Troy Housing Market Update: Inventory Edges Down as Prices Hold Steady
Troy, AL – March 7, 2026 – Inventory has tightened slightly while prices inch up and homes take longer to sell across the local market.
Troy housing snapshot
- Active listings: 92, down from 101 a year ago.
- Median listing price: $245,926, up 1.8% year over year.
- Average days on market: about 90 days.
- Market conditions continue to favor buyers in several ZIP codes.
The Troy real estate market is showing modest price growth alongside slightly tighter inventory. Recent Realtor.com-based data report 92 active listings and eight pending sales, with homes averaging 89.9 days on the market. Inventory is down by nine listings compared with last year, while the median listing price has increased 1.8% year over year to $245,926.
Despite the small dip in supply, conditions still lean toward buyers. Realtor.com market pages for Troy indicate a buyer’s market in late 2025, with homes commonly spending more than three months for sale. In ZIP 36079, median days on market recently reached 107 days, reflecting slower absorption.
Home values and pricing
Zillow’s latest home value index places the average Troy home value at $178,046, down 0.8% over the past year. That softer annual trend contrasts with the modest rise in median listing prices, suggesting sellers are testing higher asking prices while closed values remain relatively flat.
Price per square foot locally has hovered in the low $140s, and typical marketed home sizes remain around 1,700 to 1,800 square feet, pointing to steady demand for mid-sized single-family properties.
Development and zoning context
The City of Troy’s Planning and Community Development Department continues to oversee zoning compliance, subdivision regulations and site plan review. The city’s zoning map was amended as recently as December 9, 2025, signaling ongoing adjustments to land-use policy that can influence future housing supply.
For buyers and investors, monitoring planning activity and subdivision approvals may offer early signals of new construction or lot availability in 2026.
What this means locally
With homes taking close to three months to sell and inventory slightly below last year’s levels, buyers retain negotiating room, especially on properties that have lingered. Sellers, meanwhile, are seeing stable pricing but should be prepared for longer marketing times compared with peak-cycle conditions.
Are you seeing quicker sales or more price reductions in your neighborhood this spring?
Sources
https://sell123.com/city-overview-troy-al
https://www.realtor.com/local/market/alabama/pike-county/troy
https://www.zillow.com/corcoran-troy-al/home-values/
https://www.troyal.gov/planning