Market Intelligence · MI / Troy

Troy, MI 48083 Housing Market

In Troy, MI 48083, the typical home value is $356,694, up 1.4% over the past year as of 2026-08-01. The median list price sits at $387,400, and homes are spending a median of 28 days on market.

Updated August 2026Median value$357K

The median home value in Troy, MI 48083 is $357K as of August 2026, up 1.4% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 48083 range

$328K to $385K

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

+1.4% over 12 months

Typical home value in 48083 over the last 12 months: $352K in Aug 2025 to $357K in Aug 2026 (+1.4%).

Aug 2025$352K

Aug 2026$357K

The numbers

What is the 48083 housing market like?

Typical home value

$357K

Up1.4%YoY

Median list price

$387K

Up3.5%MoM

Days on market

28

Down31.7%MoM

Homes for sale

41

Down2.4%MoM

Price cuts

25.5%

Up22.3%MoM

New listings

24

Up20.0%MoM

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

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The comparison

How do 48083 home prices compare?

  • 48083$356,694
  • Troy$473,240
  • Michigan$243,093
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Troy: 4 ZIPs; Michigan: 891 ZIPs; United States: 26,265 ZIPs).

Context

The 48083 market in Troy is moving at a steady pace. There are 41 homes for sale as of 2026-08-01, with 24 new listings adding fresh inventory. The median list price of $387,400 runs above the typical home value of $356,694, which has climbed 1.4% over the past year. Homes are selling in a median of 28 days, and 25.5% of listings have taken a price cut. For a seller, the takeaway is simple: buyers are active, but pricing at or near what the data supports matters more than aiming high.

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