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Brookwood Clawson Cottage Homes Ellwood Heights Emlo Park (Elmo Park) Forest Heights (Forest Hts.) Haldeman (Haldemans Berkley) Hillcrest Manor Johns Woods (Saint Johns Woods) Nordwood Estates Northwood Oak Run (Oakrun) Osborne Starr Acres (Star Acres) Washington Heights (Washington Hts.) Woodward Avenue

ROYAL OAK, MI 48073

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 48073

Brookwood · Clawson · Cottage Homes · Ellwood Heights · Emlo Park (Elmo Park) · Forest Heights (Forest Hts.) · Haldeman (Haldemans Berkley) · Hillcrest Manor · Johns Woods (Saint Johns Woods) · Nordwood Estates · Northwood · Oak Run (Oakrun) · Osborne · Starr Acres (Star Acres) · Washington Heights (Washington Hts.) · Woodward Avenue

Market Analysis

Data as of March 2026. Source: Realtor.com.

The ROYAL OAK, MI real estate market (48073) currently shows 127 active listings, with 50 pending sales. Homes are averaging 41 days on the market before going under contract.

Inventory has increased compared to last year, with 37 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 41 days on market compared to 25 days last year.

The median listing price has risen 10.3% year-over-year, from $339,000 to $374,000.

Whether you are buying or selling in ROYAL OAK, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 33,822  ·  Density: 1,766.1/mi²  ·  Median household income: $86,269

Typical home value: $284,681  ·  Homeownership: 64.1%

Market Overview

Active Listings
127
⇧ 41.1% vs 90 last year
Pending
50
39% pending ratio
Median Price
$374,000
⇧ 10.3% vs $339,000 last year
Average Price
$489,301
⇧ 11.5% vs $438,889 last year
Days on Market
41
⇧ 64% vs 25 days last year

Price Per Square Foot

Median $/sqft
$282
⇧ 8% vs $261/sqft last year
Median Home Size
1,312 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 127 this year vs 90 last year
  • Days on market: 41 now vs 25 last year

Median & Average Pricing

Year over Year
  • Median: $374,000 (+10.3% YoY)
  • Average: $489,301 (+11.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 6.6 miles — 1,109 listings ($490,349,862 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48073Royal Oak, MI 480730.0 mi122$59,021,648$369,950$483,784
48072Berkley, MI 480721.8 mi43$15,454,673$332,475$359,411
48070Huntington Woods, MI 480702.6 mi8$4,354,984$445,000$544,373
48009Birmingham, MI 480093.2 mi113$211,826,297$1,662,000$1,874,569
48069Pleasant Ridge, MI 480693.4 mi6$5,792,880$734,900$965,480
48076Southfield, MI 480763.7 mi56$15,823,416$285,950$282,561
48220Ferndale, MI 482204.5 mi78$21,737,196$233,725$278,682
48030Hazel Park, MI 480305.2 mi75$15,204,300$187,900$202,724
48092Warren, MI 480925.3 mi55$13,289,045$249,675$241,619
48310Sterling Heights, MI 483105.9 mi74$26,029,352$337,364$351,748
48085Troy, MI 480856.1 mi47$29,868,923$532,475$635,509
48221Detroit, MI 482216.4 mi209$42,169,512$184,500$201,768
48235Detroit, MI 482356.6 mi223$29,777,636$129,425$133,532

Frequently Asked Questions

How many homes are for sale in ROYAL OAK, MI 48073?

As of March 2026, there are 127 active listings in ROYAL OAK, MI (zip code 48073), compared to 90 the prior year.

What is the median home price in ROYAL OAK, MI 48073?

The median listing price in ROYAL OAK, MI 48073 is $374,000 as of March 2026, a 10.3% increase from $339,000 the prior year.

How long do homes stay on the market in ROYAL OAK, MI?

Homes in ROYAL OAK, MI 48073 spend an average of 41 days on the market before going under contract, compared to 25 days the prior year.

Is it a seller's or buyer's market in ROYAL OAK, MI 48073?

Based on current inventory and days-on-market data as of March 2026, ROYAL OAK, MI 48073 is currently a Buyer's Market. Inventory has increased compared to last year, with 37 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 41 days on market compared to 25 days last year.

How much can I save on real estate commission in ROYAL OAK, MI?

With SELL123.com's maximum 3% commission, sellers in ROYAL OAK, MI 48073 save an estimated $7,480 compared to a typical 5% commission on the median listing price of $374,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.