Is Royal Oak, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Royal Oak is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Royal Oak has remained a Seller's Market.

Key Takeaway

Royal Oak is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Royal Oak, MD cost?

Median Sold Price

$1,892,500

$411/sqft

Based on all homes sold in September 2022.

Difference Since Last Month

+$510,000(+36.9%)

Key Takeaway

Homes in Royal Oak have sold for 36.9% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSAug 2022Sep 2022%
1 --
N/A
2 $275K-
N/A
3 -$1.4M
N/A
4 $2.4M-
N/A
5+ -$2.2M
N/A

How many homes are available in Royal Oak, MD?

Number of Homes For Sale

Aug 2022Sep 2022%
118-27.3%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 11
0.0%
2 10
-100.0%
3 76
-14.3%
4 10
-100.0%
5+ 11
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Royal Oak, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Aug 2022Sep 2022%
46 Days46 Days0.0%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Royal Oak are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Royal Oak, MD

Royal Oak, MD has 8 homes on the market. The inventory of homes for sale in Royal Oak, MD between August 2022 and September 2022 decreased by 27.3%. In September 2022 median list price was $1,892,500 and the average listing age was 46 days. Listing prices have changed in this real estate market between September 2021 and September 2022: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 0%, prices of 3 bedrooms properties went up by 0%, 4 bedrooms properties became 0% more expensive, 5 bedrooms properties became 0% more expensive. Volume of homes for sale changed: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went down by 100%, number of 3 bedrooms homes decreased by 14.3%, number of 4 bedrooms homes decreased by 100%, 5 bedrooms homes did not move. In September 2022, from all listings sold in Royal Oak, MD there were more than 0 sold above asking price, over 1 sold below and more than 1 were sold right at the asked price.