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Royal Oak, MI 48073 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Royal Oak, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.13
ActiveActive listings: 5252PendingPending sales: 77
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): $345k$345kSoldMedian sold price (last 6 months): $370k$370k
What homes actually sell for in Royal Oak, MI
Distribution of 414 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $252k to $444k
$112k to $195k: 48 sales$112k$195k to $278k: 52 sales$278k to $361k: 81 sales$278k$361k to $443k: 109 sales109sales$443k to $526k: 50 sales$443k$526k to $609k: 20 sales$609k to $692k: 9 sales$609k$692k to $775k: 4 salesMedian $370k

What the numbers say

As of October 26, 2026, Resideline is tracking 52 active listings and 7 pending sales in ZIP code 48073. That pending-to-active ratio of 0.13 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $344,950, while the median of the 414 closed sales Resideline tracked over the last six months was $369,500. 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 94 days.

Frequently asked questions

What is the median home price in 48073?

The median closed sale price in Royal Oak, MI 48073 was $369,500 over the last six months, based on 414 closed sales tracked by Resideline. The middle half of those sales ranged from $252,000 to $443,500.

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

Resideline is currently tracking 7 pending sales against 52 active listings in 48073, a pending-to-active ratio of 0.13. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 48073 is currently a typical-pace market.

Nearby ZIP code market data

Full Royal Oak, MI housing market report →

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