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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

$397,523

AVERAGE PRICE OF 342 HOMES

$1,233,317

AVERAGE PRICE OF 6 MULTI-MILLION DOLLAR HOMES

$755,319

AVERAGE PRICE OF 40 NEWLY BUILT HOMES

$436,155

AVERAGE PRICE OF 27 HOMES WITH A POOL

$364,998

AVERAGE PRICE OF 26 REDUCED PRICE HOMES

Average Home

Average Price $397,523
Avg Bedrooms 2.98 beds
Avg Bathrooms 1.81 baths

Average Price by Bedrooms

1 bedroom $179,912
2 bedrooms $303,582
3 bedrooms $363,582
4 bedrooms $596,580
5 bedrooms $765,633
Royal Oak Home Price Trends
  8/2022 7/2022 6/2022 5/2022 4/2022
Total Listings 361 350 n/a n/a n/a
Average Price $387,018 $393,010 n/a n/a n/a
Avg Price Change -1.55% n/a n/a n/a n/a
Median Price $326,171 $331,960 n/a n/a n/a
Med Price Change -1.77% n/a n/a n/a n/a
Avg Bedrooms 2.94 beds 2.94 beds n/a n/a n/a
Avg Bathrooms 1.81 baths 1.82 baths n/a n/a n/a
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 342 $397,523 57 days
Multi-Million Dollar Homes 6 $1,233,317 21 days
Newly Built Homes 40 $755,319 160 days
Homes with a Pool 27 $436,155 147 days
Reduced Price Homes 26 $364,998 37 days
Arterra Luxe Collection LLC
148 Pierce Street
Birmingham, MI
248-733-5893

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