreased by 21.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 79 | 58 | -26.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Troy, you could pay more than the asking price. 48.3% of homes here sold above asking price last month.
Summary: A total of 58 homes were sold or pending in Troy in November 2024, down by 26.6% month-over-month. Of the 58 sold homes, 31% were sold under asking, 21% were sold at asking, and 48% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 24 Days | -26.7% |
Summary: Homes in Troy had an average of 24 days on market in Nov 2024, down by 26.7% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 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 November 2024, 58 homes were sold in Troy; 78% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 7% 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. 
Information should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 Columbia Greene Northern Dutchess Multiple Listing Service. All rights reserved.
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.