Troy, AL Foreclosures
Current Market Conditions in in Troy, AL As of March 2026?
Over the past month, Troy's real estate market has shown signs of stabilization, with a slight increase in new listings but also a decrease in the average days on the market. This change indicates that while the inventory is increasing, motivated buyers are still actively pursuing homes, leading to quicker sales compared to previous months. The overall affordability continues to attract first-time buyers eager to establish roots in the community.
How much do homes sell for in Troy, AL?
The average home price is currently $230,615.
In Troy, AL, how many homes are available?
There are currently 113 active home listings available in Troy.
What’s the average rental cost in Troy, AL?
The average rental price in Troy is $1,000.
What is the most expensive home in Troy?
The most expensive home sold in Troy had a price of $14,278,793.
What is currently the cheapest priced home in Troy, AL?
The cheapest home for sale in Troy is priced at $10,070.
Living in Troy, AL
Troy, Alabama, a picturesque city known for its hospitable community and historical significance, offers both charm and convenience. With Troy University as a central feature, residents benefit from vibrant cultural influences and educational amenities. The city provides an excellent blend of outdoor activities and local events, making it a wonderful place to call home.
Buyer vs Seller Market in Troy, AL
The real estate market in Troy, AL is currently experiencing moderate growth, with housing prices steadily increasing due to the town's appeal and economic opportunities. Many buyers are attracted to the area's affordability compared to larger cities, which contributes to a competitive market for homes, especially those near Troy University.
The availability of diverse housing options, from historic homes to newer developments, caters to various buyer preferences. Investors are also taking notice of the area's potential for rental income, particularly near the university campuses, where student housing demand remains strong.
Home Value Estimator For Troy, AL
There are currently 6,213 real estate properties
in Troy, AL,
with a median automated valuation model (AVM) price
of $190,208.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Troy, AL, 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 Troy, AL,
is $230,615.00, with the most expensive house
in Troy, AL, topping out
at $14,278,793.00 and the cheapest home
in Troy, AL,
clocking in at $10,070.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Troy, AL!
Rent Prices
In Troy, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Troy, AL, is on
a rollercoaster ride. The
average rent price in Troy, AL,
is $1,000.00. Indeed, when looking to rent in
Troy, AL, you can expect to pay as little
as $440.00 or as much
as $2,060.00,
with the average rent median estimated to
be $970.00. The good news is that finding
an affordable and desirable property to rent in Troy, AL
-- 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.
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