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Market Intelligence · MI / Oakland County

Royal Oak, MI home prices and housing market

2 ZIP markets liveData updated September 2026Typical value$329K1-yr changeUp1.8%

The typical home value in Royal Oak, MI is $329K as of September 2026, up 1.8% from a year ago, based on the Zillow Home Value Index. In the typical Royal Oak ZIP code, the median list price is $380K and homes spend a median of 40 days on market as of September 2026 (Realtor.com).

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The coverage

Royal Oak, by the numbers.

Typical home valueZillow ZHVI, September 2026
$329K
1-yr changeMedian across Royal Oak ZIPs
+1.8%
ZIP markets live3 tracked in Royal Oak
2
County
Oakland County

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12-month value trend

+1.8% over 12 months

Typical home value in Royal Oak over the last 12 months: $323K in Sep 2025 to $329K in Sep 2026 (+1.8%).

Sep 2025$323K

Sep 2026$329K

Median Zillow home value index across Royal Oak's ZIP codes.

Context

In Royal Oak, the typical home value stands at $328,894, up 1.8% over the past year as of September 2026. The market shows moderate activity with 289 homes for sale and 122 new listings. The median list price is $379,975, while homes spend a median of 40 days on market. About 26.1% of current listings carry a price cut, suggesting some sellers are adjusting expectations. For homeowners considering a sale, Royal Oak presents a balanced market where pricing discipline matters and patience may be rewarded.

The numbers

What is the housing market like in Royal Oak, MI?

Typical home value

$329K

Up1.8%YoY

Median list price

$380K

Days on market

40

Homes for sale

289

Price cuts

26.1%

New listings

122

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Royal Oak's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Royal Oak, MI home prices over time

Typical home values in Royal Oak, MI are up 1.8% over the past year, from $323K in September 2025 to $329K in September 2026.

Typical home value in Royal Oak, MI, September of each year
MonthTypical value1-yr change
September 2026$328,894+1.8%
September 2025$322,951No prior year

Typical value is the median Zillow Home Value Index across Royal Oak ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Royal Oak, MI a buyer's or seller's market?

Royal Oak, MI leans toward a buyer's market.

A large share of listings have cut their asking price, which gives buyers more room to negotiate.

Based on a median of 40 days on market and 26% of listings with a price cut in the typical Royal Oak ZIP code, and 122 new listings against 289 active listings across Royal Oak, as of September 2026 (Realtor.com).

The outlook

Royal Oak housing market forecast 2027

+1.3%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 2 Royal Oak ZIP codes, points to typical home values rising 1.3% by September 2027.

Over the 12 months through September 2026, typical home values in Royal Oak rose 1.8%, per the Zillow Home Value Index.

Will home prices drop in Royal Oak?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Royal Oak shows typical home values rising 1.3% by September 2027, after a 1.8% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 2 Royal Oak ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Royal Oak?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 3 Royal Oak ZIP codes in total; the remaining 1 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Royal Oak, MI home prices.

What is a typical home value in Royal Oak?

The typical home value in Royal Oak is $328,894, which has increased 1.8% over the past year as of September 2026.

How long do homes typically stay on the market in Royal Oak?

Homes in Royal Oak spend a median of 40 days on the market as of September 2026.

What is the median list price in Royal Oak?

The median list price in Royal Oak is $379,975 as of September 2026, with 289 homes currently for sale.

Are home prices going up or down in Royal Oak, MI?

Typical home values in Royal Oak, MI are up 1.8% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Royal Oak, MI a buyer's or seller's market?

Royal Oak, MI leans toward a buyer's market. A large share of listings have cut their asking price, which gives buyers more room to negotiate. Based on a median of 40 days on market and 26% of listings with a price cut in the typical Royal Oak ZIP code, and 122 new listings against 289 active listings across Royal Oak, as of September 2026 (Realtor.com).

Nearby markets

More Michigan housing markets.

The market is moving

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