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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

$471,077

AVERAGE PRICE OF 164 HOMES

$1,091,167

AVERAGE PRICE OF 6 MULTI-MILLION DOLLAR HOMES

$844,287

AVERAGE PRICE OF 35 NEWLY BUILT HOMES

$454,515

AVERAGE PRICE OF 13 HOMES WITH A POOL

$520,720

AVERAGE PRICE OF 5 REDUCED PRICE HOMES

Average Home

Average Price $471,077
Avg Bedrooms 2.99 beds
Avg Bathrooms 1.92 baths

Average Price by Bedrooms

1 bedroom $133,900
2 bedrooms $358,459
3 bedrooms $416,942
4 bedrooms $789,932
5 bedrooms $654,500
Royal Oak Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 185 182 218 265 315
Average Price $426,841 $443,331 $428,250 $407,386 $398,424
Avg Price Change -3.86% +3.52% +5.12% +2.25% +0.62%
Median Price $350,553 $354,791 $346,481 $328,898 $327,131
Med Price Change -1.21% +2.40% +5.35% +0.54% -1.35%
Avg Bedrooms 2.95 beds 3.04 beds 3.05 beds 2.98 beds 2.97 beds
Avg Bathrooms 1.83 baths 1.91 baths 1.85 baths 1.81 baths 1.79 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 164 $471,077 87 days
Multi-Million Dollar Homes 6 $1,091,167 26 days
Newly Built Homes 35 $844,287 144 days
Homes with a Pool 13 $454,515 210 days
Reduced Price Homes 5 $520,720 97 days
Arterra Luxe Collection LLC
148 Pierce Street
Birmingham, MI
248-733-5893

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