Troy, MI 48098 Real Estate & Property Data

Troy, MI 48098 Real Estate Market Trends
Last Updated: April 28, 2024

A total of 252 residential properties have been sold over the past 12 months in 48098. With a median sales price of $550,000 in 48098 and a total of 1 foreclosures in Troy, MI 48098. Discover market trends and get the granular level real estate data for Troy, MI 48098 to keep your pulse on the housing market. Curate compelling home reports for Troy, MI 48098 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Troy, MI 48098 Real Estate Market Trends
Total Residential Properties 7,430
Total Commercial Properties 108
Avg. Home Age (Single Family Home) 44 Years
Avg. Square Feet (Single Family Home) 2,684
Total 2024 Residential Sales (year-to-date) 32
% of Homes Seriously Underwater (Q2 2024) 0.88%
Total 2023 Residential Sales 232
% of Equity Rich Homes (Q2 2024) 52.32%
Effective 2023 Property Tax 1.12%
Total Foreclosure Filings (year-to-date) 2
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Troy, MI 48098 Real Estate Overview

There were 252 residential properties sold in the past year in Troy, MI 48098. The median home value in Troy, MI 48098 is $556,563. There are a total of 7,430 residential properties in the 48098.

Median Sales Price i
$550,000
(Feb 2024)
+58%
year-over-year
y-o-y
  • February '24 Feb '24 $550,000
  • January '24 Jan '24 $625,000
  • December '23 Dec '23 $570,000
  • November '23 Nov '23 $592,500
  • October '23 Oct '23 $526,000
  • September '23 Sep '23 $528,500
  • August '23 Aug '23 $685,000
  • July '23 Jul '23 $595,000
  • June '23 Jun '23 $538,500
  • May '23 May '23 $595,000
  • April '23 Apr '23 $559,000
  • March '23 Mar '23 $522,500
Median Down Payment i
$39,200
(Feb 2024)
-43.7%
year-over-year
y-o-y
  • February '24 Feb '24 $39,200
  • January '24 Jan '24 $36,250
  • December '23 Dec '23 $145,200
  • November '23 Nov '23 $120,000
  • October '23 Oct '23 $124,800
  • September '23 Sep '23 $120,750
  • August '23 Aug '23 $134,400
  • July '23 Jul '23 $134,850
  • June '23 Jun '23 $111,800
  • May '23 May '23 $84,900
  • April '23 Apr '23 $62,050
  • March '23 Mar '23 $60,500
Number of Homes Sold i
18
(Feb 2024)
+157.1%
year-over-year
y-o-y
  • February '24 Feb '24 18
  • January '24 Jan '24 14
  • December '23 Dec '23 13
  • November '23 Nov '23 17
  • October '23 Oct '23 22
  • September '23 Sep '23 19
  • August '23 Aug '23 28
  • July '23 Jul '23 29
  • June '23 Jun '23 14
  • May '23 May '23 31
  • April '23 Apr '23 12
  • March '23 Mar '23 28
Number of Purchase Loans i
12
(Feb 2024)
+50%
year-over-year
y-o-y
  • February '24 Feb '24 12
  • January '24 Jan '24 11
  • December '23 Dec '23 11
  • November '23 Nov '23 10
  • October '23 Oct '23 17
  • September '23 Sep '23 16
  • August '23 Aug '23 19
  • July '23 Jul '23 19
  • June '23 Jun '23 21
  • May '23 May '23 22
  • April '23 Apr '23 13
  • March '23 Mar '23 15
Number of REFI Loans i
6
(Feb 2024)
+50%
year-over-year
y-o-y
  • February '24 Feb '24 6
  • January '24 Jan '24 10
  • December '23 Dec '23 4
  • November '23 Nov '23 9
  • October '23 Oct '23 11
  • September '23 Sep '23 5
  • August '23 Aug '23 13
  • July '23 Jul '23 9
  • June '23 Jun '23 14
  • May '23 May '23 10
  • April '23 Apr '23 5
  • March '23 Mar '23 5
Number of HELOC Loans i
7
(Feb 2024)
year-over-year
y-o-y
  • February '24 Feb '24 7
  • January '24 Jan '24 6
  • December '23 Dec '23 16
  • November '23 Nov '23 5
  • October '23 Oct '23 12
  • September '23 Sep '23 11
  • August '23 Aug '23 15
  • July '23 Jul '23 6
  • June '23 Jun '23 6
  • May '23 May '23 11
  • April '23 Apr '23 19
  • March '23 Mar '23 8

Troy, MI 48098 Foreclosure Activity

There were a total of 1 Troy, MI 48098 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i
1
(Feb 2024)
  • February '24 Feb '24 1
  • January '24 Jan '24 1
  • December '23 Dec '23 1
  • November '23 Nov '23 N/A
  • October '23 Oct '23 N/A
  • September '23 Sep '23 N/A
  • August '23 Aug '23 N/A
  • July '23 Jul '23 2
  • June '23 Jun '23 N/A
  • May '23 May '23 N/A
  • April '23 Apr '23 N/A
  • March '23 Mar '23 1
Foreclosure Starts i
1
(Feb 2024)
  • February '24 Feb '24 1
  • January '24 Jan '24 1
  • December '23 Dec '23 1
  • November '23 Nov '23 N/A
  • October '23 Oct '23 N/A
  • September '23 Sep '23 N/A
  • August '23 Aug '23 N/A
  • July '23 Jul '23 2
  • June '23 Jun '23 N/A
  • May '23 May '23 N/A
  • April '23 Apr '23 N/A
  • March '23 Mar '23 1
Completed Foreclosures (REOs) i
  • February '24 Feb '24 N/A
  • January '24 Jan '24 N/A
  • December '23 Dec '23 N/A
  • November '23 Nov '23 N/A
  • October '23 Oct '23 N/A
  • September '23 Sep '23 N/A
  • August '23 Aug '23 N/A
  • July '23 Jul '23 N/A
  • June '23 Jun '23 N/A
  • May '23 May '23 1
  • April '23 Apr '23 N/A
  • March '23 Mar '23 N/A
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