Unshakable ZIP Data 48098 | Troy, MI Housing Market
Troy · Oakland County · Detroit-Warren-Dearborn, MI metro · Michigan · Data updated June 19, 2026
The median sale price in ZIP 48098, Troy, Michigan is $580,828 at $230 per square foot. 45 single-family homes sold in the latest period, down 11.2 percent from a year earlier. Homes sit a median of 18 days on market with 2.2 months of supply. Sellers are getting 99.5 percent of list price and 36.4 percent of homes sold above asking.
Seller's market. No room for sloppy offers.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $629,437 | |
| Average price per sq ft | $249 | |
| Median sale price | $580,828 | |
| Median sale price per sq ft | $230 | |
| Median home size | 2,524 sq ft | |
| Median new listing price | $597,288 | +13.8% |
| National size rank | 5,966 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 45 | -11.2% |
| Median days on market | 18 days | |
| Months of supply | 2.2 months | |
| New listings | 67 | +8.1% |
| Active listings | 92 | +16.7% |
| Pending sales | 60 | +1.4% |
Pricing power
| Metric | Value | Year over year |
|---|---|---|
| Average sale-to-list ratio | 99.5% | -0.8 pts |
| Share sold above list | 36.4% | -10.7 pts |
Bedroom value anchors
Average values by bedroom count. Value anchors for orientation, not appraisals.
2-bedroom
$278,989
3-bedroom
$446,628
4-bedroom
$687,715
5-bedroom
$845,829
These figures describe the single-family market for Troy, Michigan ZIP 48098. They are market context, not a substitute for sold comps or a formal appraisal.