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TROY, MI 48084

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

Market Overview

Active Listings
30
⇧ 20% vs 25 last year
Pending
11
37% pending ratio
Median Price
$374,900
⇩ 28% vs $520,450 last year
Average Price
$406,577
⇩ 14.5% vs $475,447 last year
Days on Market
40
⇩ 18.4% vs 49 days last year

Market Context

Population: 15,571  ·  Density: 972.3/mi²  ·  Median household income: $106,250

Typical home value: $396,153  ·  Homeownership: 49.1%

Market Analysis

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

The TROY, MI real estate market (48084) currently shows 30 active listings, with 11 pending sales. Homes are averaging 40 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are selling faster, averaging 40 days on market compared to 49 days last year.

The median listing price has fallen 28% year-over-year, from $520,450 to $374,900.

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: 30 this year vs 25 last year
  • Days on market: 40 now vs 49 last year

Median & Average Pricing

Year over Year
  • Median: $374,900 (-28% YoY)
  • Average: $406,577 (-14.5% 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 7.4 miles — 842 listings ($644,756,850 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48084Troy, MI 480840.0 mi30$12,197,310$374,900$406,577
48009Birmingham, MI 480092.4 mi97$190,316,134$1,499,000$1,962,022
48073Royal Oak, MI 480732.9 mi110$52,880,410$375,000$480,731
48304Bloomfield Hills, MI 483043.5 mi57$82,599,612$490,000$1,449,116
48072Berkley, MI 480724.4 mi36$13,545,684$344,950$376,269
48071Madison Heights, MI 480715.2 mi63$14,303,709$212,500$227,043
48025Franklin, MI 480255.4 mi43$47,151,650$750,000$1,096,550
48310Sterling Heights, MI 483105.5 mi78$26,728,338$333,500$342,671
48302Bloomfield Hills, MI 483026.4 mi39$77,045,865$950,000$1,975,535
48237Oak Park, MI 482376.6 mi80$19,973,120$244,900$249,664
48309Rochester, MI 483096.8 mi59$38,989,914$550,000$660,846
48307Rochester, MI 483077.3 mi84$51,746,436$480,000$616,029
48075Southfield, MI 480757.4 mi66$17,278,668$230,000$261,798

Frequently Asked Questions

How many homes are for sale in TROY, MI 48084?

As of January 2026, there are 30 active listings in TROY, MI (zip code 48084), compared to 25 the prior year.

What is the median home price in TROY, MI 48084?

The median listing price in TROY, MI 48084 is $374,900 as of January 2026, a 28% decrease from $520,450 the prior year.

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

Homes in TROY, MI 48084 spend an average of 40 days on the market before going under contract, compared to 49 days the prior year.

Is it a seller's or buyer's market in TROY, MI 48084?

Based on current inventory and days-on-market data as of January 2026, TROY, MI 48084 is currently a Balanced Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are selling faster, averaging 40 days on market compared to 49 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 48084 save an estimated $7,498 compared to a typical 5% commission on the median listing price of $374,900. 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.