Is Royal Oak, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since July 2021
Since last year, Royal Oak has remained a Seller's Market.
How much do homes in Royal Oak, MI cost?
Median Sold Price
$304,571
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since July 2021
Median Sold Price By Bedroom Count
# BEDS | Jul 2021 | Jul 2022 | % |
---|---|---|---|
1 Bedroom | $90K | $106.5K | +18.3% |
2 Bedrooms | $195K | $215K | +10.3% |
3 Bedrooms | $275K | $309.7K | +12.6% |
4 Bedrooms | $400K | $482.5K | +20.6% |
5+ Bedrooms | $420K | $520K | +23.8% |
How many homes are available in Royal Oak, MI?
Number of Homes For Sale
Jun 2022 | Jul 2022 | % |
---|---|---|
396 | 393 | -0.8% |
Homes For Sale By Bedroom Count
# BEDS | Jun 2022 | Jul 2022 | % |
---|---|---|---|
1 Bedroom | 10 | 11 | +10.0% |
2 Bedrooms | 78 | 83 | +6.4% |
3 Bedrooms | 243 | 233 | -4.1% |
4 Bedrooms | 62 | 62 | 0.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Number of Homes Sold
Jun 2022 | Jul 2022 | % |
---|---|---|
134 | 84 | -37.3% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Average Sale Time
Jul 2021 | Jul 2022 | % |
---|---|---|
14 Days | 20 Days | +42.5% |
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days