Call or Text (240) SELL-123

TROY, MI 48098

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

Market Analysis

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

The TROY, MI real estate market (48098) currently shows 34 active listings, with 9 pending sales. Homes are averaging 27 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are selling faster, averaging 27 days on market compared to 29 days last year.

The median listing price has fallen 6.9% year-over-year, from $474,999 to $442,083.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for TROY, MI 48098 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 20,545  ·  Density: 844.0/mi²  ·  Median household income: $157,997

Typical home value: $469,581  ·  Homeownership: 92.0%

Market Overview

Active Listings
34
⇧ 21.4% vs 28 last year
Pending
9
26% pending ratio
Median Price
$442,083
⇩ 6.9% vs $474,999 last year
Average Price
$529,175
⇩ 14.9% vs $622,059 last year
Days on Market
27
⇩ 6.9% vs 29 days last year

Price Per Square Foot

Median $/sqft
$256
⇧ 7.6% vs $238/sqft last year
Median Home Size
1,906 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 34 this year vs 28 last year
  • Days on market: 27 now vs 29 last year

Median & Average Pricing

Year over Year
  • Median: $442,083 (-6.9% YoY)
  • Average: $529,175 (-14.9% 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
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 8.1 miles — 719 listings ($612,733,807 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48098Troy, MI 480980.0 mi28$15,351,560$476,950$548,270
48304Bloomfield Hills, MI 483042.9 mi58$93,699,348$489,500$1,615,506
48309Rochester, MI 483094.1 mi64$42,281,216$512,450$660,644
48009Birmingham, MI 480094.3 mi113$211,826,297$1,662,000$1,874,569
48307Rochester, MI 483075.1 mi91$55,127,800$443,750$605,800
48342Pontiac, MI 483425.8 mi40$5,208,480$128,450$130,212
48310Sterling Heights, MI 483106.2 mi74$26,029,352$337,364$351,748
48314Sterling Heights, MI 483146.4 mi47$25,076,756$555,000$533,548
48301Bloomfield Hills, MI 483016.5 mi37$65,405,381$1,399,750$1,767,713
48025Franklin, MI 480257.1 mi44$45,632,136$756,600$1,037,094
48071Madison Heights, MI 480717.4 mi59$13,195,409$210,000$223,651
48340Pontiac, MI 483407.5 mi56$9,545,088$143,975$170,448
48070Huntington Woods, MI 480708.1 mi8$4,354,984$445,000$544,373

Frequently Asked Questions

How many homes are for sale in TROY, MI 48098?

As of March 2026, there are 34 active listings in TROY, MI (zip code 48098), compared to 28 the prior year.

What is the median home price in TROY, MI 48098?

The median listing price in TROY, MI 48098 is $442,083 as of March 2026, a 6.9% decrease from $474,999 the prior year.

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

Homes in TROY, MI 48098 spend an average of 27 days on the market before going under contract, compared to 29 days the prior year.

Is it a seller's or buyer's market in TROY, MI 48098?

Based on current inventory and days-on-market data as of March 2026, TROY, MI 48098 is currently a Balanced Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are selling faster, averaging 27 days on market compared to 29 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 48098 save an estimated $8,842 compared to a typical 5% commission on the median listing price of $442,083. 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.