Royal Oak, MI Home Values & Market Trends
Real estate market trends reflect that there have been 1,422 transactions over the past year in Royal Oak. The median value for residential home transactions that occurred over the previous year is $375,547. The number of current listings in Royal Oak is 1,587, and the percentage of properties for sale in the city is 1587.00%. Royal Oak, MI currently has 17 properties in foreclosure, 1 bank owned properties, 16 properties headed for auction, and 1,587 properties for sale.
Royal Oak, MI Real Estate Market Overview
Housing Market Summary for Royal Oak, MI
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $350K | $365K | 4.29% |
| Median Sold Price | $379.9K | $335.5K | -11.69% |
| Homes For Sale | 1,009 | 1,559 | 54.51% |
| Homes Sold | 668 | 413 | -38.17% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Royal Oak, MI
Browse Homes in Royal Oak, MI
Royal Oak home values range from $82,460 to $2,299,000. The median estimated value of a home in Royal Oak is $375,547. The median list price of a home is 365,000, and the total count of properties in the city is 2,030.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Royal Oak, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Royal Oak, MI; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Royal Oak, MI ranges from the highest value of $1,625,000 in 48073 to the lowest value of $1,625,000 in 48073. Bank owned homes and properties account for 0.05% of properties in Royal Oak, MI. There are 3 zips within Royal Oak, MI; 48073 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48067 has 8 auction properties, the highest number of properties going to auction in a single zip in the state of Royal Oak, MI. Auction homes and other auction properties account for 0.79% of all properties in Royal Oak, MI. There are 3 zips within Royal Oak, MI; of those zips, the median estimated home value for homes going to auction ranges from $485,853 in 48073 to the lowest value of $180,462 in 48073.
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More Real Estate Resources for Royal Oak, MI
Guide for Royal Oak, MI
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
