Is Troy, NY 12183 a buyer’s or seller’s market?
Troy is a seller’s market. With about 2.4 months of supply and 50% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Troy housing market right now
In the three months ending August 31, 2026, 50% of homes in Troy, NY 12183 sold above their list price, the typical home went under contract in 6 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 86%, homes sold more slowly (4 days then) and the median sale price fell 20% to $204,911. Overall, Troy is less competitive than a year ago, which gives buyers more room.
Within Albany County, homes here sell faster than in 73% of the county’s ZIP codes, and sell less often over asking than in 67%.
Nearby, buyers who want less competition could look at Albany 12207 (0% sold over asking) or Rensselaerville 12147 (0% sold over asking), while Guilderland 12084 (100% sold over asking) and South Bethlehem 12161 (100% sold over asking) are even more competitive.
Run the numbers for 12183
Nearby markets
Albany 12202Seller’s market $118 /sq ftAlbany 12203Seller’s market $213 /sq ftAlbany 12204Seller’s market $211 /sq ftAlbany 12205Seller’s market $245 /sq ft Browse all markets →Towns like Troy nearby
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Questions about Troy real estate
Is Troy a buyer’s or seller’s market?
A seller’s market: there were 2.4 months of supply in Troy, NY 12183 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 6 days in the latest three months.
Do homes in Troy sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 100.3% of the list price.
What are property taxes in Troy?
About 1.77% of a home’s value a year in Albany County, or roughly $7,080 on a $400,000 home.
What is the median home price in Troy?
The median sale price was $204,911 in the three months ending August 31, 2026, about $110 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