All Home Types
Royal Oak, MI Housing Market
What is the housing market like in Royal Oak today?
In August 2024, Royal Oak home prices were down 0.014% compared to last year, selling for a median price of $350K. On average, homes in Royal Oak sell after 16 days on the market compared to 14 days last year. There were 102 homes sold in August this year, down from 131 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$349,950
-0.014% YoY | Aug 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Aug 2024
Growth
% YoY
Royal Oak, MI
$349,950
-0.014%
United States
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Royal Oak Migration & Relocation Trends
In Jul '24 - Sep '24, 22% of Royal Oak homebuyers searched to move out of Royal Oak, while 78% looked to stay within the metropolitan area.
- Across the nation, 0.79% 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 New York and Washington.
Where are people moving to Royal Oak from?
- 78% of Royal Oak homebuyers searched to stay within the Royal Oak metropolitan area.
- Traverse City was the most popular destination among Royal Oak homebuyers followed by Grand Rapids and Cape Coral.
Where are people from Royal Oak moving to?
Number of People Moving to Royal Oak
least
most
People are moving to Royal Oak from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Jul '24 - Sep '24 | ||
| 1 | 498 | ||
| 2 | 477 | ||
| 3 | 463 | ||
| 4 | 365 | ||
| 5 | 186 | ||
| 6 | 125 | ||
| 7 | 101 | ||
| 8 | 97 | ||
| 9 | 79 | ||
| 10 | 69 | ||
People are leaving Royal Oak for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Jul '24 - Sep '24 | ||
| 1 | 220 | ||
| 2 | 203 | ||
| 3 | 190 | ||
| 4 | 133 | ||
| 5 | 133 | ||
| 6 | 120 | ||
| 7 | 88 | ||
| 8 | 88 | ||
| 9 | 88 | ||
| 10 | 56 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Royal Oak.
Provided by First Street Foundation
Transportation in Royal Oak
Learn about the walkability, bikeability, and transit-friendliness of Royal Oak
Somewhat Walkable
Walk Score®
Bikeable
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