Market Intelligence · MI / Troy

Troy, MI 48083 Housing Market

Typical home values in Troy 48083 stand at $352,514, up 1.0% over the past year. The median list price is $386,225, with homes spending a median of 36 days on market as of September 2026.

Updated September 2026Median value$353K

The median home value in Troy, MI 48083 is $353K as of September 2026, up 1.0% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 48083 range

$324K to $381K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+1.0% over 12 months

Sep 2025$349K

Low $349KHigh $355K

Sep 2026$353K

The numbers

What is the 48083 housing market like?

As of September 2026

Typical home value

$353K

1.0%YoY

Median list price

$386K

0.3%MoM

Days on market

28.6%MoM

Homes for sale

0.0%MoM

Price cuts

24.8%

2.8%MoM

New listings

16.7%MoM

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

The outlook

48083 housing market forecast 2027

+1.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48083 to rise 1.3% by September 2027.

Over the 12 months through September 2026, typical home values in 48083 rose 1.0%, per the Zillow Home Value Index.

Will home prices drop in 48083?

Zillow's forecast does not call for a drop: it expects typical home values in 48083 to rise 1.3% by September 2027, after a 1.0% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 48083 home prices compare?

48083$352,514
Troy$466,959
Michigan$241,156
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Troy: 4 ZIPs; Michigan: 891 ZIPs; United States: 26,262 ZIPs).

Context

Troy 48083 has 41 homes for sale as of September 2026, with 20 new listings added recently. The median days on market of 36 suggests a moderately paced sale environment. Price cuts appear on 24.8% of listings, indicating some seller flexibility in this segment. Modest appreciation combined with steady turnover suggests a balanced market where sellers should price realistically and be prepared for negotiation.

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Home price

Down payment20% · $70,503

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Common questions

What people ask us.

What is a typical home worth in Troy 48083?

Typical home value in this area is $352,514 as of September 2026, up 1.0% over the past year.

How long do homes typically stay on the market in Troy 48083?

The median days on market is 36 as of September 2026.

What share of homes have price reductions?

As of September 2026, 24.8% of listings have a price cut.

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Nearby ZIP markets.

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