Market Intelligence · MI / Troy

Troy, MI 48098 Housing Market

The typical home value in Troy's 48098 ZIP is $603,128, up 3.3% over the past year. The median list price is $605,897, and homes are taking a median of 22 days on market.

Updated June 2026Median value$603K

The median home value in Troy, MI 48098 is $603K as of June 2026, up 3.3% 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

$555K to $651K

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

+3.3% over 12 months

Typical home value in 48098 over the last 12 months: $584K in Jun 2025 to $603K in Jun 2026 (+3.3%).

Jun 2025$584K

Jun 2026$603K

The numbers

What is the 48098 housing market like?

Typical home value

$603K

Up3.3%YoY

Median list price

$606K

Days on market

22

Up22.2%MoM

Homes for sale

39

Price cuts

16.6%

New listings

32

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 48098 home prices compare?

  • 48098$603,128
  • Troy$488,576
  • Michigan$247,122
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Troy: 4 ZIPs; Michigan: 891 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 39 homes for sale in 48098, with 32 new listings recently added. The median list price sits at $605,897, close to the typical home value of $603,128, which has risen 3.3% over the past year. Homes are moving at a median of 22 days on market. About 16.6% of listings have taken a price cut. Sellers here should price carefully and watch how quickly comparable homes sell.

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