Is Troy, TN 38260 a buyer’s or seller’s market?
Troy is a seller’s market. With about 2.8 months of supply and 0% 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, 0% of homes in Troy, TN 38260 sold above their list price, the typical home went under contract in 116 days and there were 2.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 11%, homes sold more slowly (56 days then) and the median sale price rose 96% to $188,918. Overall, Troy is less competitive than a year ago, which gives buyers more room.
Within Obion County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Obion 38240 (33% sold over asking) and South Fulton 38257 (13% sold over asking) are even more competitive.
Run the numbers for 38260
Nearby markets
Hornbeak 38232Balanced $148 /sq ftObion 38240Seller’s market $120 /sq ftRives 38253Buyer’s market $91 /sq ftSouth Fulton 38257Balanced $127 /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 2.8 months of supply in Troy, TN 38260 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 116 days in the latest three months.
Do homes in Troy sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.3% of the list price.
What are property taxes in Troy?
About 0.52% of a home’s value a year in Obion County, or roughly $2,080 on a $400,000 home.
What is the median home price in Troy?
The median sale price was $188,918 in the three months ending August 31, 2026, about $135 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