Is Troy, NC 27371 a buyer’s or seller’s market?
Troy is a buyer’s market. With about 11 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Troy housing market right now
In the three months ending August 31, 2026, 11% of homes in Troy, NC 27371 sold above their list price, the typical home went under contract in 130 days and there were 11 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 9 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 17%, homes sold more slowly (72 days then) and the median sale price fell 6% to $264,885. Overall, Troy is less competitive than a year ago, which gives buyers more room.
Nearby, buyers who want less competition could look at Candor 27229 (0% sold over asking), while Star 27356 (43% sold over asking) is even more competitive.
Run the numbers for 27371
Nearby markets
Biscoe 27209 — /sq ftCandor 27229Buyer’s market $210 /sq ftMount Gilead 27306Balanced $226 /sq ftStar 27356Seller’s market $152 /sq ft Browse all markets →Towns like Troy nearby
Find towns like Troy in other states →Where Troy is
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Questions about Troy real estate
Is Troy a buyer’s or seller’s market?
A buyer’s market: there were 11 months of supply in Troy, NC 27371 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 130 days in the latest three months.
Do homes in Troy sell over asking?
11% of homes sold above their original list price, and the typical sale closed at 93.2% of the list price.
What are property taxes in Troy?
About 0.64% of a home’s value a year in Montgomery County, or roughly $2,560 on a $400,000 home.
What is the median home price in Troy?
The median sale price was $264,885 in the three months ending August 31, 2026, about $186 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