Real Estate Market Update for Troy, MI
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 4% from one year earlier, and down 17% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 370-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 15%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 320-thousand dollars. The number of units sold decreased 2% year-over-year, and decreased 15% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Troy, MI

Area Information for Troy, MI
  • Population: 84,948
  • Median Age: 44.42 yr
  • Median Commute Time: 24 mins
  • Educational Climate*: 5
  • Sales Tax: 0%
  • Population Density: 2,537/sq mi
  • Population Change Since 2000: 4.93%
  • Closest Airport: Detroit Metro Wayne County
  • Closest College: Walsh College
  • Closest Jr. College: Oakland Cmnty College-royal Oak Campus
  • Median Household Income: $104,369
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $337,500
  • Closest Major Sports Team: Detroit Pistons
  • Change Avg. Household Income Since 2000: 32.59%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Troy, MI
Median Age: 44.42 Married: 52% Number of Households: 32,146 Households with Children: 10,324
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Troy, MI

      School Name Distance Type Grades School Rating
      Brookfield Academy - Troy 0.3 mi Private PRESCHOOL-5 0
      Leonard Elementary School 0.5 mi Public K-5 4
      Oakland Homeschool Music - Main 0.6 mi Private - 0
      Wattles Elementary School 0.8 mi Public K-5 5
      Schoolhouse Montessori Academy - Troy 1.4 mi Private PRESCHOOL-K 0
      Martell Elementary School 1.4 mi Public K-5 5
      Costello Elementary School 1.5 mi Public K-5 4
      Troy Center For Transition 1.5 mi Public UNGRADE-UNGRADE 0
      Baker Middle School 1.6 mi Public 6-8 5
      Troy High School 1.6 mi Public 9-12 5
      Smith Middle School 1.6 mi Public 6-8 5
      Boulan Park Middle School 1.7 mi Public 6-8 5
      Bemis Elementary School 1.7 mi Public K-5 5
      Troy Adventist Academy 1.8 mi Private PRESCHOOL-8 0
      Troy Adult Education 1.8 mi Public 9-12 0
      Troy College And Career High School 1.8 mi Public K-12 2
      Morse Elementary School 1.8 mi Public K-5 3
      Athens High School 2.0 mi Public 9-12 5
      Hamilton Elementary School 2.0 mi Public K-5 5
      Troy Union Elementary School 2.2 mi Public K-5 4
      Barnard Elementary School 2.3 mi Public K-5 4
      Woodland Elementary School 2.3 mi Public K-5 1
      Larson Middle School 2.3 mi Public 6-8 5
      Schroeder Elementary School 2.4 mi Public K-5 5
      Bethany Christian School 2.5 mi Private K-12 0
      Hill Elementary School 2.7 mi Public K-5 3
      Wass Elementary School 2.8 mi Public K-5 5
      Pembroke Elementary School 3.0 mi Public K-5 4
      Oakland Childrens Academy 3.1 mi Private PRESCHOOL-5 0
      Susick Elementary School 3.2 mi Public PRESCHOOL-5 1
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Troy, MI
        Data powered by Attom Data Solutions. Copyright© 2022. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.