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Troy, MI 48085 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Troy, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.09
ActiveActive listings: 3434PendingPending sales: 33
Troy, MI: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $497k$497kSoldMedian sold price (last 6 months): $470k$470k
What homes actually sell for in Troy, MI
Distribution of 193 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $385k to $577k
$306k to $368k: 24 sales$306k$368k to $430k: 45 sales45sales$430k to $491k: 29 sales$430k$491k to $553k: 27 sales$553k to $615k: 23 sales$553k$615k to $676k: 9 sales$676k to $738k: 11 sales$676k$738k to $800k: 6 salesMedian $470k

What the numbers say

As of October 5, 2026, Resideline is tracking 34 active listings and 3 pending sales in ZIP code 48085. That pending-to-active ratio of 0.09 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $497,000, while the median of the 193 closed sales Resideline tracked over the last six months was $470,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 48085 for 74 days.

Frequently asked questions

What is the median home price in 48085?

The median closed sale price in Troy, MI 48085 was $470,000 over the last six months, based on 193 closed sales tracked by Resideline. The middle half of those sales ranged from $385,000 to $576,527.

Is 48085 a buyer's or seller's market?

Resideline is currently tracking 3 pending sales against 34 active listings in 48085, a pending-to-active ratio of 0.09. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 48085 currently looks like a balanced market.

Nearby ZIP code market data

Full Troy, MI housing market report →

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