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Royal Oak, MI 48073 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Royal Oak, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.15
ActiveActive listings: 5353PendingPending sales: 88
Royal Oak, MI: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $350k$350kSoldMedian sold price (last 6 months): $366k$366k
What homes actually sell for in Royal Oak, MI
Distribution of 441 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $250k to $450k
$112k to $204k: 64 sales$112k$204k to $296k: 57 sales$296k to $389k: 109 sales109sales$296k$389k to $481k: 95 sales$481k to $573k: 48 sales$481k$573k to $666k: 9 sales$666k to $758k: 10 sales$666k$758k to $850k: 6 salesMedian $366k

What the numbers say

As of October 5, 2026, Resideline is tracking 53 active listings and 8 pending sales in ZIP code 48073. That pending-to-active ratio of 0.15 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $349,990, while the median of the 441 closed sales Resideline tracked over the last six months was $366,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 48073 for 80 days.

Frequently asked questions

What is the median home price in 48073?

The median closed sale price in Royal Oak, MI 48073 was $366,000 over the last six months, based on 441 closed sales tracked by Resideline. The middle half of those sales ranged from $250,000 to $450,000.

Is 48073 a buyer's or seller's market?

Resideline is currently tracking 8 pending sales against 53 active listings in 48073, a pending-to-active ratio of 0.15. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 48073 currently looks like a balanced market.

Nearby ZIP code market data

Full Royal Oak, MI housing market report →

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