Royal Oak, MI Housing Market
The Royal Oak housing market is very competitive. The median sale price of a home in Royal Oak was $355K last month, up 4.4% since last year. The median sale price per square foot in Royal Oak is $282, up 6.0% since last year.
Royal Oak Housing Market Trends
In April 2024, Royal Oak home prices were up 4.4% compared to last year, selling for a median price of $355K. On average, homes in Royal Oak sell after 8 days on the market compared to 16 days last year. There were 94 homes sold in April this year, up from 89 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Royal Oak housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 13 days.
- Hot homescan sell for about 5% above list price and go pending in around 6 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 4% below list price and go pending in around 43 days.
- Hot homescan sell for about 1% above list price and go pending in around 15 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 3% above list price and go pending in around 11 days.
- Hot homescan sell for about 7% above list price and go pending in around 5 days.
Royal Oak Migration & Relocation Trends
- Across the nation, 0.73% of homebuyers searched to move into Royal Oak from outside metros.
- Los Angeles homebuyers searched to move into Royal Oak more than any other metro followed by Washington and New York.
- 78% of Royal Oak homebuyers searched to stay within the Royal Oak metropolitan area.
- Cape Coral was the most popular destination among Royal Oak homebuyers followed by Grand Rapids and Saginaw.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 369 | ||
2 | 345 | ||
3 | 322 | ||
4 | 287 | ||
5 | 205 | ||
6 | 137 | ||
7 | 94 | ||
8 | 92 | ||
9 | 79 | ||
10 | 68 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 258 | ||
2 | 183 | ||
3 | 145 | ||
4 | 141 | ||
5 | 113 | ||
6 | 112 | ||
7 | 103 | ||
8 | 81 | ||
9 | 81 | ||
10 | 69 |
View houses in Royal Oak that sold recently
Recently sold homes
- $280,000 Last Sold Price3 beds1.5 baths1,280 sq ft1872 Newporte Ct, Royal Oak, MI 48073List Price$249,900Sale to List12% over listDays on Market31 days1872 Newporte Ct, Royal Oak, MI 48073
- $450,000 Last Sold Price3 beds3 baths1,841 sq ft1102 W Webster Rd, Royal Oak, MI 48073List Price$450,000Sale to List0% over listDays on Market28 days1102 W Webster Rd, Royal Oak, MI 48073
- $335,000 Last Sold Price3 beds1 bath1,387 sq ft1007 Mohawk Ave, Royal Oak, MI 48067List Price$334,900Sale to List0% over listDays on Market31 days1007 Mohawk Ave, Royal Oak, MI 48067
- $330,000 Last Sold Price3 beds2 baths964 sq ft1500 Hoffman Ave, Royal Oak, MI 48067List Price$300,000Sale to List10% over listDays on Market22 days1500 Hoffman Ave, Royal Oak, MI 48067
- $430,000 Last Sold Price3 beds2 baths1,288 sq ft4139 Amherst Rd, Royal Oak, MI 48073List Price$399,000Sale to List8% over listDays on Market35 days4139 Amherst Rd, Royal Oak, MI 48073
- $425,000 Last Sold Price3 beds2 baths1,772 sq ft3922 Woodland Ave, Royal Oak, MI 48073List Price$410,000Sale to List4% over listDays on Market14 days3922 Woodland Ave, Royal Oak, MI 48073
- $368,000 Last Sold Price3 beds2 baths1,342 sq ft806 S Lafayette Ave, Royal Oak, MI 48067List Price$335,000Sale to List10% over listDays on Market28 days806 S Lafayette Ave, Royal Oak, MI 48067
- $232,000 Last Sold Price2 beds1 bath904 sq ft214 E 12 Mile Rd, Royal Oak, MI 48073List Price$239,000Sale to List3% under listDays on Market113 days214 E 12 Mile Rd, Royal Oak, MI 48073
See all recently sold homes in Royal Oak.
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Schools in Royal Oak
- Elementary
- Middle
- High
GreatSchools Rating
9/10 Lessenger Elementary School Public • PreK-5 | 285 Students | 11 reviews |
8/10 Angell Elementary School Public • K-5 | 394 Students | 8 reviews |
7/10 Northwood Elementary School Public • K-5 | 470 Students | 8 reviews |
7/10 Clawson Middle School Public • 5-8 | 292 Students | 5 reviews |
7/10 Rogers Elementary School Public • PreK-5 | 358 Students | 9 reviews |
Climate's impact on Royal Oak housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Royal Oak.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Minimal
Wind Factor
Heat Factor - Minor
Heat Factor
Transportation in Royal Oak
Walk Score®
Bike Score®
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