Home Values

Royal Oak Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$188,800

  • 5.0% 1-year change
  • 2.7% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Warm

Buyers' Market
Sellers' Market

The median home value in Royal Oak is $188,800. Royal Oak home values have gone up 5.0% over the past year and Zillow predicts they will rise 2.7% within the next year. The median list price per square foot in Royal Oak is None. The median rent price in Royal Oak is $1,400, which is higher than the Detroit Metro median of $925.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Royal Oak is 1.2%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Royal Oak homeowners underwater on their mortgage is 9.0%, which is lower than Detroit Metro at 21.3%.

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Relative ZHVI
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Royal Oak Market Overview

Data through Apr 30, 2015
  • $188,800 ZHVI
  • 2.7% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Apr 30, 2016)
  • No data Median listing price
  • $188,375 Median sale price
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Royal Oak Market Health

Data through Apr 30, 2015
  • No recent data Very healthy
  • No data Average days on Zillow
  • 9.0% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 1.2% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Cities

Name Median ZHVI
Huntington Woods $300,700
Pleasant Ridge $257,800
Troy $245,500
Name Median ZHVI
Berkley $155,800
Clawson $140,400
Ferndale $109,200
Name Median ZHVI
Madison Heights $89,100
Oak Park $76,800
Hazel Park $45,900

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $164 Median sale price / sq ft
  • No data Listings with price cut
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Royal Oak Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,484 Royal Oak
    $1,121 Detroit Metro
    $1,364 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,400 Rent list price
  • $1.34 Rent list price / sq ft
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