Market Intelligence Report — AL-980

Troy, AL

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-AL-08
As of the latest 2026 data
Very Weak

Median Listing

$269K
+7.4% YoY

Pending Ratio

0.12
+3.3% YoY

Active Inventory

125
+8.7% YoY

Median DOM

56 Days
-30.9% YoY

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The Troy, AL housing market is currently classified as Very Weak, primarily due to a pending ratio of 0.12, indicating demand absorption significantly lags supply. While the median listing price experienced a modest year-over-year increase of 7.4%, the overall market dynamics suggest considerable inventory pressure.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Troy market right now.

Active listings have expanded by 8.7% over the past year, reaching 125 units, while new listings concurrently declined by 11.1%. Despite the reduction in new supply, the low pending ratio underscores a persistent imbalance. Median days on market have compressed significantly by 30.9% year-over-year, yet this acceleration in sales pace is occurring within a limited demand environment as evidenced by the low pending ratio. The share of price-reduced listings saw a slight increase of 1.3 percentage points over the past year.

Historical Analysis

Market Trends

Median Price

$269K-5.6% MoM

Active Inventory

125+8.7% YoY

Days on Market

56-30.9% YoY

Sold Score™

27+3.3% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

27
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

In this environment, buyers face limited competition, resulting in extended consideration periods and greater opportunity for price discipline. The pace of transactions, despite a decrease in median days on market, is challenged by the substantial inventory relative to absorption. This creates an environment where sellers are under pressure to adjust pricing and terms to attract offers.

Luxury Segment

The average listing price has risen by 13.1% year-over-year to $364,820, outstripping the 7.4% increase in the median listing price, suggesting some disparity in performance across price points. However, without specific higher-tier $/sqft or direct luxury segment data, a definitive signal for luxury-segment softness remains unconfirmed.

Supply Dynamics

125 active listings represent the current floor, with new supply arriving at roughly 32 per month.

Pricing Pressure
15.5%

of active listings carry a price reduction, +1.3% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +1.6% year-over-year.

Absorption
0.12

Pending-to-active ratio — Very Weak.

Recommended For This Market

Very Weak

Selling in Troy, AL? Homes here are taking 25 days less to sell than last year.

Buyers have leverage in Troy, AL. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
12%
Median Days on Market
56 days
Inventory YoY
+9%

In a buyer's market, strategy beats timing. See how your home scores in Troy, AL and what moves the number.

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Metro Demographics

Metro Area
Troy, AL
CBSA Code
45980
State
AL
Analysis FAQ
  • What is the current market condition in Troy?+

    As of the latest 2026 data, the Troy metro is classified as Very Weak. Pending ratio is 0.12 with median days on market at 56.

  • Are home prices dropping in Troy?+

    Median listing price is $269K, +7.4% year over year. 15.5% of active listings carry a price reduction.

  • How fast are homes selling in Troy?+

    The typical listing sits 56 days on market, a -30.9% change YoY. New listings are arriving at 32 per month.

  • What's happening in the Troy luxury market?+

    The average listing price has risen by 13.1% year-over-year to $364,820, outstripping the 7.4% increase in the median listing price, suggesting some disparity in performance across price points. However, without specific higher-tier $/sqft or direct luxury segment data, a definitive signal for luxury-segment softness remains unconfirmed.

  • Where can I find a trusted Troy real estate expert?+

    Primpted maintains a vetted registry of Troy agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 45980 · 36mo history