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Foreclosure Homes in New Troy, MI

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New Troy, MI Foreclosures

How much do homes sell for in New Troy, MI?
The average home price is currently $227,581.
In New Troy, MI, how many homes are available?
There are currently 149 active home listings available in New Troy.
What’s the average rental cost in New Troy, MI?
The average rental price in New Troy is $1,361.
What is the most expensive home in New Troy?
The most expensive home sold in New Troy had a price of $719,500.
What is currently the cheapest priced home in New Troy, MI?
The cheapest home for sale in New Troy is priced at $51,000.

Living in New Troy, MI

New Troy, Michigan, is a tranquil rural community with a rich agricultural background. It offers a wonderful quality of life with its friendly atmosphere, local amenities, and educational opportunities. Residents enjoy the scenic landscapes and the sense of community that comes with small-town living.

Current Market Conditions in New Troy, MI

The real estate market in New Troy is currently characterized by steady demand and a limited supply of homes for sale, which has resulted in rising property values over the past year. Investors can find a variety of residential options that range from charming older homes to modern constructions, catering to a diverse clientele.

With the ongoing trends of remote work and interest in rural living, New Troy is becoming increasingly attractive to buyers looking for peace and outdoor space while still being accessible to urban conveniences. This provides a promising outlook for real estate investors looking to capitalize on the current market dynamics.

Home Value Estimator For New Troy, MI

There are currently 34 real estate properties in New Troy, MI, with a median automated valuation model (AVM) price of $208,414.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in New Troy, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in New Troy, MI, is $227,581.00, with the most expensive house in New Troy, MI, topping out at $719,500.00 and the cheapest home in New Troy, MI, clocking in at $51,000.00. In other words, there’s something for every potential homebuyer or savvy investor in New Troy, MI!

Rent Prices In New Troy, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in New Troy, MI, is on a rollercoaster ride. The average rent price in New Troy, MI, is $1,361.00. Indeed, when looking to rent in New Troy, MI, you can expect to pay as little as $1,080.00 or as much as $1,610.00, with the average rent median estimated to be $1,340.00. The good news is that finding an affordable and desirable property to rent in New Troy, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

New Troy, MI Foreclosures


Market Trend for New Troy, MI

Total Listings Available: 149

Market Values:

Home Prices from $51,000 to $719,500

Average Sales Price: $227,581

Rental Values:

Rental from $1,080 to $1,610

Average Rent Value: $1,361 / month

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