Last updated · May 21, 2026 · by Tommy Lower, NMLS #31194 & Kevin DeVergilio, REALTEAM
If you live in Royal Oak, the local housing market over the last twelve months looked like this: 1,007 homes closed, 160 are on the market right now, 103 are pending, and the median home sold for $365,625 in 13 median days at 98.3% of asking. This isn't an algorithm guessing. It's the actual MLS data for the city of Royal Oak (ZIPs 48067 and 48073).
If you've been reading national headlines about "the slowdown," that's not what's happening here. Royal Oak homes are still selling fast, sellers are still getting essentially their full asking price, and 34% of recent closings went above asking. The story for buyers, sellers, and homeowners is different from what generic market chatter would suggest. Below is the data, broken down by ZIP, price tier, and what it means for you specifically in Royal Oak.
The agent behind this page
Kevin DeVergilio
Company Store Leader, REALTEAM Real Estate
Kevin spent twelve seasons playing professional hockey in the AHL and overseas (including Italy's Serie A), after earning his economics degree at St. Lawrence University. The same competitive discipline that won games on the ice is what he brings to every negotiation today.
Born and raised in Sterling Heights, Kevin now leads REALTEAM's Oak Park office. He has closed 276 homes for over $98 million in volume across Oakland and Macomb Counties. He lives in the Red Run corridor on the north side of Royal Oak and has worked deals on streets across both 48067 and 48073, the kind of hyper-local knowledge that knows what individual blocks are doing, not just ZIP-level medians.
"Wins small or big, with an end goal of success and to win the beneficial outcome for my clients.", Kevin DeVergilio
At 13 days on market and 34% of homes selling over ask, pricing and timing decide who wins. Talk to Kevin first.
Direct: kevin@mirealteam.com · (248) 396-4246
Kevin on what drives his business. From the REALTEAM Real Estate channel.
The 12-month numbers, by ZIP
Royal Oak covers two residential ZIP codes (48068 is PO Box only). The two ZIPs split the city north-south with very similar pricing but different housing-stock personalities. Here is the side-by-side breakdown.
Royal Oak's two ZIPs are unusually close in median price. 48067 (south, walking distance to downtown commercial) edges out 48073 (north, larger lots and the Red Run corridor) by less than $6,000. Days on market is identical between them at a tight 13-day median. The choice between south and north Royal Oak is about housing stock character, not value.
The two ZIPs side by side. Tiles colored by median sold price; close enough that the gradient is subtle on purpose.
Median sold price by ZIP, 12 months ending May 20, 2026. Source: Realcomp MLS.
The three tiers of the Royal Oak market
Cut the 1,007 closed sales by price and Royal Oak splits cleanly into three distinct markets:
Under $300K
$300K–$700K
$700K and above
The middle tier is the workhorse: 65% of all transactions, $387K median, 3-4 bedroom homes mostly built between 1925 and 1960. That is the Royal Oak sweet spot, the classic walkable bungalows and brick colonials. The entry tier covers older condos, smaller bungalows, and starter homes. The luxury tier (104 sales) concentrates in north Royal Oak between 13 Mile and the Birmingham border, plus pockets of new construction in 48067.
What this means for you right now
If you're a buyer
13-day median DOM means you're competing fast. Get pre-approved before you walk through a house. Listing agents take pre-approved offers more seriously, and well-priced Royal Oak homes go pending in under two weeks. 160 active homes is healthy inventory for May; 103 already pending means there's real velocity. Talk to Tommy now, not after you find the house.
If you're a seller
List-to-sale ratio is 98.3% and 34% of homes sold above asking. Properly-priced Royal Oak homes are selling at essentially full ask or better. The market rewards realistic pricing combined with quality photos and a clean listing. It punishes overpricing with 60+ days on market. Kevin can walk you through what your specific street is doing.
If you already own here
Royal Oak homes have appreciated meaningfully over the last five years. If you bought before 2022, you likely have $100K+ in unrealized equity. That's worth knowing for HELOC, cash-out refinance, or simply tracking your net worth. Free monthly value tracking is below, no obligation.
Around Royal Oak
What you're buying into when you buy a home in Royal Oak.
Photos by Jason Humbracht.
The homes that sold fastest and over ask in Royal Oak
These are real, verified closings, not estimates. Eight Royal Oak properties from the last 90 days where buyers competed hard. Addresses anonymized; data is from MLS.
All eight sold above asking. The biggest overage was $91,100 on a 1928-built four-bedroom in north Royal Oak that went under contract in three days. This is what a 98.3% market-wide ratio looks like at the level of individual deals: tight pricing, fast offers, and consistent over-ask premiums in the $45K to $90K range.
