Is Troy, ID 83871 a buyer’s or seller’s market?
Troy is a seller’s market. With about 2.6 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.
The Troy housing market right now
In the three months ending August 31, 2026, 20% of homes in Troy, ID 83871 sold above their list price, the typical home went under contract in 41 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (20% then), homes sold faster (106 days then) and the median sale price rose 10% to $438,810. Overall, Troy is more competitive than a year ago, so tougher for buyers.
Within Latah County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell more often over asking than in 78%.
Nearby, buyers who want less competition could look at Viola 83872 (0% sold over asking) or Princeton 83857 (0% sold over asking), while Moscow 83843 (24% sold over asking) is even more competitive.
Run the numbers for 83871
Nearby markets
Bovill 83806Seller’s market $131 /sq ftDeary 83823Seller’s market $225 /sq ftGenesee 83832Buyer’s market $219 /sq ftHarvard 83834 $258 /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 seller’s market: there were 2.6 months of supply in Troy, ID 83871 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 41 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 98.1% of the list price.
What are property taxes in Troy?
About 0.64% of a home’s value a year in Latah County, or roughly $2,560 on a $400,000 home.
What is the median home price in Troy?
The median sale price was $438,810 in the three months ending August 31, 2026, about $179 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