Troy Illinois Real Estate Market Report

By
Real Estate Agent with Equity Fifty Five Realty, LLC

The city of Troy, Illinois is 15 miles northeast of downtown St. Louis. Located at the crossroads of Interstate 55, Illinois Route 162, and U.S 40; Troy's location has played a key role in its history and present growth.
Troy Il is located 15 miles north of Scott AFB.

Troy offers a continuing population growth with a mixture of "new and old families", a highly rated school system, and a broadening community support system. Our population has grown from 3,694 in 1980 to an estimated 9,000 residents in 2000. Some Troy families boast at least a fifth generation of residency while others have recently made Troy their new home.

Last year the Troy Illinois real estate market had 145 homes that sold from 1/1/06 thru 6/30/06. The average home sold for $181,446 and was on the market for 117 days. This total includes both re-sale homes and new construction homes.

Status - CTOT LP:$8,032,830HI:$309,900LO:$163,500MEDIAN:$214,900AVG:$217,104
 TOT SP:$7,980,745HI:$305,000LO:$162,500AVG DM:187AVG:$215,696
Property Type - NTOT LP:$8,032,830HI:$309,900LO:$163,500MEDIAN:$214,900AVG:$217,104
 TOT SP:$7,980,745HI:$305,000LO:$162,500AVG DM:187AVG:$215,696
Grand Total: TOT LP:$26,781,319HI:$505,000LO:$42,900MEDIAN:$182,900AVG:$184,699
 TOT SP:$26,309,615HI:$492,500LO:$32,000AVG DM:117AVG:$181,446
 

         Displaying matches 1 through 145 of 145 homes that sold in Troy, Illinois from 1/1/06 thru 6/30/06

 

This year the Troy, Illinois real estate market has been quite a bit slower as only 87 homes have sold in Troy. The average sales price for both re-sale and new construction is up however to an average of $194,338.

Status - CTOT LP:$3,347,104HI:$359,000LO:$179,900MEDIAN:$229,800AVG:$239,079
 TOT SP:$3,321,504HI:$352,000LO:$179,900AVG DM:149AVG:$237,250
Property Type - NTOT LP:$3,347,104HI:$359,000LO:$179,900MEDIAN:$229,800AVG:$239,079
 TOT SP:$3,321,504HI:$352,000LO:$179,900AVG DM:149AVG:$237,250
Grand Total: TOT LP:$17,393,803HI:$399,900LO:$94,000MEDIAN:$191,900AVG:$199,929
 TOT SP:$16,907,404HI:$384,200LO:$85,000AVG DM:123AVG:$194,338


             Displaying matches 1 through 87 of 87 homes sold in Troy, Illinois from 1/1/07 thru 6/30/07

Below shows how many homes that are currently active and available real estate listings in Troy, Illinois

Status - ATOT LP:$14,396,790HI:$449,000LO:$174,900MEDIAN:$244,900AVG:$257,086AVG DM:204
Property Type - NTOT LP:$14,396,790HI:$449,000LO:$174,900MEDIAN:$244,900AVG:$257,086AVG DM:204
Grand Total: TOT LP:$37,067,289HI:$1,350,000LO:$23,000MEDIAN:$234,900AVG:$248,774AVG DM:120
 

                              Displaying matches 1 through 149 of 149 of active listings in Troy, Illinois

With only 87 homes selling in Troy, Illinois during the first 6 months of this year that is an average of 14.50 homes per month. Since there are 149 active listings available that represents over a 10 month supply of available homes. If you are looking at selling your home in Troy, Illinois or just have some real estate questions, please don't hesitate to contact Paul Walker at 618-409-0510

Strano GMAC Real Estate, 820 W Hwy 50, O'Fallon IL 62269

www.southwestillinoishomes.com

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Scott AFB IL Area Realtor
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