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Foreclosure Homes in Royal Oak, MI 48073

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Royal Oak, MI Foreclosures

How much do homes sell for in Royal Oak, MI?
The average home price is currently $376,243.
In Royal Oak, MI, how many homes are available?
There are currently 48 active home listings available in Royal Oak.
What’s the average rental cost in Royal Oak, MI?
The average rental price in Royal Oak is $1,684.
What is the most expensive home in Royal Oak?
The most expensive home sold in Royal Oak had a price of $6,005,264.
What is currently the cheapest priced home in Royal Oak, MI?
The cheapest home for sale in Royal Oak is priced at $46,071.

Living in Royal Oak, MI

Royal Oak, MI is a bustling city that combines urban convenience with suburban comfort. It features a dynamic community atmosphere, an active arts scene, and plenty of parks and eateries. With good schools and excellent connectivity to Detroit, it is a great location for families and young professionals.

Current Market Conditions in Royal Oak, MI

Royal Oak's real estate market is marked by steady demand, with an increasing number of buyers seeking residential properties in the area. The growth of local businesses and amenities has supported property values, making it an attractive location for investment.

In recent years, there has been a noticeable trend towards renovations and improvements in older homes, allowing investors to capitalize on the renovation market. This uptick in demand paired with limited inventory has created a competitive environment for home buyers.

Home Value Estimator For Royal Oak, MI

There are currently 24,383 real estate properties in Royal Oak, MI, with a median automated valuation model (AVM) price of $340,237.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Royal Oak, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Royal Oak, MI, is $376,243.00, with the most expensive house in Royal Oak, MI, topping out at $6,005,264.00 and the cheapest home in Royal Oak, MI, clocking in at $46,071.00. In other words, there’s something for every potential homebuyer or savvy investor in Royal Oak, MI!

Rent Prices In Royal Oak, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Royal Oak, MI, is on a rollercoaster ride. The average rent price in Royal Oak, MI, is $1,684.00. Indeed, when looking to rent in Royal Oak, MI, you can expect to pay as little as $600.00 or as much as $3,140.00, with the average rent median estimated to be $1,620.00. The good news is that finding an affordable and desirable property to rent in Royal Oak, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Royal Oak, MI 48073 Foreclosures

Market Trend for Royal Oak, MI

Total Listings Available: 48

Market Values:

Home Prices from $46,071 to $6,005,264

Average Sales Price: $376,243

Rental Values:

Rental from $600 to $3,140

Average Rent Value: $1,684 / month

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