Housing in Royal Oak, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$330,000
Median List Price
$370,000
Price Per Sq Ft
$255
Days on Market
52
Active Inventory
153
Months of Supply
2.7
Seller's market
Zillow Home Value
$316,930
ZHVI — January 2026
Zillow Rent Index
$2,118
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
14.3%
Off Market in 2 Weeks
36.3%
Sale-to-List Ratio
97.0%
Buyer's market
Market Activity
Source: RedfinHomes Sold
56
New Listings
79
Pending Sales
80
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$255
Median List $/SF
$261
Royal Oak vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 50,000 - 100,000 residents. Royal Oak is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$305,900
Median Rent
$1,335
Total Housing Units
31,227
Vacancy Rate
6.0%
Owner Occupied
66.4%
Renter Occupied
33.6%
Median Property Tax
$4,119
per year
Monthly Cost (w/ Mortgage)
$1,491
Housing Types
The current median sale price in Royal Oak, MI is $330,000 according to Redfin data. Homes spend a median of 52 days on the market. 14.3% of homes sold above asking price. The market has 2.7 months of supply. The median price per square foot is $255. Zillow's observed rent index is $2,118/month. About 66.4% of housing units are owner-occupied. The median year homes were built is 1956. There are 31,227 total housing units.