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Jessica Juel
248-878-1961

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

$433,362

AVERAGE PRICE OF 194 HOMES

$1,117,082

AVERAGE PRICE OF 11 MULTI-MILLION DOLLAR HOMES

$882,066

AVERAGE PRICE OF 30 NEWLY BUILT HOMES

$262,411

AVERAGE PRICE OF 17 HOMES WITH A POOL

$438,133

AVERAGE PRICE OF 6 REDUCED PRICE HOMES

Average Home

Average Price $433,362
Avg Bedrooms 2.88 beds
Avg Bathrooms 1.86 baths

Average Price by Bedrooms

1 bedroom $172,745
2 bedrooms $313,631
3 bedrooms $387,929
4 bedrooms $689,594
5 bedrooms $1,059,600
Royal Oak Home Price Trends
  10/2023 9/2023 8/2023 7/2023 6/2023
Total Listings 472 479 485 484 507
Average Price $441,774 $447,099 $445,910 $442,811 $449,156
Avg Price Change -1.21% +0.27% +0.70% -1.43% -1.69%
Median Price $360,697 $364,913 $371,972 $374,184 $376,477
Med Price Change -1.17% -1.93% -0.59% -0.61% -0.13%
Avg Bedrooms 2.95 beds 3.03 beds 3.01 beds 3.01 beds 2.98 beds
Avg Bathrooms 2.08 baths 2.1 baths 2.13 baths 2.12 baths 2.12 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 194 $433,362 53 days
Multi-Million Dollar Homes 11 $1,117,082 90 days
Newly Built Homes 30 $882,066 93 days
Homes with a Pool 17 $262,411 54 days
Reduced Price Homes 6 $438,133 37 days
Arterra Luxe Collection LLC
148 Pierce Street
Birmingham, MI
248-733-5893

Fair Housing/Equal Opportunity
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