Why Live in Troy
Troy, located just over 20 miles north of downtown Detroit, is the largest community in Oakland County and is recognized as one of the top 100 best places to live in the US in 2023. The neighborhood is characterized by sidewalks, well-maintained lawns, and a mix of Colonial Revival, ranch-style, and new build homes. Home styles include detached brick condos with carports, and prices vary, with some homes around $400,000 and others reaching up to $1 million. The Troy School District is highly regarded, with Bemis Elementary, Smith Middle, and Troy High all earning top ratings. The area is rich in things to do, with attractions like the Somerset Mall, Stage Nature Center, and Sylvan Glen Lake Park offering shopping, nature trails, and recreational activities. The Troy Historic Village and Ridgedale Players theater provide cultural experiences, while dining options range from fine dining at Capital Grille to the cozy Camp Ticonderoga. Grocery stores like Kroger and Whole Foods are easily accessible. Although Troy is considered car-dependent, the Troy Transit Center provides public transportation options. With its award-winning schools and diverse amenities, Troy offers a balanced lifestyle for its residents.
Home Trends in Troy, MI
On average, homes in Troy, MI sell after 83 days on the market compared to the national average of 69 days. The median sale price for homes in Troy, MI over the last 12 months is $405,000, down 7% from the median home sale price over the previous 12 months.
Median Sale Price
$405,000
Median Single Family Sale Price
$425,000
Median Townhouse Sale Price
$349,000
Median 2 Bedroom Sale Price
$359,900
Median 1 Bedroom Sale Price
$250,000
Average Price Per Sq Ft
$241
Number of Homes for Sale
135
Last 12 months Home Sales
1,443
Median List Price
$419,270
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-7%