Where this data comes from
Every number on this page came from the Multiple Listing Service feed for Royal Oak. Source: Realcomp MLS via REDX, pulled the morning of May 21, 2026. We filtered to the two ZIP codes that contain housing (48067 and 48073) and the last 12 months of closed, active, and pending activity. We excluded lease and rental listings to keep the numbers focused on owner-occupied and investment sales. No algorithms. No machine estimates. Each closed sale represents a real buyer, a real seller, a real check at the closing table.
The data refreshes monthly. The "Last updated" stamp at the top of this page is the date the comp set was pulled. If a comp seems off, that's because the MLS occasionally has lag, but every transaction shown actually happened.
The two anchor high schools serving Royal Oak families
School data from royaloakschools.org and shrineschools.com. Refreshed quarterly.
Inside Royal Oak Schools
Why families relocate here. The numbers behind the public district and the private alternative.
Public district anchor
Royal Oak High School
1500 Lexington Boulevard, Royal Oak 48073
The comprehensive public high school for Royal Oak Schools. The district tagline is "A Community of Excellence." Royal Oak High School was formed in 2006 from the merger of George A. Dondero High and Clarence M. Kimball High, consolidating onto the former Kimball site.
Also serving Royal Oak families
Shrine Catholic High School
3500 W Thirteen Mile Road, Royal Oak 48073 · Private, K-12
The major private K-12 alternative in the area, frequently selected by families in the Red Run member network and the north-Royal-Oak corridor. Co-educational, part of the Archdiocese of Detroit. Shrine is not part of Royal Oak Schools district but draws heavily from Royal Oak residents.
What Royal Oak families lean into
Walkability is the headline. Royal Oak families consistently cite the downtown corridor (Main Street, Fourth Street, Eleven Mile) and the Royal Oak Farmers Market as core to daily life. The Royal Oak Public Library, Detroit Zoo at the southern border, and the Red Run Golf Club in the north all anchor a city that punches well above its size for amenities. The school choice landscape gives families two strong paths: the public district at ROHS, or the private route via Shrine.
Source: Royal Oak Schools (royaloakschools.org) and Shrine Schools (shrineschools.com). Refreshed quarterly.
Frequently asked questions
What is the median home price in Royal Oak right now?
$365,625 over the last 12 months, based on 1,007 closed transactions. The middle 50% of sales fell between $299,900 and $470,000. Active listings carry a $395,000 median ask; pending sales sit at $369,900.
How fast are homes selling in Royal Oak?
13 days on market at the median. The list-to-sale ratio is 98.3%, meaning sellers are getting essentially full asking price. Roughly 34% of closings sold over ask, with the biggest overage in the recent set being $91,100.
What is the difference between ZIP 48067 and 48073?
48067 covers south Royal Oak, including the downtown commercial core and the area closest to the Birmingham south border. It saw 461 sales at a $369,900 median. 48073 covers north Royal Oak, including the Red Run corridor and the Birmingham north border. It saw 546 sales at a $363,750 median. Prices are within $6K of each other; the personality difference is housing-stock character, not value.
How many homes are for sale in Royal Oak right now?
160 active listings as of May 21, 2026, plus 103 pending sales. That is 263 properties currently in motion. Active inventory ranges from $72,500 at the entry end up to $1.625 million at the top.
Is now a good time to buy in Royal Oak?
The market favors sellers but not as extremely as 2021-2022. Buyers can win, but you need a fully processed pre-approval, a tight offer, and a willingness to move fast. A 13-day median DOM means you have days, not weeks, to decide. The flip side: inventory is healthy at 160 active homes, so you are not facing zero choices.
What ZIP codes are in Royal Oak?
Royal Oak has two residential ZIPs: 48067 (south Royal Oak, downtown commercial core) and 48073 (north Royal Oak, north of 13 Mile, Red Run corridor). The 48068 ZIP exists as a PO Box only and contains no housing units.
How has Royal Oak appreciated since I bought in 2018?
It depends on your specific street and home, but most Royal Oak homeowners who bought between 2017 and 2020 are sitting on $100,000-$200,000 in unrealized equity. The neighborhood-specific math is in the free HomeBot tracker above. It pulls real comps for your address.
Should I refinance my Royal Oak home in 2026?
If you locked your rate at 5.5% or higher between 2018 and early 2020, the math may still work, especially for a cash-out refinance given how much Royal Oak has appreciated. If you locked at 3-4% during the 2020-2021 refi boom, a rate-and-term refi probably does not pencil today, but a HELOC or cash-out for a specific goal might. Happy to run the numbers.
"Tom is not only my business partner, but he is one of my best friends and the best mind in the mortgage and real estate game.", Kevin DeVergilio
Buying in Royal Oak?
At a 13-day median DOM in Royal Oak, you don't have time to figure out financing after you find the house. Pre-approval takes 5 minutes online. Real terms, local to the market you're shopping. Or call Tommy direct at (586) 315-4507.
Start your pre-approval