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Median sale price
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ZIP 48098 in Troy, MI: housing market trends

The median home sale price in ZIP 48098 in Troy, MI was $656,307 for the three-month period ending September 2026. Sale prices were 30.0% higher than the same period one year earlier. These are area-level statistics; changes in the mix of homes sold can move the median.

Median sale price
$656,307
three-month period ending September 2026
Median sale price per sq ft
$188.69
three-month period ending September 2026
Active listings
133
three-month period ending September 2026
Typical monthly rent
$2,438
Rent index · August 2026

How is housing inventory changing?

There were 133 active listings for the three-month period ending September 2026. Active listings were 37.1% higher than the same period one year earlier. This counts homes active at any time during the period, not only those available on its final day.

How long are homes taking to sell?

The median time on market was 14 days for the three-month period ending September 2026. Sale prices, inventory, and selling time describe different parts of the market; none alone establishes what an individual home will sell for.

Home prices by property type

Published Redfin medians for each home type. Each row covers the three-month period ending in its listed month; missing values remain unavailable.

Property-type comparison for ZIP 48098 in Troy, MI
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$656,307$188.6969
Single-familySeptember 2026$686,827$197.5558
TownhousesSeptember 2026UnavailableUnavailableUnavailable
Condos / co-opsSeptember 2026$294,991$163.7011
Multifamily (2–4 units)September 2026UnavailableUnavailableUnavailable

Compare nearby housing markets

Published city and place figures. Check each row’s reporting period and source before comparing; these are separate markets, not neighborhood boundaries.

Nearby market comparison for ZIP 48098 in Troy, MI
MarketMedian sale priceReporting period / source
Troy, MI$470,000Month ending July 2026 · Zillow
Bloomfield Hills, MI$651,000Month ending July 2026 · Zillow
Birmingham, MI$1,074,4883 months ending September 2026 · Redfin
Clawson, MI$324,8453 months ending September 2026 · Redfin
Rochester Hills, MI$440,000Month ending July 2026 · Zillow
Beverly Hills, MI$597,2163 months ending September 2026 · Redfin

Recent sale-price history

All residential home types. Each row represents an overlapping three-month period ending in that month. Use the charts above for the full available history and home-type filters. Missing values remain unavailable.

Recent home sale prices for ZIP 48098 in Troy, MI
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$656,307$188.69133
August 2026$670,000$204.07136
July 2026$682,500$221.38130
June 2026$617,500$218.27116
May 2026$570,000$222.7994
April 2026$540,000$206.9870
March 2026$533,000$217.2959
February 2026$593,000$208.4555
January 2026$563,750$217.8763
December 2025$552,500$203.9674
November 2025$549,450$204.4780
October 2025$549,450$202.4995
September 2025$505,000$206.7997
August 2025$483,000$198.62101
July 2025$485,000$199.40106
June 2025$542,700$200.7094
May 2025$550,000$204.4680
April 2025$538,000$201.8267
March 2025$521,500$196.4664
February 2025$461,500$194.2459
January 2025$530,000$195.8357
December 2024$550,000$214.5275
November 2024$586,250$216.9490
October 2024$528,000$215.62103

Sources and definitions

Sale-price and property-type histories use Redfin where available. Redfin observations cover rolling three-month periods. Zillow Research supplies monthly home-value and rent indices and additional market series. Provider selection is shown in the chart details. Each metric retains its own reporting date.

Sale price per square foot describes completed sales with reported floor area; it is not a listing-price measure. Active listings count listings active during the reporting period. Home values and rents are typical-value indices, not sale-price or rent medians. ZIP map boundaries are Census ZCTAs and may differ from provider regions. Related ZIP associations do not imply containment within city boundaries.

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