Troy home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Troy rose by $61,250 while total sales decreased by 61.6%, according to

From July through September of 2020, there were 28 homes sold, with a median sale price of $232,250 - a 35.8% increase over the $171,000 median sale price for the same period of the previous year. There were 73 homes sold in Troy in the third quarter of 2019.

The median sales tax in Troy for the most recent year with available data, 2018, was $4,076, approximately 1.8% of the median home sale price for the third quarter of 2020.

The following table compares Troy to other Madison County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Holiday Shores419-78.9%$309,750$175,50076.5%
Kendall Hill13-66.7%$225,000$134,40067.4%
Glen Carbon2772-62.5%$195,000$224,000-12.9%

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