Current Market Data · Oakland County, MI (Realcomp, March 2026)
Median Price
$420K
YoY Change
+4.2%
Days on Market
14
Price / Sq Ft
$195
About Troy
Troy is one of Michigan's most significant commercial and residential cities — a major I-75 employment hub that is home to dozens of corporate headquarters, the Somerset Collection (one of Michigan's premier luxury malls), and a highly diverse population of over 85,000 residents. The city is one of Oakland County's largest, and its residential real estate market reflects that scale: diverse inventory, consistent demand, and strong long-term value retention.
Residential Troy is quieter than its commercial reputation suggests. The city is organized into dozens of well-maintained subdivisions with tree-lined streets, active homeowner associations, and strong neighborhood identities. The combination of employment proximity, highway access, and housing variety makes Troy one of Oakland County's most perpetually in-demand markets.
Real Estate Overview
Troy offers housing at a range of price points, from affordable condos and townhomes to executive-level colonials and custom homes in premier subdivisions. The bulk of the housing stock was built between the 1960s and 1990s, with consistent renovation activity keeping properties updated and competitive.
Demand in Troy is driven by a combination of employment proximity (major tech, automotive, and financial employers within or adjacent to the city), highway access, and a well-established residential character across dozens of subdivisions.
What Your Budget Buys in Troy
Entry Tier
$350K–$480K gets you a solid colonial or ranch in one of Troy's many established subdivisions, often well-maintained and move-in ready.
Mid Range
$480K–$750K brings executive colonials, updated homes in premier subdivisions, and newer construction options.
Luxury Tier
Above $750K you're looking at custom builds, large executive homes in gated communities, and properties backing to Auburn Hills employment corridors.
Sarah’s Take
“I've been selling homes in Troy since 2000 and I cannot think of a market in Southeast Michigan with more consistent fundamentals. Major employers right there, highway access in every direction, housing variety at every price point — Troy has held value through every downturn I've witnessed. When clients are nervous about making a move in this market, I often point them to Troy because the data does the reassuring.”
Sarah Patrick
Principal Broker, The Patrick Group
Location & Access
- •Bordered by Birmingham (west), Rochester Hills (north), Sterling Heights (east), and Royal Oak (south)
- •Direct access to I-75, I-696, and Crooks Road — one of Oakland County's most connected cities
- •Somerset Collection and major retail corridors along Big Beaver Road (16 Mile)
- •Approximately 25 miles north of downtown Detroit via I-75
Schools
Primary District: Troy School District
Troy is served by the Troy School District. Athens and Troy High Schools serve secondary students; school assignment depends on address-specific boundaries within the city. Verify the specific assignment for any property with the district.
Frequently Asked Questions
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Market statistics are sourced from Realcomp MLS data for OaklandCounty and reflect general market conditions as of March 2026. City-level figures are adjusted estimates based on known market positioning and may not reflect official MLS sub-market data. Price ranges are general guidance and not guarantees of value. Individual property values depend on condition, location, and current market conditions. School district information should be verified directly with the district for specific property addresses. The Patrick Group | Oak & Stone Real Estate is committed to compliance with the Fair Housing Act and all applicable fair housing laws. Equal Housing Opportunity.