Comprehensive market data and analysis• Updated Oct 2026
18.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 2 | 2 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | 1 | 1 | 1 | 1 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 1 | 3 | 3 |
Acreage buckets
The median price for land in Troy, Michigan is currently $298K per acre. For a typical parcel, the median sale price is $164K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $160K while premium lots reached $833K.
Troy, Michigan is currently a strong buyer's market with 18.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Troy, Michigan currently has 18.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The current absorption rate in Troy, Michigan is 5.6% (3-month basis), indicating slow demand. The top-performing broker in this market is New Michigan Realty, LLC.
Land in Troy, Michigan typically sells within 28 days of listing. The median time on market is 24 days. Properties are moving quickly in the current strong buyer's market.
There are currently 6 active listings in Troy, Michigan. 2 new listings have hit the market in the last 90 days. The median asking price is $274K.
Land in Troy, Michigan averages $435K per acre. The median price per acre is $298K, which may be more representative of typical transactions. Most parcels sold are around 23,958 sq ft.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Troy on LandyDandy.
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