Is Troy, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Troy has remained a Buyer's Market.
Housing Prices in Troy, MT
How much do homes in Troy, MT cost?
Median Sold Price
$324,500
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Troy was $324,500 in April 2024, down 14.6% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $263.2K | $304.5K | +15.7% |
2 Bedrooms | $398K | $256.5K | -35.6% |
3 Bedrooms | $402.5K | $410K | +1.9% |
4 Bedrooms | $487K | $125K | -74.3% |
5+ Bedrooms | $305K | $329K | +7.9% |
Summary: Troy housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes decreased by 35.6%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 74.3%, and 5+ bedroom homes increased by 7.9%.
Housing Supply in Troy, MT
How many homes are available in Troy, MT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 49 | +19.5% |
Summary: The Troy real estate market had 49 homes for sale in April 2024, a 19.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 15 | 17 | +13.3% |
3 Bedrooms | 16 | 19 | +18.8% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Troy housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Troy in April 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Troy, MT
How long does it take to sell a home in Troy, MT?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
367 Days | 226 Days | -38.4% |
Summary: Homes in Troy had an average of 226 days on market in Apr 2024, down by 38.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in Troy; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.