Why Live in Troy
Troy, MI, a suburb north of Detroit, is known for its highly rated schools, diverse population, and extensive shopping and dining options. With a population of around 87,000, it is the largest community in Oakland County. Nearly 30% of residents are foreign-born, contributing to the city's rich cultural diversity. The Troy School District is highly rated, with Barnard Elementary School and Leonard Elementary School recognized as National Blue Ribbon schools. Troy offers a variety of attractions, including the Somerset Collection mall on Big Beaver Road, which features upscale shops like Cartier and Coach. Dining options are equally diverse, ranging from Italian at Maggiano's Little Italy to Japanese at Benihana. The city is home to several parks, such as Firefighters Park and Boulan Park, which offer athletic fields, playgrounds, and a new cricket field. The Troy Community Center provides indoor swimming and gym facilities, while the Buffalo Wild Wings Arena caters to ice skating and hockey enthusiasts. Housing options in Troy include ranch and split-level homes from the 1960s and 70s, as well as contemporary styles and new builds. The city is traversed by Interstate 75, offering direct access to downtown Detroit, and is served by the SMART bus system. Major employers include HTC Global Services and Beaumont Hospital—Troy. Troy's violent crime rate is well below the state average, making it a safer than average community. The city hosts various family-friendly events throughout the year, such as Troy Family Daze and programs at the Troy Museum & Historic Village and Stage Nature Center.
Home Trends in Troy, MI
On average, homes in Troy, MI sell after 25 days on the market compared to the national average of 50 days. The median sale price for homes in Troy, MI over the last 12 months is $455,000, up 10% from the median home sale price over the previous 12 months.
Median Sale Price
$455,000
Median Single Family Sale Price
$480,000
Median Townhouse Sale Price
$474,805
Median 2 Bedroom Sale Price
$255,000
Median 1 Bedroom Sale Price
$160,000
Average Price Per Sq Ft
$241
Number of Homes for Sale
141
Last 12 months Home Sales
891
Median List Price
$462,250
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
10%