Royal Oak

Why you'd want to live in Royal Oak

Royal Oak is a city in Oakland County, Michigan. It is a suburb of Detroit. As of the 2010 census, the city had a population of 57,236. It is the 8th-largest municipality in Oakland County and the 27th largest municipality in Michigan by population. 5.3 miles of walkable downtown sidewalks. Over 85 boutiques, salons and retail shops. 750 outdoor seats at over 70 restaurants. Must-see events and venues.That’s what makes Royal Oak, well, Royal Oak. A meeting place, a see and be seen place.

Royal Oak Market Report

$326,261

AVERAGE PRICE OF 987 HOMES

$266,566

AVERAGE PRICE OF 3 DISTRESSED HOMES

$1,349,000

AVERAGE PRICE OF 4 MULTI-MILLION DOLLAR HOMES

$572,643

AVERAGE PRICE OF 107 NEWLY BUILT HOMES

$211,825

AVERAGE PRICE OF 62 HOMES WITH A POOL

$260,626

AVERAGE PRICE OF 44 REDUCED PRICE HOMES

Average Home

Average Price $326,261
Avg Bedrooms 2.81 beds
Avg Bathrooms 2 baths

Average Price by Bedrooms

1 bedroom $127,326
2 bedrooms $269,907
3 bedrooms $314,521
4 bedrooms $514,858
5 bedrooms $628,980
Royal Oak Home Price Trends
  8/2020 7/2020 6/2020 5/2020 4/2020
Total Listings 1,002 949 919 665 557
Average Price $325,854 $319,483 $314,364 $324,871 $332,633
Avg Price Change +1.99% +1.63% -3.34% -2.39% -0.17%
Median Price $288,919 $282,392 $275,870 $286,804 $297,836
Med Price Change +2.31% +2.36% -3.96% -3.85% -1.16%
Avg Bedrooms 2.84 beds 2.83 beds 2.81 beds 2.79 beds 2.82 beds
Avg Bathrooms 2 baths 1.93 baths 1.89 baths 1.9 baths 1.95 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 987 $326,261 53 days
Distressed Homes 3 $266,566 21 days
Multi-Million Dollar Homes 4 $1,349,000 38 days
Newly Built Homes 107 $572,643 122 days
Homes with a Pool 62 $211,825 58 days
Reduced Price Homes 44 $260,626 34 days

School Data

Highly Rated Royal Oak Schools

10

NORTHWOOD ELEMENTARY SCHOOL
Elementary School
Public

9

ROYAL OAK HIGH SCHOOL
High School
Public

Arterra Realty
Arterra Realty Michigan LLC
425 South Main Street, Suite 101
Rochester, MI 48307
248-731-0048

Arterra Realty Clinton Twp LLC
The Mall at Partridge Creek
17370 Hall Road, Suite 111B
Clinton Township, MI 48038
586-460-2040

Arterra Realty Detroit LLC
Cocoon Building
2785 East Grand Blvd
Detroit, MI 48211
248-731-0048

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