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TROY, IL 62294

Real Estate Market Report  ·  Madison County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The TROY, IL real estate market (62294) currently shows 43 active listings, with 23 pending sales. Homes are averaging 47 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 47 days on market compared to 38 days last year.

The median listing price has risen 8.3% year-over-year, from $449,950 to $487,400.

Whether you are buying or selling in TROY, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 15,289  ·  Density: 200.2/mi²  ·  Median household income: $103,215

Typical home value: $244,999  ·  Homeownership: 79.4%

Market Overview

Active Listings
43
⇧ 10.3% vs 39 last year
Pending
23
53% pending ratio
Median Price
$487,400
⇧ 8.3% vs $449,950 last year
Average Price
$482,247
⇧ 19.4% vs $403,925 last year
Days on Market
47
⇧ 23.7% vs 38 days last year

Price Per Square Foot

Median $/sqft
$181
⇧ 3.4% vs $175/sqft last year
Median Home Size
2,772 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 43 this year vs 39 last year
  • Days on market: 47 now vs 38 last year

Median & Average Pricing

Year over Year
  • Median: $487,400 (+8.3% YoY)
  • Average: $482,247 (+19.4% 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 15.1 miles — 495 listings ($178,093,182 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62294Troy, IL 622940.0 mi44$20,658,968$490,500$469,522
62062Maryville, IL 620625.1 mi24$9,073,272$407,500$378,053
62034Glen Carbon, IL 620346.3 mi46$21,658,594$447,000$470,839
62269O'Fallon, IL 622697.6 mi114$50,399,172$404,925$442,098
62232Caseyville, IL 622328.7 mi33$12,213,927$402,675$370,119
62208Fairview Heights, IL 6220810.3 mi73$22,691,904$339,900$310,848
62249Highland, IL 6224911.8 mi33$8,346,921$228,750$252,937
62046Hamel, IL 6204612.9 mi4$1,360,000$344,900$340,000
62204East Saint Louis, IL 6220413.1 mi13$172,029$12,000$13,233
62221Belleville, IL 6222113.3 mi89$29,677,139$263,650$333,451
62001Alhambra, IL 6200113.9 mi3$1,236,000$412,000$412,000
62205East Saint Louis, IL 6220514.8 mi16$410,256$18,000$25,641
62048Hartford, IL 6204815.1 mi3$195,000$65,000$65,000

Frequently Asked Questions

How many homes are for sale in TROY, IL 62294?

As of March 2026, there are 43 active listings in TROY, IL (zip code 62294), compared to 39 the prior year.

What is the median home price in TROY, IL 62294?

The median listing price in TROY, IL 62294 is $487,400 as of March 2026, a 8.3% increase from $449,950 the prior year.

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

Homes in TROY, IL 62294 spend an average of 47 days on the market before going under contract, compared to 38 days the prior year.

Is it a seller's or buyer's market in TROY, IL 62294?

Based on current inventory and days-on-market data as of March 2026, TROY, IL 62294 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 47 days on market compared to 38 days last year.

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

With SELL123.com's maximum 3% commission, sellers in TROY, IL 62294 save an estimated $9,748 compared to a typical 5% commission on the median listing price of $487,400. 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.