Troy, IL Home Values & Market Trends
Real estate market trends reflect that there have been 289 transactions over the past year in Troy. The median value for residential home transactions that occurred over the previous year is $268,912.37. The number of current listings in Troy is 22, and the percentage of properties for sale in the city is 22.00%. Troy, IL currently has 20 properties in foreclosure, 2 bank owned properties, 4 properties headed for auction, and 22 properties for sale.
Troy, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 62294 | $ 245,000 $ 139/sqft |
Housing Market Summary for Troy, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $320K | $282.5K | -11.72% |
| Median Sold Price | $242.5K | $282.5K | 16.49% |
| Homes For Sale | 13 | 19 | 46.15% |
| Homes Sold | 106 | 108 | 1.89% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Troy, IL
Browse Homes in Troy, IL
Troy home values range from $31,817 to $1,487,421. The median estimated value of a home in Troy is $268,912.37. The median list price of a home is 245,000, and the total count of properties in the city is 5,363.
- Pre-ForeclosurePre-foreclosure homes account for 0.26% of all residential properties in Troy, IL with 62294 containing 14 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Troy, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $411,797 in 62294 to the lowest home value of $130,280 in 62294.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Troy, IL ranges from the highest value of $139,427 in 62294 to the lowest value of $133,564 in 62294. Bank owned homes and properties account for 0.04% of properties in Troy, IL. There is 1 zips within Troy, IL; 62294 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions62294 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Troy, IL. Auction homes and other auction properties account for 0.07% of all properties in Troy, IL. There is 1 zips within Troy, IL; of that zips, the median estimated home value for homes going to auction ranges from $236,750 in 62294 to the lowest value of $111,175 in 62294.
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