Homes for Sale Under 500K in Troy, MI

233 Homes for Sale

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Troy, MI Housing Market Overview

Troy is moving fast, and is a seller's market. Just 1 months of supply and 37.5 days on the market mean less competition for buyers and more leverage for you.

Status

Seller's Market

Days on Market

38

Inventory

233

Aug 2021May 2024Jul 2026

Median Home Price

$465,000Up 13.41%

In Jul 2026 · YoY

Aug 2021May 2024Jul 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
233 Up 64.29%
Newly Listed Homes
195 Up 35.42%
Months of Supply
1 Down 9.13%

Housing Demand

Homes Sold
367 Up 80.79%
Sale-to-List Ratio
100.4% Down 0.51%
Homes Sold Above List
44.4% Up 8.38%

30-yr fixed rate 6.23% · Data as of Jul 2026 · Source: Houzeo Research.

View Full Troy Market Report
  • mls-imgIDX Logo
    Based on information from the Board/Association of REALTORS® (alternatively, from the Realcomp II Ltd. MLS) through Sep 23, 2026, 1:00 AM. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified. IDX provided courtesy of Realcomp II Ltd. via Andover Real Estate & Houzeo, Copyright 2026 Realcomp II Ltd. Shareholders Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listing Information presented by local MLS brokerage: Andover Real Estate, local REALTOR®- Scott Rubin - (248)206-3666 . Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. ​© 2024 Realcomp II Ltd. MLS. All Rights Reserved.
  • mls-imgIDX Logo
    Based on information from MiRealSource through Sep 23, 2026, 1:00 AM . All information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Provided through IDX via MiRealSource, Inc. Courtesy of MiRealSource Shareholder. © 2026 MiRealSource. All Rights Reserved.
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Troy, MI Housing Marketlink qauare
Homes Available icon

233

Homes Available

Median List Price icon

$ 465,000

Median List Price

Avg on Market icon

37.5 Days

Avg on Market

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