Market Intelligence · MI / Troy

Troy, MI 48085 Housing Market

Troy, MI 48085 has a typical home value of $456,871, which is up 1.6% over the past year. Homes list for a median of $499,450 and remain on the market for a median of 40 days.

Updated September 2026Median value$457K

The median home value in Troy, MI 48085 is $457K as of September 2026, up 1.6% 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 48085 range

$420K to $493K

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

+1.6% over 12 months

Sep 2025$450K

Low $450KHigh $457K

Sep 2026$457K

The numbers

What is the 48085 housing market like?

As of September 2026

Typical home value

$457K

1.6%YoY

Median list price

$499K

0.1%MoM

Days on market

25.0%MoM

Homes for sale

6.5%MoM

Price cuts

18.7%

31.1%MoM

New listings

12.5%MoM

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

The outlook

48085 housing market forecast 2027

+1.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48085 to rise 1.3% by September 2027.

Over the 12 months through September 2026, typical home values in 48085 rose 1.6%, per the Zillow Home Value Index.

Will home prices drop in 48085?

Zillow's forecast does not call for a drop: it expects typical home values in 48085 to rise 1.3% by September 2027, after a 1.6% 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 48085 home prices compare?

48085$456,871
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

The ZIP has 66 homes for sale as of September 2026, with 28 new listings in recent activity. The median days on market of 40 suggests a reasonably paced sale cycle. However, 18.7% of listings have taken a price cut, indicating some sellers are adjusting expectations. The fact that values have still climbed 1.6% year over year suggests underlying strength, but the price cuts reflect real negotiation happening in the current market.

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Down payment20% · $91,374

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Common questions

What people ask us.

What is the typical home value in Troy, MI 48085?

The typical home value is $456,871 as of September 2026, up 1.6% over the past year.

How many homes are currently for sale in 48085?

There are 66 homes for sale as of September 2026, with 28 new listings recently added.

How long do homes typically stay on the market?

Homes remain on the market for a median of 40 days in this ZIP.

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