| Location | Aug - Oct '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| 48073 | $120,000 | -16.1% | $115,969 | $143,009 | $174,500 | Royal Oak | $117,832 | -17.5% | $123,625 | $142,766 | $177,900 |
Royal Oak, 48073 Market Trends
Today, December 5, 2009
Royal Oak, 48073 Summary
The median sales price for homes in ZIP code 48073 for Aug 09 to Oct 09 was $120,000. This represents an increase of 3.5%, or $4,031, compared to the prior quarter and a decrease of 16.1% compared to the prior year. Sales prices have depreciated 31.2% over the last 5 years in 48073, Royal Oak.
The median sales price of $120,000 for 48073 is 1.84% higher than the median sales price for Royal Oak MI. Average listing price for homes on Trulia in ZIP code 48073 was $145,120 for the week ending Nov 25, which represents an increase of 0.4%, or $547 compared to the prior week and a decline of 2%, or $2,901, compared to the week ending Nov 04. Average price per square foot for homes in 48073 was $101 in the most recent quarter, which is 2.88% lower than the average price per square foot for homes in Royal Oak.
| Location | Week ending Nov 25 | w-o-w | Week ending Nov 18 | Week ending Nov 11 | Week ending Nov 4 |
|---|---|---|---|---|---|
| 48073 | $145,120 | +0.4% | $144,573 | $146,494 | $148,021 | Royal Oak | $160,517 | +0.1% | $160,351 | $161,762 | $162,597 |
| Location | Aug - Oct '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| 48073 | $101 | -16.5% | $99 | $121 | $158 | Royal Oak | $104 | -16.1% | $103 | $124 | $164 |
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Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.
Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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