Is Troy, VA 22974 a buyer’s or seller’s market?
Troy is a seller’s market. With about 2.9 months of supply and 20% 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.
More competitive than 71% of U.S. ZIP codes, and #159 of 362 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending July 31, 2026. See the breakdown
The Troy housing market right now
In the three months ending August 31, 2026, 20% of homes in Troy, VA 22974 sold above their list price, the typical home went under contract in 8 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold faster (64 days then) and the median sale price fell 9% to $537,218. Overall, Troy is less competitive than a year ago, which gives buyers more room.
Within Fluvanna County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 75%.
Nearby, buyers who want less competition could look at Kents Store 23084 (0% sold over asking) or Bremo Bluff 23022 (0% sold over asking), while Fork Union 23055 (33% sold over asking) is even more competitive.
Run the numbers for 22974
Nearby markets
Bremo Bluff 23022Seller’s market $276 /sq ftFork Union 23055Seller’s market $230 /sq ftKents Store 23084Balanced $282 /sq ftPalmyra 22963Seller’s market $203 /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 2.9 months of supply in Troy, VA 22974 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 8 days in the latest three months.
Do homes in Troy sell over asking?
20% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Troy?
About 0.63% of a home’s value a year in Fluvanna County, or roughly $2,520 on a $400,000 home.
What is the median home price in Troy?
The median sale price was $537,218 in the three months ending August 31, 2026, about $271 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