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Ursula Froes
248-252-0075

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

$435,391

AVERAGE PRICE OF 381 HOMES

$1,117,082

AVERAGE PRICE OF 22 MULTI-MILLION DOLLAR HOMES

$876,354

AVERAGE PRICE OF 62 NEWLY BUILT HOMES

$266,943

AVERAGE PRICE OF 32 HOMES WITH A POOL

$398,755

AVERAGE PRICE OF 18 REDUCED PRICE HOMES

Average Home

Average Price $435,391
Avg Bedrooms 2.87 beds
Avg Bathrooms 2.08 baths

Average Price by Bedrooms

1 bedroom $171,380
2 bedrooms $318,387
3 bedrooms $389,788
4 bedrooms $708,991
5 bedrooms $1,059,600
Royal Oak Home Price Trends
  11/2023 10/2023 9/2023 8/2023 7/2023
Total Listings 423 472 479 485 484
Average Price $425,342 $441,774 $447,099 $445,910 $442,811
Avg Price Change -3.86% -1.21% +0.27% +0.70% -1.43%
Median Price $351,583 $360,697 $364,913 $371,972 $374,184
Med Price Change -2.59% -1.17% -1.93% -0.59% -0.61%
Avg Bedrooms 2.89 beds 2.95 beds 3.03 beds 3.01 beds 3.01 beds
Avg Bathrooms 2.05 baths 2.08 baths 2.1 baths 2.13 baths 2.12 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 381 $435,391 54 days
Multi-Million Dollar Homes 22 $1,117,082 92 days
Newly Built Homes 62 $876,354 92 days
Homes with a Pool 32 $266,943 58 days
Reduced Price Homes 18 $398,755 50 days
Arterra Luxe Collection LLC
148 Pierce Street
Birmingham, MI
248-733-5893

Fair Housing/Equal Opportunity
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