Troy, NY Home Values & Market Trends
Real estate market trends reflect that there have been 1,045 transactions over the past year in Troy. The median value for residential home transactions that occurred over the previous year is $232,641.73. The number of current listings in Troy is 52, and the percentage of properties for sale in the city is 52.00%. Troy, NY currently has 258 properties in foreclosure, 3 bank owned properties, 9 properties headed for auction, and 52 properties for sale.
Troy, NY Real Estate Market Overview
Housing Market Summary for Troy, NY
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $179.5K | $217.2K | 21.01% |
| Median Sold Price | $182.5K | $217.2K | 19.03% |
| Homes For Sale | 70 | 53 | -24.29% |
| Homes Sold | 575 | 411 | -28.52% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Troy, NY
Browse Homes in Troy, NY
Troy home values range from $19,650 to $5,213,149. The median estimated value of a home in Troy is $232,641.73. The median list price of a home is 220,000, and the total count of properties in the city is 17,011.
- Pre-ForeclosurePre-foreclosure homes account for 1.45% of all residential properties in Troy, NY with 12180 containing 158 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 6 zips within Troy, NY; of those zips, the estimated home value for pre-foreclosure homes ranges from $541,750 in 12183 to the lowest home value of $24,660 in 12182.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Troy, NY ranges from the highest value of $150,585 in 12182 to the lowest value of $131,805 in 12180. Bank owned homes and properties account for 0.02% of properties in Troy, NY. There are 6 zips within Troy, NY; 12180 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions12182 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Troy, NY. Auction homes and other auction properties account for 0.05% of all properties in Troy, NY. There are 6 zips within Troy, NY; of those zips, the median estimated home value for homes going to auction ranges from $256,685 in 12180 to the lowest value of $71,435 in 12180.
Compare Nearby Cities
More Real Estate Resources for Troy, NY
Guide for Troy, NY
The real estate market in Syracuse, New York is experiencing a surge in property values and sale prices, with homes typically selling above their listed prices.
The Albany real estate market from April 2023 to March 2024 showed a clear positive trend, with rising property values and sale prices offset by fluctuating property counts.
Amid rapid fluctuations in the Rochester real estate sector, a steady increase in the average sale price per square foot has been observed from March 2023 to February 2024. Surrounding cities like East Rochester, Webster, Penfield, Spencerport, and West Henrietta have experienced unique trends, providing a diverse regional real estate climate.
New York City’s real estate market from August 2023 to January 2024 witnessed roughly an 8% increase in average property values, along with fluctuations in per square foot values and sold prices.
