Royal Oak, MI Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Royal Oak, MI is $339,000, down 4.6% year-over-year. Homes sell in an average of 42 days with 156 active listings. The market is currently a seller's market.
$339,000median sale price
Is Royal Oak a buyer's or seller's market?
Royal Oak, MI is currently a seller's market, based on 2.1 months of supply and homes selling in about 42 days. How we determine this →
Homes sold
74
Last 12 weeks
Days on market
42
Average pace
Active listings
156
2.1 months supply
Sale-to-list
99.3%
Below asking
Royal Oak, MI market data
| Metric | Value |
|---|---|
| Median sale price | $339,000 |
| Median list price | $399,900 |
| Year-over-year price change | -4.6% |
| Average days on market | 42 days |
| Active inventory | 156 listings |
| Months of supply | 2.1 months |
| Sale-to-list price ratio | 99.3% |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
The Royal Oak housing market is currently classified as a seller's market with a median sale price of $339,000. Prices have fallen 4.6% compared to last year, with homes spending an average of 42 days on market, indicating 2.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Royal Oak
There are currently 156 homes listed for sale in Royal Oak, Michigan. The median listing price is $400K.
Active listings
156
Homes on market
Median list price
$400K
Avg. days on market
42
Days until sale
New this week
81
Newly listed
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Frequently asked questions
What is the average home price in Royal Oak?
The median home sale price in Royal Oak is $339,000, down 4.6% from last year.
How long do homes stay on market in Royal Oak?
Homes typically spend 42 days on market before going under contract.
Is Royal Oak a buyer's or seller's market?
With 2.1 months of supply, Royal Oak is currently a seller's market.
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