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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

$381,827

AVERAGE PRICE OF 372 HOMES

$1,155,000

AVERAGE PRICE OF 3 MULTI-MILLION DOLLAR HOMES

$721,722

AVERAGE PRICE OF 35 NEWLY BUILT HOMES

$418,066

AVERAGE PRICE OF 24 HOMES WITH A POOL

$338,700

AVERAGE PRICE OF 18 REDUCED PRICE HOMES

Average Home

Average Price $381,827
Avg Bedrooms 2.93 beds
Avg Bathrooms 1.8 baths

Average Price by Bedrooms

1 bedroom $209,390
2 bedrooms $299,962
3 bedrooms $358,474
4 bedrooms $585,477
5 bedrooms $615,950
Royal Oak Home Price Trends
  7/2022 6/2022 5/2022 4/2022 3/2022
Total Listings 350 n/a n/a n/a 207
Average Price $393,010 n/a n/a n/a $399,579
Avg Price Change n/a n/a n/a n/a -0.05%
Median Price $331,960 n/a n/a n/a $337,226
Med Price Change n/a n/a n/a n/a -2.44%
Avg Bedrooms 2.94 beds n/a n/a n/a 2.96 beds
Avg Bathrooms 1.82 baths n/a n/a n/a 1.88 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 372 $381,827 50 days
Multi-Million Dollar Homes 3 $1,155,000 49 days
Newly Built Homes 35 $721,722 183 days
Homes with a Pool 24 $418,066 167 days
Reduced Price Homes 18 $338,700 27 days
Arterra Luxe Collection LLC
148 Pierce Street
Birmingham, MI
248-733-5893

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