Troy Housing Market Report April 2025•Pike County, Alabama

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Housing Prices in Troy, AL

How much do homes in Troy, AL cost?

Housing Market Conditions

Is Troy, AL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Troy is a Neutral Market

Difference Since March 2025

Last month, Troy was a Buyer's Market.

Insight

Troy is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$247,500$154/SqFt
+$59,600
+31.7%

Based on all homes sold in April 2025

Insight

Homes in Troy have sold for 31.7% more than they did a month ago.

Summary: The median home sold price in Troy was $247,500 in April 2025, up 31.7% from last month, and the median price per square foot was $154.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2025Apr 2025Change MoM
1--
N/A
2$29.9K-
N/A
3-$247.5K
N/A
4--
N/A
5$345.9K-
N/A

Summary: Troy housing price by bedroom type for April 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Troy, AL compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Troy, AL

Housing supply in Troy, AL

How many homes are available in Troy, AL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
19Last MonthApr 2025
162 months agoMar 2025
+18.8 %
Change MoMMar – Apr

Summary: The Troy real estate market had 19 homes for sale in Apr 2025, a 18.8 % increase compared to Mar 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
3Last MonthApr 2025
22 months agoMar 2025
+50.0 %
Change MoMMar – Apr

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMar 2025Apr 2025Change MoM
100
0.0%
211
0.0%
3910
+11.1%
447
+75.0%
521
-50.0%

Summary: Troy housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +11.1%. The inventory for 4 bedroom homes increased by +75.0%. The inventory for 5 bedroom homes decreased by -50.0%.

Asking Price vs. Sold Price

How much do homes in Troy, AL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price2 Homes

Under Asking Price1 Home

Insight

If you're buying a home in Troy, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Troy in April 2025, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and and 0% were sold over asking.

Days on Market for Troy, AL

How long does it take to sell a home in Troy, AL?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days2 Homes

Insight

Most homes in Troy are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2025, 3 homes were sold in Troy; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
105 DaysLast MonthApr 2025
88 Days1 month agoMar 2025
+19.7 %
Change MoMMar – Apr

Summary: Homes in Troy had an average listing age of 105 days in Apr 2025, up by 19.7% compared to the previous month.

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Newest Listings in Troy, AL

What homes are available in Troy, AL?

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Nearby markets aren't available for Troy, AL

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MLS Disclaimers and Copyright

Based on information from Montgomery Area Association of Realtors MLS, Dothan Multiple Listing Service Inc., and Lake Martin Area Association of REALTORS® MLS for the period 03/01/2025 - 05/01/2025

IDX Listing Information Copyright 2025 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®, Inc. All rights reserved. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than this broker are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. Equal Housing
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/30/2025, 3:20:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Information on this website is provided exclusively for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. Information on this website cannot be "scraped" or used without written permission from the Dothan Multiple Listing Service, Inc.®. The data relating to real estate for sale on this website comes in part from the (IDX) Internet Data Exchange Program of the Dothan Multiple Listing Service, Inc.®. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Real estate listings held by brokerage firms other than the owner of this website are marked with the Internet Data Exchange logo (IDX) or the Internet Data Exchange brief/thumbnail logo and detailed information about them includes the name of the listing firm.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/30/2025, 3:15:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Information is deemed to be reliable, but is not guaranteed. © 2025 Lake Martin Area Association of REALTORS®. Prepared by Lake Martin Area Association of Realtors. The information on this sheet has been made available by the MLS and may not be the listing of the provider. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/30/2025, 3:15:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.