Is Troy, ME 04987 a buyer’s or seller’s market?
Troy is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Troy housing market right now
In the three months ending August 31, 2026, 100% of homes in Troy, ME 04987 sold above their list price, the typical home went under contract in 24 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (76 days then) and the median sale price rose 44% to $370,540. Overall, Troy is more competitive than a year ago, so tougher for buyers.
Within Waldo County, homes here sell faster than in 94% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Unity 04988 (0% sold over asking) or Thorndike 04986 (0% sold over asking).
Run the numbers for 04987
Nearby markets
Belfast 04915Buyer’s market $271 /sq ftBrooks 04921Buyer’s market $200 /sq ftBurnham 04922Balanced $230 /sq ftFrankfort 04438 — /sq ft Browse all markets →Where Troy is
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Questions about Troy real estate
Is Troy a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Troy, ME 04987 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Troy?
The typical home went under contract in 24 days in the latest three months.
Do homes in Troy sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 96.6% of the list price.
What are property taxes in Troy?
About 1.04% of a home’s value a year in Waldo County, or roughly $4,160 on a $400,000 home.
What is the median home price in Troy?
The median sale price was $370,540 in the three months ending August 31, 2026, about $225 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology