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Royal Oak Market Trends

Today, December 4, 2009

Median Sales Price in Royal Oak

Embed Info
1 yr 5 yr Max
Royal Oak median sales prices
Number of sold homes in Royal Oak
No. BedroomsAug - Oct '09y-o-y3 months prior1 year prior5 years prior
1 bedroom$58,500-37.8%$66,310$94,080$85,500
2 bedrooms$97,825-21.7%$95,000$125,000$150,000
3 bedrooms$121,750-16.3%$130,750$145,500$186,000
4 bedrooms$178,168+8.0%$141,500$165,000$236,762
All properties$117,832-17.5%$123,625$142,766$177,900
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Royal Oak Summary

The median sales price for homes in Royal Oak MI for Aug 09 to Oct 09 was $117,832. This represents a decline of 4.7%, or $5,793, compared to the prior quarter and a decrease of 17.5% compared to the prior year. Sales prices have depreciated 33.8% over the last 5 years in Royal Oak.

The average listing price for Royal Oak homes for sale on Trulia was $160,517 for the week ending Nov 25, which represents an increase of 0.1%, or $166, compared to the prior week and a decline of 1.3%, or $2,080, compared to the week ending Nov 04. Average price per square foot for Royal Oak MI was $104, a decrease of 16.1% compared to the same period last year.

 

Average Listing Price in Royal Oak

Embed Info
1 yr 5 yr Max
Royal Oak average property price
Royal Oak – number of properties
No. BedroomsWeek ending
Nov 25
w-o-wWeek ending
Nov 18
Week ending
Nov 11
Week ending
Nov 4
1 bedroom$98,043-5.1%$103,354$100,574$103,535
2 bedrooms$115,942-1.9%$118,154$116,639$115,856
3 bedrooms$170,202+1.1%$168,358$169,671$170,079
4 bedrooms$219,942-0.9%$221,930$227,378$231,584
All properties$160,517+0.1%$160,351$161,762$162,597
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Average Price Per Sqft for Homes in Royal Oak

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1 yr 5 yr Max
Royal Oak average price per square foot
No. BedroomsAug - Oct '09y-o-y3 months prior1 year prior5 years prior
1 bedroom$86-43.4%$94$152$133
2 bedrooms$101-17.9%$100$123$160
3 bedrooms$107-13.7%$109$124$170
4 bedrooms$112-6.7%$88$120$156
All properties$104-16.1%$103$124$164
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Homes for Sale in Royal Oak

212 Maxwell Avenue, Royal Oak MI
212 Maxwell…
$174,900
3 br  2 ba
1107 Hickory Avenue, Royal Oak MI
1107 Hicko…
$179,500
4 br  1 ba
133 North Rembrandt Avenue, Royal Oak MI
133 N Remb…
$89,900
3 br  2 ba
920 Hoffman Avenue, Royal Oak MI
920 Hoffman…
$177,000
3 br  2 ba
100 West 5th Street #804, Royal Oak MI
100 W 5th…
$189,000
2 br  2 ba
315 East Bloomfield Avenue, Royal Oak MI
315 E Bloo…
$253,900
3 br  3 ba
View all Royal Oak Homes for Sale
 
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Royal Oak

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Nearby Cities

Cities
Median
sales price
Average
listing price
Pleasant Ridge
$156,500
$237,792
Huntington Woods
$210,000
$280,450
Madison Heights
$75,000
$89,618
Ferndale
$75,000
$99,594
Berkley
$110,000
$133,363
Clawson
$85,670
$119,705
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Advice

Recent Q&A in Royal Oak, MI

Q: How is the forecast between Eastside and Westside? I am moving back to MI and choosing between Grosse Pointe and Royal Oak/Birmingham. 3 answers
Q: Hi, We are finding a porfolio lender for home buying. anyone knows what banks or who are a porfolio lender who take a look detail of business bank? 1 answer
Q: Can you give me a list of the things a for sale by owner...? 19 answers
Q: How do you estimate the value (ballpark) of your home today without having to get an appraisal? 10 answers
Q: Is a second lien mortgage permissible in MI? Kid's are in financial straits, need loan of $30K on their condo. Would do promissory note for? 3 answers

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Royal Oak Stats & Trends

  • Royal Oak Real Estate Overview
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  • Royal Oak Home Prices
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Our real estate market trends page gives you a valuable overview of the Royal Oak real estate market. Find Royal Oak properties, sales statistics, real estate price trends, and real estate market activity. Find detailed information on Royal Oak average and median listing prices, home value trends, and average price per square feet information for single family homes, condos, and other property types. Real estate market data is segmented by the number of bedrooms and Royal Oak housing statistics are available for each Royal Oak, MI neighborhood.
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About this Info
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.

 
   
About this Info
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.

 
   
About this Info
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.

 
   
About this Info
Average Price per Square Foot 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.