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TROY, IL 62294

Real Estate Market Report  ·  Madison County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
38
⇩ 2.6% vs 39 last year
Pending
11
29% pending ratio
Median Price
$487,800
⇧ 11.5% vs $437,400 last year
Average Price
$471,026
⇧ 16.9% vs $403,038 last year
Days on Market
64
vs 64 days last year

Market Context

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

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

Market Analysis

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

The TROY, IL real estate market (62294) currently shows 38 active listings, with 11 pending sales. Homes are averaging 64 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

The median listing price has risen 11.5% year-over-year, from $437,400 to $487,800.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 38 this year vs 39 last year
  • Days on market: 64 now vs 64 last year

Median & Average Pricing

Year over Year
  • Median: $487,800 (+11.5% YoY)
  • Average: $471,026 (+16.9% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 15.1 miles — 460 listings ($167,605,325 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62294Troy, IL 622940.0 mi38$17,898,988$487,800$471,026
62062Maryville, IL 620625.1 mi28$11,101,468$402,500$396,481
62034Glen Carbon, IL 620346.3 mi48$21,098,880$444,500$439,560
62269O'Fallon, IL 622697.6 mi98$44,773,064$435,000$456,868
62232Caseyville, IL 622328.7 mi35$12,462,975$382,000$356,085
62208Fairview Heights, IL 6220810.3 mi72$22,522,536$345,000$312,813
62249Highland, IL 6224911.8 mi28$7,239,904$240,000$258,568
62046Hamel, IL 6204612.9 mi4$1,331,868$349,000$332,967
62204East Saint Louis, IL 6220413.1 mi4$64,900$13,450$16,225
62221Belleville, IL 6222113.3 mi84$26,959,380$249,700$320,945
62001Alhambra, IL 6200113.9 mi4$1,380,000$350,000$345,000
62205East Saint Louis, IL 6220514.8 mi14$373,562$23,200$26,683
62048Hartford, IL 6204815.1 mi3$397,800$139,900$132,600

Frequently Asked Questions

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

As of January 2026, there are 38 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 $487,800 as of January 2026, a 11.5% increase from $437,400 the prior year.

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

Homes in TROY, IL 62294 spend an average of 64 days on the market before going under contract, compared to 64 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 January 2026, TROY, IL 62294 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

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 $9,756 compared to a typical 5% commission on the median listing price of $487,800. 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.