How much is a home in 48098 worth?

The typical home value in Troy 48098 is $589,487, up 3.4% over the past year.

How long do homes take to sell in 48098?

Homes in 48098 spend a median of 30 days on market.

Are sellers cutting prices in 48098?

Only 8.3% of current listings in 48098 have had a price cut, suggesting most sellers are holding their asking prices.

Market Intelligence · MI / Troy

Troy, MI 48098 Housing Market

In Troy, MI 48098, the typical home value is $589,487, up 3.4% over the past year. The median list price is $604,990, and homes spend a median of 30 days on market.

Updated August 2026Median value$589K

The median home value in Troy, MI 48098 is $589K as of August 2026, up 3.4% 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 48098 range

$542K to $637K

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

+3.4% over 12 months

Aug 2025$570K

Low $570KHigh $589K

Aug 2026$589K

The numbers

What is the 48098 housing market like?

As of August 2026

Typical home value

$589K

3.4%YoY

Median list price

$605K

19.3%MoM

Days on market

11.8%MoM

Homes for sale

24.4%MoM

Price cuts

8.3%

49.5%MoM

New listings

33.3%MoM

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

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The comparison

How do 48098 home prices compare?

48098$589,487
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 Troy 48098 market shows steady movement. There are 51 homes for sale, with 32 new listings recently added. The median list price of $604,990 sits above the typical home value of $589,487, which has risen 3.4% over the past year. Homes are moving at a median of 30 days on market, and only 8.3% of listings have taken a price cut. For sellers, this points to a market where well-priced homes are finding buyers without widespread discounting, so pricing carefully from the start matters more than testing the market high.

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