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TROY, MI 48083

Real Estate Market Report  ·  Oakland County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
57
⇧ 90% vs 30 last year
Pending
16
28% pending ratio
Median Price
$394,900
⇧ 7.1% vs $368,725 last year
Average Price
$529,282
⇧ 36.4% vs $387,925 last year
Days on Market
55
⇧ 10% vs 50 days last year

Market Context

Population: 23,540  ·  Density: 1,055.0/mi²  ·  Median household income: $86,105

Typical home value: $283,466  ·  Homeownership: 64.2%

Market Analysis

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

The TROY, MI real estate market (48083) currently shows 57 active listings, with 16 pending sales. Homes are averaging 55 days on the market before going under contract.

Inventory has increased compared to last year, with 27 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 55 days on market compared to 50 days last year.

The median listing price has risen 7.1% year-over-year, from $368,725 to $394,900.

Whether you are buying or selling in TROY, MI, 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: 57 this year vs 30 last year
  • Days on market: 55 now vs 50 last year

Median & Average Pricing

Year over Year
  • Median: $394,900 (+7.1% YoY)
  • Average: $529,282 (+36.4% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 7.1 miles — 685 listings ($282,275,618 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48083Troy, MI 480830.0 mi57$30,169,074$394,900$529,282
48310Sterling Heights, MI 483102.6 mi78$26,728,338$333,500$342,671
48085Troy, MI 480853.0 mi49$29,523,039$525,000$602,511
48073Royal Oak, MI 480733.6 mi110$52,880,410$375,000$480,731
48098Troy, MI 480984.3 mi28$15,628,172$539,450$558,149
48314Sterling Heights, MI 483144.8 mi49$22,438,325$384,900$457,925
48072Berkley, MI 480725.4 mi36$13,545,684$344,950$376,269
48070Huntington Woods, MI 480705.8 mi2$859,900$429,950$429,950
48069Pleasant Ridge, MI 480696.1 mi5$4,599,000$736,950$919,800
48030Hazel Park, MI 480306.6 mi60$12,934,080$196,500$215,568
48091Warren, MI 480916.8 mi103$17,364,152$165,500$168,584
48015Center Line, MI 480157.0 mi24$3,859,008$172,500$160,792
48307Rochester, MI 483077.1 mi84$51,746,436$480,000$616,029

Frequently Asked Questions

How many homes are for sale in TROY, MI 48083?

As of January 2026, there are 57 active listings in TROY, MI (zip code 48083), compared to 30 the prior year.

What is the median home price in TROY, MI 48083?

The median listing price in TROY, MI 48083 is $394,900 as of January 2026, a 7.1% increase from $368,725 the prior year.

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

Homes in TROY, MI 48083 spend an average of 55 days on the market before going under contract, compared to 50 days the prior year.

Is it a seller's or buyer's market in TROY, MI 48083?

Based on current inventory and days-on-market data as of January 2026, TROY, MI 48083 is currently a Buyer's Market. Inventory has increased compared to last year, with 27 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 55 days on market compared to 50 days last year.

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

With SELL123.com's maximum 3% commission, sellers in TROY, MI 48083 save an estimated $7,898 compared to a typical 5% commission on the median listing price of $394,900. 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.