Coming soon
$5,047 Closing Credit¹
#20250033118, Kimberly Nagy Street, Patricia Martin, Listing Office: EXP Realty Nagy Group
Royal Oak Housing Market Report April 2025•Oakland County, Michigan
Housing Prices in Royal Oak, MI
How much do homes in Royal Oak, MI cost?
Housing Market Conditions
Is Royal Oak, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Royal Oak is a Seller's Market
Difference Since April 2024
Since last year, Royal Oak has remained a Seller's Market.
Insight
Royal Oak is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$345,700$219/SqFt
+$705
0.2%
Based on all homes sold in the last 12 months
Insight
The sold price of homes in Royal Oak has remained the same since last year.
Summary: The median home sold price in Royal Oak was $345,700 in April 2025, up 0.2% from last year, and the median price per square foot was $219.
Median Sold Price By Bedrooms
| Beds | Apr 2024 | Apr 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $126.5K | $120K | -5.1% |
| 22 Bedrooms | $250K | $259.9K | +4.0% |
| 33 Bedrooms | $345.6K | $350K | +1.3% |
| 44 Bedrooms | $474K | $507.5K | +7.1% |
| 55+ Bedrooms | $740K | $835K | +12.8% |
Summary: Royal Oak housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -5.1%. The home price for 2 bedroom homes increased by +4.0%. The home price for 3 bedroom homes increased by +1.3%. The home price for 4 bedroom homes increased by +7.1%. The home price for 5 bedroom homes increased by +12.8%.
How does Royal Oak, MI compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Royal Oak, MI
Housing supply in Royal Oak, MI
How many homes are available in Royal Oak, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 304Last MonthApr 2025 | ||
| 2522 months agoMar 2025 | +20.6 % Change MoMMar – Apr |
Summary: The Royal Oak real estate market had 304 homes for sale in Apr 2025, a 20.6 % increase compared to Mar 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 73Last MonthApr 2025 | ||
| 882 months agoMar 2025 | -17.0 % Change MoMMar – Apr |
Homes For Sale By Bedroom Count
| Beds | Mar 2025 | Apr 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 14 | 14 | 0.0% |
| 22 Bedrooms | 61 | 69 | +13.1% |
| 33 Bedrooms | 131 | 164 | +25.2% |
| 44 Bedrooms | 36 | 50 | +38.9% |
| 55+ Bedrooms | 10 | 7 | -30.0% |
Summary: Royal Oak housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +13.1%. The inventory for 3 bedroom homes increased by +25.2%. The inventory for 4 bedroom homes increased by +38.9%. The inventory for 5 bedroom homes decreased by -30.0%.
Asking Price vs. Sold Price
How much do homes in Royal Oak, MI cost?
Over Asking Price33 Homes
At Asking Price20 Homes
Under Asking Price20 Homes
Insight
If you're buying a home in Royal Oak, you could pay more than the asking price. 45.2% of homes here sold above asking price last month.
Summary: A total of 73 homes were sold or pending in Royal Oak in April 2025, down by 17.0% month-over-month. Of the 73 sold homes, 27% were sold under asking, 27% were sold at asking, and and 45% were sold over asking.
Days on Market for Royal Oak, MI
How long does it take to sell a home in Royal Oak, MI?
Breakdown of Home Sale Times
Under 30 Days63 Homes
30 – 90 Days5 Homes
Over 90 Days5 Homes
Insight
Many homes in Royal Oak are selling fast, if you're buying plan to act quickly.
Summary: During April 2025, 73 homes were sold in Royal Oak; 86% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 18 DaysThis YearApr 2025 | ||
| 22 Days1 year agoApr 2024 | -17.0 % Change YoYApr 2024 – Apr 2025 |
Summary: Homes in Royal Oak had an average listing age of 18 days in Apr 2025, down by 17.0% compared to the previous year.
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Newest Listings in Royal Oak, MI
What homes are available in Royal Oak, MI?
8 hours on Rocket
$4,976 Closing Credit¹
#81025023064, Michael Daraskavich, Listing Office: @properties Christies Intl
Coming soon
$7,119 Closing Credit¹
#20250036775, Donald R Grieser, Richard J Gibb, Listing Office: Max Broock, REALTORS®-Birmingham
Coming soon
$5,878 Closing Credit¹
#20250035910, Jim Shaffer, Listing Office: Good Company
Coming soon
$4,038 Closing Credit¹
#20250035887, Kris Barich, Molly Henneghan, Listing Office: Max Broock, REALTORS®-Birmingham
16 hours on Rocket
$10,000 Closing Credit¹
#20250035041, Alexander Chapman, Ashley Awdish, Listing Office: @properties Christies Intl R.E. Birmingham
Coming soon
$6,828 Closing Credit¹
#81025022872, Steve Katsaros, Listing Office: Keller Williams Metro
Coming soon
$7,719 Closing Credit¹
#20250037045, David J Bajoka, Peter Zora, Listing Office: Bajoka Property Group, LLC
1 day on Rocket
$6,234 Closing Credit¹
#20250036427, Moshe Kandinov, Listing Office: Schwartz Properties LLC
1 day on Rocket
$9,499 Closing Credit¹
#20250036934, Elizabeth A Reaume, Listing Office: Howard Hanna Birmingham
Coming soon
$4,155 Closing Credit¹
#20250036806, Kin Yu, Listing Office: EXP Realty Main
Coming soon
$5,344 Closing Credit¹
#20250036763, Matthew Marietta, Listing Office: SimpliHom
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MLS Disclaimers and Copyright
Based on information from RealComp II Ltd., MiRealSource Inc. DL, and Michigan Regional Information Center LLC for the period 05/01/2023 - 05/01/2025
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/21/2025, 12:20:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/21/2025, 12:20:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2025 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/21/2025, 12:20:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.