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Market Intelligence · MI / Oakland County

Troy, MI home prices and housing market

4 ZIP markets liveData updated September 2026Typical value$467K1-yr changeUp2.3%

The typical home value in Troy, MI is $467K as of September 2026, up 2.3% from a year ago, based on the Zillow Home Value Index. In the typical Troy ZIP code, the median list price is $424K and homes spend a median of 42 days on market as of September 2026 (Realtor.com).

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The coverage

Troy, by the numbers.

Typical home valueZillow ZHVI, September 2026
$467K
1-yr changeMedian across Troy ZIPs
+2.3%
ZIP markets live5 tracked in Troy
4
County
Oakland County

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12-month value trend

+2.3% over 12 months

Typical home value in Troy over the last 12 months: $456K in Sep 2025 to $467K in Sep 2026 (+2.3%).

Sep 2025$456K

Sep 2026$467K

Median Zillow home value index across Troy's ZIP codes.

Context

Troy's housing market shows modest gains as of September 2026. The typical home value sits at $466,959, up 2.3% over the past year. There are 194 homes for sale citywide, with 74 new listings added recently. The median list price is $423,633, and homes spend a median of 42 days on market. About 23.3% of listings have seen a price cut. The combination of steady appreciation, moderate inventory, and a small but notable share of price reductions suggests a market with some softness, though not severely challenged. If you're considering selling, the data indicates buyers are still active, but it's worth recognizing that price adjustments are becoming more common in Troy.

The numbers

What is the housing market like in Troy, MI?

Typical home value

$467K

Up2.3%YoY

Median list price

$424K

Days on market

42

Homes for sale

194

Price cuts

23.3%

New listings

74

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Troy's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Troy, MI home prices over time

Typical home values in Troy, MI are up 2.3% over the past year, from $456K in September 2025 to $467K in September 2026.

Typical home value in Troy, MI, September of each year
MonthTypical value1-yr change
September 2026$466,959+2.3%
September 2025$456,383No prior year

Typical value is the median Zillow Home Value Index across Troy ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Troy, MI a buyer's or seller's market?

Troy, MI is roughly balanced between buyers and sellers.

These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction.

Based on a median of 42 days on market and 23% of listings with a price cut in the typical Troy ZIP code, and 74 new listings against 194 active listings across Troy, as of September 2026 (Realtor.com).

The outlook

Troy housing market forecast 2027

+1.4%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 4 Troy ZIP codes, points to typical home values rising 1.4% by September 2027.

Over the 12 months through September 2026, typical home values in Troy rose 2.3%, per the Zillow Home Value Index.

Will home prices drop in Troy?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Troy shows typical home values rising 1.4% by September 2027, after a 2.3% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 4 Troy ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Troy?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 5 Troy ZIP codes in total; the remaining 1 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Troy, MI home prices.

What is a typical home worth in Troy?

The typical home value in Troy is $466,959 as of September 2026, up 2.3% from the year before.

How many homes are for sale in Troy right now?

There are 194 homes for sale citywide as of September 2026, with 74 new listings added recently.

How long do homes take to sell in Troy?

The median time on market is 42 days as of September 2026, and about 23.3% of listings have received a price cut.

Are home prices going up or down in Troy, MI?

Typical home values in Troy, MI are up 2.3% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Troy, MI a buyer's or seller's market?

Troy, MI is roughly balanced between buyers and sellers. These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction. Based on a median of 42 days on market and 23% of listings with a price cut in the typical Troy ZIP code, and 74 new listings against 194 active listings across Troy, as of September 2026 (Realtor.com).

Nearby markets

More Michigan housing markets.

The market is moving

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