Market Intelligence · MI / Royal Oak

Royal Oak, MI 48073 Housing Market

The typical home value in Royal Oak, MI 48073 is $318,952, up 1.9% over the past year. The median list price stands at $360,500, with homes spending a median of 37 days on market as of September 2026.

Updated September 2026Median value$319K

The median home value in Royal Oak, MI 48073 is $319K as of September 2026, up 1.9% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 48073 range

$293K to $344K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+1.9% over 12 months

Sep 2025$313K

Low $313KHigh $319K

Sep 2026$319K

The numbers

What is the 48073 housing market like?

As of September 2026

Typical home value

$319K

1.9%YoY

Median list price

$361K

3.9%MoM

Days on market

19.4%MoM

Homes for sale

155

11.5%MoM

Price cuts

29.9%

29.8%MoM

New listings

12.5%MoM

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

The outlook

48073 housing market forecast 2027

+1.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48073 to rise 1.4% by September 2027.

Over the 12 months through September 2026, typical home values in 48073 rose 1.9%, per the Zillow Home Value Index.

Will home prices drop in 48073?

Zillow's forecast does not call for a drop: it expects typical home values in 48073 to rise 1.4% by September 2027, after a 1.9% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 48073 home prices compare?

48073$318,952
Royal Oak$328,894
Michigan$241,156
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Royal Oak: 2 ZIPs; Michigan: 891 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 155 homes for sale in 48073, with 70 new listings entering the market recently. The median time on market of 37 days suggests steady buyer interest. However, 29.9% of listings have seen price cuts, indicating some negotiation in the market. While the typical home value has grown modestly year-over-year, sellers should be aware that price adjustments are becoming common as the market balances supply and demand.

Monthly payment

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Home price

Down payment20% · $63,790

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Common questions

What people ask us.

What is the typical home value in Royal Oak, MI 48073?

The typical home value is $318,952, up 1.9% over the past year as of September 2026.

How many homes are currently for sale?

There are 155 homes for sale as of September 2026, with 70 new listings added recently.

How long do homes typically stay on the market?

The median days on market is 37 as of September 2026.

Discover

Nearby ZIP markets.

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