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Foreclosure Homes in Troy, MI 48098

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Troy, MI Foreclosures

Current Market Conditions in in Troy, MI As of March 2026?
Over the past month, the Troy real estate market has seen a slight uptick in home sales activity, although inventory levels remain low. This shortage continues to fuel competition among buyers, leading to multiple offer situations for desirable listings. Sellers are capitalizing on favorable conditions, often receiving offers above the asking price. Additionally, home prices have shown resilience, with recent listings selling quickly, indicating sustained demand.
How much do homes sell for in Troy, MI?
The average home price is currently $527,064.
In Troy, MI, how many homes are available?
There are currently 11 active home listings available in Troy.
What’s the average rental cost in Troy, MI?
The average rental price in Troy is $2,127.
What is the most expensive home in Troy?
The most expensive home sold in Troy had a price of $40,423,218.
What is currently the cheapest priced home in Troy, MI?
The cheapest home for sale in Troy is priced at $20,906.

Living in Troy, MI

Troy, MI is a thriving suburban city known for its excellent schools, diverse dining options, and abundant recreational parks. It offers a perfect blend of a peaceful suburban lifestyle while maintaining proximity to metropolitan amenities. The city's robust community events and activities make it a great place to live for families and young professionals.

Buyer vs Seller Market in Troy, MI

Troy's real estate market remains strong, with a steady increase in home values over the past few years. The demand for homes in the area continues to rise due to its desirable location, excellent schools, and vibrant community. Buyers are typically experiencing a competitive market, driven by low inventory levels and high buyer interest, especially in family-oriented neighborhoods.

Home Value Estimator For Troy, MI

There are currently 29,607 real estate properties in Troy, MI, with a median automated valuation model (AVM) price of $458,350.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Troy, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Troy, MI, is $527,064.00, with the most expensive house in Troy, MI, topping out at $40,423,218.00 and the cheapest home in Troy, MI, clocking in at $20,906.00. In other words, there’s something for every potential homebuyer or savvy investor in Troy, MI!

Rent Prices In Troy, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Troy, MI, is on a rollercoaster ride. The average rent price in Troy, MI, is $2,127.00. Indeed, when looking to rent in Troy, MI, you can expect to pay as little as $780.00 or as much as $4,300.00, with the average rent median estimated to be $2,050.00. The good news is that finding an affordable and desirable property to rent in Troy, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Troy, MI 48098 Foreclosures

Market Trend for Troy, MI

Total Listings Available: 11

Market Values:

Home Prices from $20,906 to $40,423,218

Average Sales Price: $527,064

Rental Values:

Rental from $780 to $4,300

Average Rent Value: $2,127 / month

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