Is Troy Township, OH 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, OH

How much do homes in Troy Township, OH cost?

Median Sold Price

$279,500

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$22,263(+8.7%)

Key Takeaway

Homes in Troy Township have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in Troy Township was $279,500 in November 2024, up 8.7% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $64.5K-
N/A
2 $136.8K$174.9K
+27.9%
3 $239.5K$259.9K
+8.5%
4 $365K$384K
+5.2%
5+ $357K$480K
+34.5%

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 27.9%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 34.5%.

Median Sold Price Compared To Nearby Cities

Troy Township
+8.7%
Woodville Township
+5.5%
Clay Township
-1.7%
Lake Township
-1.9%

Housing Supply in Troy Township, OH

How many homes are available in Troy Township, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
123126+2.4%

Summary: The Troy Township real estate market had 126 homes for sale in November 2024, a 2.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2119
-9.5%
3 5865
+12.1%
4 3027
-10.0%
5+ 1415
+7.1%

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 decreased by 9.5%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 7.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3031+3.3%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

7 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. 45.2% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Troy Township in November 2024, up by 3.3% month-over-month. Of the 31 sold homes, 45% were sold under asking, 32% were sold at asking, and 23% were sold over asking.

Days on Market for Troy Township, OH

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Troy Township, OH

Nearby Markets to Troy Township, OH

What housing markets are near Troy Township, OH?