Market Intelligence · MI / Troy

Troy, MI 48098 Housing Market

Typical home values in Troy 48098 have climbed to $584,080, up 3.5% over the past year. The median list price sits at $461,040, with homes spending 43 days on the market as of September 2026.

Updated September 2026Median value$584K

The median home value in Troy, MI 48098 is $584K as of September 2026, up 3.5% 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.

Get a cash offer

Sell without the wait

Sell your Troy home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 48098 range

$537K to $631K

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.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 48098 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Troy, MI.

12-month value trend

+3.5% over 12 months

Typical home value in 48098 over the last 12 months: $564K in Sep 2025 to $584K in Sep 2026 (+3.5%).

Sep 2025$564K

Sep 2026$584K

The numbers

What is the 48098 housing market like?

Typical home value

$584K

Up3.5%YoY

Median list price

$461K

Down23.8%MoM

Days on market

43

Up43.3%MoM

Homes for sale

51

Flat0.0%MoM

Price cuts

21.8%

Up163.8%MoM

New listings

16

Down50.0%MoM

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

The outlook

48098 housing market forecast 2027

+1.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48098 to rise 1.5% by September 2027.

Over the 12 months through September 2026, typical home values in 48098 rose 3.5%, per the Zillow Home Value Index.

Will home prices drop in 48098?

Zillow's forecast does not call for a drop: it expects typical home values in 48098 to rise 1.5% by September 2027, after a 3.5% 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.

Free home value report

See what your 48098 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 48098 home prices compare?

  • 48098$584,080
  • 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's market shows modest inventory with 51 homes for sale and 16 new listings as of September 2026. The median days on market of 43 suggests a balanced pace for this area. Price reductions appear on 21.8% of listings, which typically signals room for negotiation despite the year-over-year gain in typical home values. For sellers, the uptick in value is real, but the presence of price cuts means buyer leverage remains in play.

Monthly payment

Estimate your monthly payment.

20% · $116,816

Common questions

What people ask us.

What is a typical home worth in Troy 48098?

Typical home values in the ZIP are $584,080 as of September 2026, up 3.5% from the prior year.

How many homes are on the market in Troy 48098?

As of September 2026, there are 51 homes for sale with 16 new listings.

How long do homes typically stay listed in Troy 48098?

The median days on market is 43 as of September 2026.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.