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Preforeclosure Homes in Troy, MI 48083

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Troy, MI Foreclosures

How much do homes sell for in Troy, MI?
The average home price is currently $492,105.
In Troy, MI, how many homes are available?
There are currently 3 active home listings available in Troy.
What’s the average rental cost in Troy, MI?
The average rental price in Troy is $2,127.
What is the most expensive home in Troy?
The most expensive home sold in Troy had a price of $11,848,467.
What is currently the cheapest priced home in Troy, MI?
The cheapest home for sale in Troy is priced at $21,310.

Living in Troy, MI

Troy, MI, is a thriving suburban community with excellent schools, abundant shopping, and diverse recreational opportunities. Known for its strong economy and close-knit neighborhoods, Troy offers a perfect blend of urban convenience and suburban charm, making it an ideal location for families and professionals alike.

Current Market Conditions in Troy, MI

Troy's real estate market has shown stability with moderate price growth over the past year. The demand for housing continues to rise due to its excellent location, quality schools, and desirable amenities. Current trends indicate a competitive market with low inventory leading to quicker sales times and increased bidding on some properties.

The rental market in Troy is also strong, driven by professionals seeking proximity to corporate hubs and families wanting access to community resources. As new developments continue to emerge, the market is expected to remain favorable for sellers, while buyers may need to act quickly to secure homes.

Home Value Estimator For Troy, MI

There are currently 27,534 real estate properties in Troy, MI, with a median automated valuation model (AVM) price of $458,608.00. 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, 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 Troy, MI, is $492,105.00, with the most expensive house in Troy, MI, topping out at $11,848,467.00 and the cheapest home in Troy, MI, clocking in at $21,310.00. In other words, there’s something for every potential homebuyer or savvy investor in Troy, MI!

Rent Prices In Troy, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Troy, MI, is on a rollercoaster ride. The average rent price in Troy, MI, is $2,127.00. Indeed, when looking to rent in Troy, MI, you can expect to pay as little as $780.00 or as much as $4,300.00, with the average rent median estimated to be $2,050.00. The good news is that finding an affordable and desirable property to rent in 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.

Troy, MI 48083 Preforeclosure Homes

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