Explore Troy
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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 Prices in Troy, MI
The median home sale price in Troy, MI is $449,122, down 3% year-over-year. Homes in Troy sell in 28 days on average, compared to the national average of 58 days.
Home Price Trends
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Median Sale Price
$449,122
|
Median Single Family Sale Price
$482,500
|
|
Median Townhouse Sale Price
$425,000
|
Median 2 Bedroom Sale Price
$305,000
|
|
Median 1 Bedroom Sale Price
$168,000
|
Average Price Per Sq Ft
$232
|
|
Number of Homes for Sale
157
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Last 12 months Home Sales
852
|
|
Months of Supply
2.20
|
Median List Price
$450,000
|
|
Median Change From 1st List Price
0%
|
Median Home Sale Price YoY Change
-3%
|
Troy Types of Homes for Sale
Troy Real Estate Listings
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