Royal Oak, MI
Housing market overview · Updated weekly
$339,000median sale price
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
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
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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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