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TROY, MI 48098

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

Market Overview

Active Listings
28
⇩ 6.7% vs 30 last year
Pending
12
43% pending ratio
Median Price
$539,450
⇧ 5.3% vs $512,250 last year
Average Price
$558,149
⇩ 28.3% vs $778,695 last year
Days on Market
79
⇧ 71.7% vs 46 days last year

Market Context

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

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

Market Analysis

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

The TROY, MI real estate market (48098) currently shows 28 active listings, with 12 pending sales. Homes are averaging 79 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 79 days on market compared to 46 days last year.

The median listing price has risen 5.3% year-over-year, from $512,250 to $539,450.

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: 28 this year vs 30 last year
  • Days on market: 79 now vs 46 last year

Median & Average Pricing

Year over Year
  • Median: $539,450 (+5.3% YoY)
  • Average: $558,149 (-28.3% 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 8.1 miles — 678 listings ($556,308,269 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48098Troy, MI 480980.0 mi28$15,628,172$539,450$558,149
48304Bloomfield Hills, MI 483042.9 mi57$82,599,612$490,000$1,449,116
48309Rochester, MI 483094.1 mi59$38,989,914$550,000$660,846
48009Birmingham, MI 480094.3 mi97$190,316,134$1,499,000$1,962,022
48307Rochester, MI 483075.1 mi84$51,746,436$480,000$616,029
48342Pontiac, MI 483425.8 mi41$5,663,740$135,000$138,140
48310Sterling Heights, MI 483106.2 mi78$26,728,338$333,500$342,671
48314Sterling Heights, MI 483146.4 mi49$22,438,325$384,900$457,925
48301Bloomfield Hills, MI 483016.5 mi33$51,350,607$1,162,000$1,556,079
48025Franklin, MI 480257.1 mi43$47,151,650$750,000$1,096,550
48071Madison Heights, MI 480717.4 mi63$14,303,709$212,500$227,043
48340Pontiac, MI 483407.5 mi44$8,531,732$144,950$193,903
48070Huntington Woods, MI 480708.1 mi2$859,900$429,950$429,950

Frequently Asked Questions

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

As of January 2026, there are 28 active listings in TROY, MI (zip code 48098), compared to 30 the prior year.

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

The median listing price in TROY, MI 48098 is $539,450 as of January 2026, a 5.3% increase from $512,250 the prior year.

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

Homes in TROY, MI 48098 spend an average of 79 days on the market before going under contract, compared to 46 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 January 2026, TROY, MI 48098 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 79 days on market compared to 46 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 $10,789 compared to a typical 5% commission on the median listing price of $539,450. 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.