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Royal Oak, MI 48073 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Royal Oak, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.06
ActiveActive listings: 6666PendingPending sales: 44
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): $220k$220kSoldMedian sold price (last 6 months): $365k$365k
What homes actually sell for in Royal Oak, MI
Distribution of 468 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $232k to $450k
$93k to $194k: 70 sales$93k$194k to $295k: 67 sales$295k to $396k: 127 sales127sales$295k$396k to $496k: 96 sales$496k to $597k: 35 sales$496k$597k to $698k: 11 sales$698k to $799k: 10 sales$698k$799k to $900k: 5 salesMedian $365k

What the numbers say

As of September 14, 2026, Resideline is tracking 66 active listings and 4 pending sales in ZIP code 48073. That pending-to-active ratio of 0.06 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $220,000, while the median of the 468 closed sales Resideline tracked over the last six months was $365,000. 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 63 days.

Frequently asked questions

What is the median home price in 48073?

The median closed sale price in Royal Oak, MI 48073 was $365,000 over the last six months, based on 468 closed sales tracked by Resideline. The middle half of those sales ranged from $232,000 to $450,000.

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

Resideline is currently tracking 4 pending sales against 66 active listings in 48073, a pending-to-active ratio of 0.06. 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

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