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Royal Oak

Why you'd want to live in Royal Oak

The City of Royal Oak requires no introduction to the Detroit metropolitan area. Conveniently located near several major thoroughfares, Royal Oak's location is prime. This is evident in the steady rise of property values throughout the city. Royal Oak has maintained the appeal of a small town, while affording many of the amenities of a large metropolis. Because of its respect for diversity, the city's composition is truly eclectic. The population represents a diverse mix of individuals, age groups, incomes, and myriad of residential home styles. Combined efforts of a proactive city government and Downtown Development Authority over the past several years have brought about a metamorphosis of the city's central business district. Downtown improvements have included changes to the landscape that encourage socialization. via romi.gov

Royal Oak Market Report

$497,270

AVERAGE PRICE OF 131 HOMES

$1,193,414

AVERAGE PRICE OF 14 MULTI-MILLION DOLLAR HOMES

$964,846

AVERAGE PRICE OF 17 NEWLY BUILT HOMES

$196,950

AVERAGE PRICE OF 2 HOMES WITH A POOL

$434,725

AVERAGE PRICE OF 4 REDUCED PRICE HOMES

Average Home

Average Price $497,270
Avg Bedrooms 2.66 beds
Avg Bathrooms 2.2 baths

Average Price by Bedrooms

1 bedroom $130,725
2 bedrooms $367,376
3 bedrooms $389,354
4 bedrooms $804,619
5 bedrooms $1,241,483
Royal Oak Home Price Trends
  3/2024 2/2024 1/2024 12/2023 11/2023
Total Listings 240 169 180 178 210
Average Price $454,495 $445,568 $456,322 $441,181 $427,045
Avg Price Change +2.00% -2.41% +3.43% +3.31% -3.76%
Median Price $363,596 $350,786 $357,775 $355,351 $352,508
Med Price Change +3.65% -1.99% +0.68% +0.81% -2.54%
Avg Bedrooms 2.7 beds 2.74 beds 2.81 beds 2.94 beds 2.9 beds
Avg Bathrooms 2.06 baths 2.07 baths 2.16 baths 1.95 baths 1.84 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 131 $497,270 25 days
Multi-Million Dollar Homes 14 $1,193,414 28 days
Newly Built Homes 17 $964,846 31 days
Homes with a Pool 2 $196,950 12 days
Reduced Price Homes 4 $434,725 25 days
Arterra Luxe Collection LLC
213 Hamilton Row
Birmingham, MI 48009
248-733-5893

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Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
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