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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

$396,059

AVERAGE PRICE OF 336 HOMES

$336,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,233,317

AVERAGE PRICE OF 6 MULTI-MILLION DOLLAR HOMES

$787,613

AVERAGE PRICE OF 36 NEWLY BUILT HOMES

$438,433

AVERAGE PRICE OF 24 HOMES WITH A POOL

$345,952

AVERAGE PRICE OF 19 REDUCED PRICE HOMES

Average Home

Average Price $396,059
Avg Bedrooms 2.96 beds
Avg Bathrooms 1.77 baths

Average Price by Bedrooms

1 bedroom $179,537
2 bedrooms $294,498
3 bedrooms $361,414
4 bedrooms $607,963
5 bedrooms $840,180
Royal Oak Home Price Trends
  9/2022 8/2022 7/2022 6/2022 5/2022
Total Listings 346 361 350 n/a n/a
Average Price $395,974 $387,018 $393,010 n/a n/a
Avg Price Change +2.31% -1.55% n/a n/a n/a
Median Price $331,540 $326,171 $331,960 n/a n/a
Med Price Change +1.65% -1.77% n/a n/a n/a
Avg Bedrooms 2.95 beds 2.94 beds 2.94 beds n/a n/a
Avg Bathrooms 1.82 baths 1.81 baths 1.82 baths n/a n/a
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 336 $396,059 54 days
Distressed Homes 1 $336,000 2 days
Multi-Million Dollar Homes 6 $1,233,317 29 days
Newly Built Homes 36 $787,613 124 days
Homes with a Pool 24 $438,433 79 days
Reduced Price Homes 19 $345,952 38 days
Arterra Luxe Collection LLC
148 Pierce Street
Birmingham, MI
248-733-5893

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