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TROY, MI 48085

Real Estate Market Report
Seller's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The TROY, MI real estate market (48085) currently shows 47 active listings, with 20 pending sales. Homes are averaging 34 days on the market before going under contract.

Inventory has tightened compared to last year, with 23 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 34 days on market compared to 72 days last year.

The median listing price has risen 1.6% year-over-year, from $524,347 to $532,475.

Whether you are buying or selling in TROY, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 27,514  ·  Density: 1,142.1/mi²  ·  Median household income: $137,222

Typical home value: $369,657  ·  Homeownership: 92.3%

Market Overview

Active Listings
47
⇩ 32.9% vs 70 last year
Pending
20
43% pending ratio
Median Price
$532,475
⇧ 1.6% vs $524,347 last year
Average Price
$635,509
⇧ 4.8% vs $606,634 last year
Days on Market
34
⇩ 52.8% vs 72 days last year

Price Per Square Foot

Median $/sqft
$257
⇧ 7.5% vs $239/sqft last year
Median Home Size
2,156 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 47 this year vs 70 last year
  • Days on market: 34 now vs 72 last year

Median & Average Pricing

Year over Year
  • Median: $532,475 (+1.6% YoY)
  • Average: $635,509 (+4.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.6 miles — 812 listings ($450,557,824 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48085Troy, MI 480850.0 mi49$29,523,039$525,000$602,511
48083Troy, MI 480833.0 mi57$30,169,074$394,900$529,282
48310Sterling Heights, MI 483103.6 mi78$26,728,338$333,500$342,671
48307Rochester, MI 483074.1 mi84$51,746,436$480,000$616,029
48017Clawson, MI 480174.7 mi19$6,118,323$312,500$322,017
48304Bloomfield Hills, MI 483045.9 mi57$82,599,612$490,000$1,449,116
48313Sterling Heights, MI 483136.1 mi56$16,257,416$280,000$290,311
48312Sterling Heights, MI 483126.3 mi82$26,542,498$315,000$323,689
48092Warren, MI 480926.8 mi53$13,522,526$255,000$255,142
48067Royal Oak, MI 480677.7 mi112$51,298,240$375,000$458,020
48093Warren, MI 480938.0 mi71$17,085,156$245,000$240,636
48342Pontiac, MI 483428.5 mi41$5,663,740$135,000$138,140
48306Rochester, MI 483068.6 mi53$93,303,426$1,200,000$1,760,442

Frequently Asked Questions

How many homes are for sale in TROY, MI 48085?

As of February 2026, there are 47 active listings in TROY, MI (zip code 48085), compared to 70 the prior year.

What is the median home price in TROY, MI 48085?

The median listing price in TROY, MI 48085 is $532,475 as of February 2026, a 1.6% increase from $524,347 the prior year.

How long do homes stay on the market in TROY, MI?

Homes in TROY, MI 48085 spend an average of 34 days on the market before going under contract, compared to 72 days the prior year.

Is it a seller's or buyer's market in TROY, MI 48085?

Based on current inventory and days-on-market data as of February 2026, TROY, MI 48085 is currently a Seller's Market. Inventory has tightened compared to last year, with 23 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 34 days on market compared to 72 days last year.

How much can I save on real estate commission in TROY, MI?

With SELL123.com's maximum 3% commission, sellers in TROY, MI 48085 save an estimated $10,650 compared to a typical 5% commission on the median listing price of $532,475. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.