All Home Types
Troy, MI Housing Market
What is the housing market like in Troy today?
In October 2024, Troy home prices were up 12.7% compared to last year, selling for a median price of $462K. On average, homes in Troy sell after 19 days on the market compared to 16 days last year. There were 87 homes sold in October this year, up from 67 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$462,000
+12.7% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Troy, MI
$462,000
+12.7%
United States
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Troy Migration & Relocation Trends
In Aug '24 - Oct '24, 21% of Troy homebuyers searched to move out of Troy, while 79% looked to stay within the metropolitan area.
- Across the nation, 0.83% of homebuyers searched to move into Troy from outside metros.
- Los Angeles homebuyers searched to move into Troy more than any other metro followed by New York and Washington.
Where are people moving to Troy from?
- 79% of Troy homebuyers searched to stay within the Troy metropolitan area.
- Traverse City was the most popular destination among Troy homebuyers followed by Cape Coral and Kalamazoo.
Where are people from Troy moving to?
Number of People Moving to Troy
least
most
People are moving to Troy from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Aug '24 - Oct '24 | ||
| 1 | 521 | ||
| 2 | 480 | ||
| 3 | 461 | ||
| 4 | 419 | ||
| 5 | 246 | ||
| 6 | 144 | ||
| 7 | 117 | ||
| 8 | 97 | ||
| 9 | 83 | ||
| 10 | 76 | ||
People are leaving Troy for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Aug '24 - Oct '24 | ||
| 1 | 190 | ||
| 2 | 162 | ||
| 3 | 140 | ||
| 4 | 122 | ||
| 5 | 112 | ||
| 6 | 102 | ||
| 7 | 81 | ||
| 8 | 75 | ||
| 9 | 68 | ||
| 10 | 49 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Troy.
Provided by First Street Foundation
Transportation in Troy
Learn about the walkability, bikeability, and transit-friendliness of Troy
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