Start with similar homes, not a townwide price alone. A defensible asking price accounts for your home's condition and features, then leaves you with a clear plan if buyers respond differently than expected.
In the latest market report for Troy single-family homes and condos, townhouses and apartments, the typical asking price among homes listed for sale was $449,950. That asking-price figure describes homes listed for sale, not what those homes eventually sold for. The typical sale price among homes that sold in the same reported property categories was $457,000. The latest market report also recorded 194 homes listed for sale at the end of its measurement period.
Asking prices and sale prices describe different groups, so their difference is not a discount or a pricing rule for your home. I would use the townwide figures to frame the discussion, then give greater weight to a review of recent sales of similar homes. Your home's size, condition and features matter when deciding which comparisons deserve attention.
Identify completed sales that resemble your home and review differences in size, condition and features with me. Look separately at homes listed for sale to understand the asking prices a buyer could encounter. Choose an asking price and agree on what feedback would prompt another pricing discussion, without promising a particular result.
