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Royal Oak, MI 48073 Real Estate & Property Data

Royal Oak, MI 48073 Real Estate Market Trends

Last Updated: September 06, 2025

A total of 742 residential properties have been sold over the past 12 months in 48073. With a median sales price of $430,000 in 48073 and a total of 3 foreclosures in Royal Oak, MI 48073. Discover market trends and get the granular level real estate data for Royal Oak, MI 48073 to keep your pulse on the housing market. Curate compelling home reports for Royal Oak, MI 48073 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

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Total Residential Properties 13,646

Total Commercial Properties 409

Avg. Home Age (Single Family Home) 73 Years

Avg. Square Feet (Single Family Home) 1,402

Total 2025 Residential Sales (year-to-date) 309

% of Homes Seriously Underwater (Q3 2025) 0.67%

Total 2024 Residential Sales 678

% of Equity Rich Homes (Q3 2025) 45.17%

Effective 2024 Property Tax 1.03%

Total Foreclosure Filings (year-to-date) 10

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Royal Oak, MI 48073 Real Estate Overview

There were 742 residential properties sold in the past year in Royal Oak, MI 48073. The median home value in Royal Oak, MI 48073 is $370,953. There are a total of 13,646 residential properties in the 48073.

Median Sales Price i

$430,000

(Jun 2025)

+22.9%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 $430,000
May '25 May '25 $420,000
April '25 Apr '25 $361,500
March '25 Mar '25 $350,000
February '25 Feb '25 $370,000
January '25 Jan '25 $389,000
December '24 Dec '24 $358,750
November '24 Nov '24 $363,500
October '24 Oct '24 $340,000
September '24 Sep '24 $350,000
August '24 Aug '24 $375,500
July '24 Jul '24 $355,000

Median Down Payment i

$53,544

(Jun 2025)

-28.4%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 $53,544
May '25 May '25 $74,625
April '25 Apr '25 $40,400
March '25 Mar '25 $74,000
February '25 Feb '25 $48,725
January '25 Jan '25 $62,500
December '24 Dec '24 $71,000
November '24 Nov '24 $22,427
October '24 Oct '24 $36,200
September '24 Sep '24 $63,500
August '24 Aug '24 $63,550
July '24 Jul '24 $58,600

Number of Homes Sold i

(Jun 2025)

-23.1%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 50
May '25 May '25 69
April '25 Apr '25 52
March '25 Mar '25 53
February '25 Feb '25 45
January '25 Jan '25 40
December '24 Dec '24 64
November '24 Nov '24 48
October '24 Oct '24 68
September '24 Sep '24 52
August '24 Aug '24 70
July '24 Jul '24 66

Number of Purchase Loans i

(Jun 2025)

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 46
May '25 May '25 59
April '25 Apr '25 36
March '25 Mar '25 36
February '25 Feb '25 30
January '25 Jan '25 30
December '24 Dec '24 55
November '24 Nov '24 35
October '24 Oct '24 50
September '24 Sep '24 47
August '24 Aug '24 49
July '24 Jul '24 50

Number of REFI Loans i

(Jun 2025)

+100%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 30
May '25 May '25 25
April '25 Apr '25 32
March '25 Mar '25 32
February '25 Feb '25 17
January '25 Jan '25 26
December '24 Dec '24 22
November '24 Nov '24 35
October '24 Oct '24 49
September '24 Sep '24 20
August '24 Aug '24 25
July '24 Jul '24 24

Number of HELOC Loans i

(Jun 2025)

-33.3%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 8
May '25 May '25 23
April '25 Apr '25 14
March '25 Mar '25 19
February '25 Feb '25 20
January '25 Jan '25 13
December '24 Dec '24 18
November '24 Nov '24 10
October '24 Oct '24 23
September '24 Sep '24 14
August '24 Aug '24 19
July '24 Jul '24 16

Royal Oak, MI 48073 Real Estate Market Overview

Last 30 days

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Street
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Royal Oak, MI 48073 Foreclosure Activity

There were a total of 3 Royal Oak, MI 48073 properties with a foreclosure filing in June 2025. Lenders started the foreclosure process on 3 Royal Oak, MI 48073 properties and repossessed 1 Royal Oak, MI 48073 properties through completed foreclosures (REOs) in June 2025.

Total Foreclosure Filings i

(Jun 2025)

+50%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years