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TROY, ME 04987

Real Estate Market Report
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The TROY, ME real estate market (04987) currently shows 4 active listings. Homes are averaging 25 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 25 days on market compared to 5 days last year.

The median listing price has fallen 29.8% year-over-year, from $349,900 to $245,750.

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Market Context

Market Context

Population: 962  ·  Density: 10.6/mi²  ·  Median household income: $45,800

Typical home value: $164,775  ·  Homeownership: 93.3%

Market Overview

Active Listings
4
⇧ 300% vs 1 last year
Pending
0
0% pending ratio
Median Price
$245,750
⇩ 29.8% vs $349,900 last year
Average Price
$285,638
⇩ 18.4% vs $349,900 last year
Days on Market
25
⇧ 400% vs 5 days last year

Price Per Square Foot

Median $/sqft
$202
⇩ 22.3% vs $260/sqft last year
Median Home Size
1,566 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 1 last year
  • Days on market: 25 now vs 5 last year

Median & Average Pricing

Year over Year
  • Median: $245,750 (-29.8% YoY)
  • Average: $285,638 (-18.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.0 miles — 146 listings ($52,591,348 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
04987Troy, ME 049870.0 mi1$249,900$249,900$249,900
04922Burnham, ME 049226.4 mi4$1,077,332$294,000$269,333
04986Thorndike, ME 049868.9 mi5$1,738,395$358,675$347,679
04921Brooks, ME 049219.5 mi5$1,066,500$176,650$213,300
04951Monroe, ME 0495111.4 mi3$972,900$289,900$324,300
04965Palmyra, ME 0496512.7 mi6$2,210,952$351,500$368,492
04927Clinton, ME 0492713.9 mi8$2,337,000$323,000$292,125
04941Freedom, ME 0494115.0 mi7$2,330,860$359,900$332,980
04444Hampden, ME 0444415.5 mi30$17,841,300$517,500$594,710
04496Winterport, ME 0449616.9 mi15$5,089,695$339,000$339,313
04901Waterville, ME 0490117.8 mi51$14,096,757$262,625$276,407
04928Corinna, ME 0492818.7 mi4$764,000$209,500$191,000
04456Levant, ME 0445619.0 mi7$2,815,757$398,000$402,251

Frequently Asked Questions

How many homes are for sale in TROY, ME 04987?

As of September 2026, there are 4 active listings in TROY, ME (zip code 04987), compared to 1 the prior year.

What is the median home price in TROY, ME 04987?

The median listing price in TROY, ME 04987 is $245,750 as of September 2026, a 29.8% decrease from $349,900 the prior year.

How long do homes stay on the market in TROY, ME?

Homes in TROY, ME 04987 spend an average of 25 days on the market before going under contract, compared to 5 days the prior year.

Is it a seller's or buyer's market in TROY, ME 04987?

Based on current inventory and days-on-market data as of September 2026, TROY, ME 04987 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 25 days on market compared to 5 days last year.

How much can I save on real estate commission in TROY, ME?

With SELL123.com's maximum 3% commission, sellers in TROY, ME 04987 save an estimated $4,915 compared to a typical 5% commission on the median listing price of $245,750. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.