The housing market in Troy, Ohio, has shown steady growth throughout 2025. The median sale price has climbed to around $230,000, reflecting a roughly 8% increase year-over-year. Homes are spending an average of 35–40 days on the market, up slightly from around 30 days last year, signaling a shift toward a healthier balance. Sellers are still seeing appreciation, while buyers have a bit more breathing room to shop.
Source: https://www.redfin.com/city/10427/OH/Troy/housing-market
Troy remains fairly active and competitive, especially in the under-$250K range. Nicely updated homes tend to receive multiple offers within the first two weeks of listing. Inventory has increased modestly, allowing buyers a choice of well-maintained properties. Meanwhile, homes above $300K—often custom builds or larger estates—typically stay on the market longer, around 6–8 weeks, giving buyers more negotiation leverage.
Neighborhoods like St. Paris Road and areas near Miami River Trails see the quickest sales, with homes often going under contract in 3–4 weeks. Homes featuring recent kitchen or bathroom improvements, or studios close to parks, tend to sell fastest. In contrast, properties needing significant updates—particularly in older pockets—can linger up to 8–10 weeks, reflecting how condition can impact timing.
Troy draws a mix of local commuters and out-of-state arrivals. About 60% of buyers come from nearby Greene County or Dayton suburbs, while the remaining are relocating from cities like Columbus, Cincinnati, and Indianapolis for better affordability. The town also attracts remote workers and retirees seeking community and slower pace, contributing to a stable influx of new residents.
The peak selling season is late April through June, when buyer activity, weather, and school calendars align. Homes listed during this period tend to sell faster—often within three to five weeks—and at stronger prices. A second, smaller spike occurs in September, when families look to settle before holidays. Listings outside these windows may take longer to secure contracts.
Troy offers a range of housing options:
Starter homes (older ranches and bungalows): $150,000–$200,000
Mid-market family homes (3–4 bedrooms with updated interiors): $200,000–$300,000
Higher-end properties (newer-builds, larger properties): $300,000–$400,000+
This variation means Troy serves first-time buyers, growing families, and downsizers alike while remaining accessible price-wise.
Troy combines small-town charm with convenient proximity to larger metro areas. Its historic downtown features coffee shops, local restaurants, and community events, while parks and river trails boost appeal. With good schools and easy highway access, Troy attracts commuters and families. The city’s sense of community, stable homeownership, and walkable amenities make it a uniquely appealing Midwestern market.
Typical home repair costs in Troy are reasonable:
Basic handyman tasks: $300–$800
Roof replacements (1,400–1,800 sq ft): $6,500–$11,500
HVAC updates or replacements: $5,000–$9,000
Kitchen remodels: $12,000–$30,000, depending on finishes
Bathroom upgrades: $6,000–$18,000
Since many homes are from the late 20th century, some maintenance is expected, but overall repair costs remain affordable in relation to home values.
Troy, Ohio, is a charming city located in Miami County, known for its small-town atmosphere and rich historical heritage. As of 2019, the city’s population exceeded 25,000 residents, with the surrounding metropolitan area continuing to grow. Troy is celebrated for its well-preserved historic downtown, featuring a mix of unique architecture, local shops, and dining options that attract both residents and visitors. The city also boasts a strong sense of community, with an array of cultural events such as the Troy Strawberry Festival and the Miami County Fair, which contribute to its vibrant atmosphere. Known for its excellent schools and family-friendly environment, Troy offers a welcoming place for people of all ages.
The economy in Troy is diverse, with manufacturing, retail, and healthcare playing pivotal roles in sustaining local growth. The city is home to numerous industries, including high-tech manufacturing and logistics, thanks in part to its proximity to major highways and transportation routes. The housing market in Troy has remained affordable, offering a range of properties from charming historic homes to newer developments. The city is also investing in revitalizing certain areas, with downtown Troy seeing ongoing improvements that continue to attract both businesses and residents. With its strong local economy, rich cultural heritage, and proximity to larger cities like Dayton, Troy remains an attractive destination for individuals and families looking to live in a community-oriented city with a slower pace of life.
Yes, H3 Homebuyers purchase homes with either cash, check, or wire transfer, depending on what is most convenient for the seller at closing. We provide fair offers swiftly, allowing you to proceed with confidence.
