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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

$450,014

AVERAGE PRICE OF 256 HOMES

$1,141,271

AVERAGE PRICE OF 7 MULTI-MILLION DOLLAR HOMES

$805,046

AVERAGE PRICE OF 43 NEWLY BUILT HOMES

$526,530

AVERAGE PRICE OF 20 HOMES WITH A POOL

$441,592

AVERAGE PRICE OF 14 REDUCED PRICE HOMES

Average Home

Average Price $450,014
Avg Bedrooms 2.98 beds
Avg Bathrooms 1.89 baths

Average Price by Bedrooms

1 bedroom $232,785
2 bedrooms $365,215
3 bedrooms $393,175
4 bedrooms $690,336
5 bedrooms $795,000
Royal Oak Home Price Trends
  5/2023 4/2023 3/2023 2/2023 1/2023
Total Listings 240 188 172 185 182
Average Price $457,002 $456,782 $459,772 $426,841 $443,331
Avg Price Change +0.05% -0.65% +7.72% -3.86% +3.52%
Median Price $377,026 $372,776 $362,556 $350,553 $354,791
Med Price Change +1.14% +2.82% +3.42% -1.21% +2.40%
Avg Bedrooms 3.02 beds 3.01 beds 2.94 beds 2.95 beds 3.04 beds
Avg Bathrooms 1.89 baths 1.9 baths 1.9 baths 1.83 baths 1.91 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 256 $450,014 49 days
Multi-Million Dollar Homes 7 $1,141,271 31 days
Newly Built Homes 43 $805,046 88 days
Homes with a Pool 20 $526,530 121 days
Reduced Price Homes 14 $441,592 37 days
Arterra Luxe Collection LLC
148 Pierce Street
Birmingham, MI
248-733-5893

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