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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

$491,390

AVERAGE PRICE OF 185 HOMES

$1,226,271

AVERAGE PRICE OF 14 MULTI-MILLION DOLLAR HOMES

$965,843

AVERAGE PRICE OF 16 NEWLY BUILT HOMES

$448,769

AVERAGE PRICE OF 23 REDUCED PRICE HOMES

Average Home

Average Price $491,390
Avg Bedrooms 2.8 beds
Avg Bathrooms 2.29 baths

Average Price by Bedrooms

1 bedroom $116,133
2 bedrooms $365,583
3 bedrooms $405,844
4 bedrooms $715,605
5 bedrooms $957,466
Royal Oak Home Price Trends
  6/2024 5/2024 4/2024 3/2024 2/2024
Total Listings 417 384 116 85 18
Average Price $485,128 $498,973 $499,983 $478,576 $413,761
Avg Price Change -2.85% -0.20% +4.47% +15.66% -3.12%
Median Price $382,321 $384,550 $391,105 $382,919 $343,405
Med Price Change -0.58% -1.70% +2.14% +11.51% +0.22%
Avg Bedrooms 2.71 beds 2.7 beds 2.64 beds 2.52 beds 2.5 beds
Avg Bathrooms 2.25 baths 2.29 baths 2.23 baths 2.21 baths 2.24 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Royal Oak High School 3 $391,600 12 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 185 $491,390 39 days
Multi-Million Dollar Homes 14 $1,226,271 70 days
Newly Built Homes 16 $965,843 73 days
Reduced Price Homes 23 $448,769 35 days
Arterra Luxe Collection LLC
213 Hamilton Row
Birmingham, MI 48009
248-733-5893

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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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. .IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Provided through IDX through Realcomp II Ltd. Courtesy of Arterra Realty. Copyright 2024 Realcomp II Ltd. Shareholders
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