Royal Oak, MI 48067 Real Estate Market Report
ZIP Code: 48067
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.
Key Findings
-
The primary market value indicator, the $325,000 median sold price, signals realized transaction prices and should drive pricing strategy for both single-family and condominium listings in Royal Oak; consider positioning offers and pricing expectations around this representative recent sale level.
-
There is a significant gap between the $389,900 median listing price and the median sold price, which may indicate pricing friction and seller optimism; sellers should consider aligning asks closer to the realized market level to accelerate transactions and buyers can use this spread to negotiate.
-
The 261 median days on market suggests slower sales velocity than a rapid-turn market and may require longer marketing timelines or staged pricing adjustments; adjust holding-cost assumptions and contingency timing accordingly to match this pace.
-
Market context shows a hot market temperature with prices up year-over-year and rents up, while interest rate pressure is moderate; prioritize listings that highlight scarcity of competitively priced inventory and strong rent comps to attract investors and owner-occupiers under these conditions.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold at market average
Sold below market average
Royal Oak, MI 48067 Real Estate Market Report
ZIP Code: 48067
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.
Key Findings
-
The neighborhood’s primary market value signal is the median sold price of 365,000, which reflects recent transaction activity in a hot market with prices trending up.
-
There is a persistent gap between the median listing price (412,000) and the median sold price (365,000), which may indicate seller expectations are above recent transaction levels and could create pricing friction during negotiations.
-
The median days on market of 309 points to notably slower sales velocity compared with typical fast-turn markets and suggests transactions may require extended marketing or price adjustments—this is a potential softening in liquidity despite the market temperature.
-
Supply appears relatively constrained in the analyzed sample even as inventory trends show increases; combined with a median price per square foot of 278 and a median market rent of 2,700 (rent trends are up), this suggests sustained buyer competition for well-priced SFR and condo listings, while moderate interest rate pressure (moderate) may temper some buyer urgency.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold below market average
Sold at market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold above market average
Sold above market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.5% rate, 1.5% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
Get personalized market intelligence
Unlock deeper property intel in Royal Oak, MI valuations, rent comps, operating costs, and pro-forma breakdowns.