Navigating the Royal Oak Real Estate market in 2025 demands a blend of timely data, local expertise, and a proactive approach. Whether you’re buying your first home, selling after years, or investing, working alongside an experienced professional like Realtor Tom Gilliam-RE/MAX Classic will place you at an advantage. This guide gives you a 360-degree view of the local market and actionable strategies not found elsewhere.
2025–26: The State of the Royal Oak Real Estate Market
- Royal Oak remains a seller’s market as of mid-2025.
- The median sold price reached $361,000 in June 2025, representing a 3% annual increase.
- Homes sell quickly, with most going pending within 15 days.
- Nearly half (49%) of properties sell above their asking price.
- Inventory grew by 22.7% in June 2025 alone.
- Despite increased inventory, demand still outpaces supply, creating competition among buyers.
- Sellers benefit from rising home values and relatively quick closings.
- Buyers need to be well-prepared and decisive to succeed in this market.
These points provide a clear snapshot of the Royal Oak Real Estate market in 2025 based on the latest available data.
Royal Oak vs. Neighboring Markets, Summer 2025
| Market | Median Price | YoY Price Change | Median Days on Market | % Homes > Asking Price | Market Type |
|---|---|---|---|---|---|
| Royal Oak | $361,000 | +3.0% | 15 | 49% | Seller’s Market |
| Huntington Woods | $572,500 | +21.8% | 15 | 49% | Seller’s Market |
| Clawson | $296,000 | +2.1% | 15 | 49% | Seller’s Market |
| Berkley | $324,600 | +1.4% | 15 | 49% | Seller’s Market |
Homebuyers: Winning in a Fast-Paced Royal Oak Real Estate Market
In a market where properties go quickly and often above asking, buyers need an edge. Here’s how to get it in Royal Oak:
- Get Pre-Approved, Not Just Pre-Qualified: Sellers prioritize buyers ready to move fast. Pre-approval signals financial seriousness.
- Use Local Market Knowledge: Work with a Realtor who knows every block in Royal Oak—like Tom Gilliam—to spot new listings instantly and assess true value.
- Be Prepared to Move Fast: Most homes sell in less than 15 days. Attend open houses early, set alerts, and be ready to make an offer on short notice.
- Consider All Costs: Factor in not just purchase price, but Royal Oak’s property taxes, insurance, and any HOA fees.
- Strategic Offer Structuring: In a competitive scenario, offers above asking price are often necessary. Work with your agent to use escalation clauses and minimize contingencies.
- Neighborhood & School Research: Royal Oak features diverse neighborhoods. Decide on your must-haves before starting so you can act decisively.
Realtor Tip
“Local knowledge and readiness are everything. I help my clients get ahead by having offer packages ready and a strong lender relationship in place, so you can jump on opportunities the moment they appear.” — Tom Gilliam, RE/MAX Classic
Sellers: Maximizing Your Success in the 2025–26 Royal Oak Real Estate Market
With homes selling lightning-fast and above asking, sellers can benefit—if they are well-prepared:
- Prep Your Home Thoroughly: Clean, stage, and highlight features that make your property unique to Royal Oak buyers. Small improvements (fresh paint, landscaping) can yield major returns.
- Set a Smart Price: Leverage up-to-date comparable sales and current trends to avoid underpricing or scaring off buyers.
- Market Aggressively: Professional photos, virtual tours, and targeted online marketing are musts—especially for attracting tech-savvy buyers relocating to Royal Oak.
- Respond Promptly: With many homes selling in under two weeks, missed calls or slow responses can mean lost opportunities.
- Be Ready for Bidding Wars: Nearly half of homes sell above asking—structure your listing to invite multiple offers and lean on your agent for negotiation.
- Navigate Inspection & Appraisal: A seasoned local agent can help you anticipate and address buyer concerns before they become deal-breakers.
2025–26 Unique Local Trends:
- Affordability Initiatives: Royal Oak is introducing funding and city partnerships to address affordable housing gaps, providing new opportunities for buyers, particularly first-time homebuyers and downsizers.
- Developer Investments: The city is investing in new housing stock, diversifying available options by size, type, and price.
- Community Engagement: Royal Oak’s city plan places strong emphasis on welcoming and livable neighborhoods, with sustainability and climate initiatives shaping everything from landscaping incentives to home energy standards.
- Hyperlocal Strategies: Unlike generic advice, Tom Gilliam advises sellers to harness Royal Oak’s active social media groups and community events for powerful word-of-mouth marketing.
Related Read: 10 Home-Selling Superstitions That Should Seal the Deal
Practical Recommendations for 2025–26
| Action Step | Buyer Benefit | Seller Benefit |
|---|---|---|
| Work with a local expert | Early alerts, smart bids, true home value | Accurate pricing, rapid offers, max exposure |
| Secure pre-approval | More accepted offers, bargaining power | Attracts serious, ready buyers |
| Move quickly on listings | Less competition, chance to negotiate | Faster sales, bidding wars |
| Factor in all costs | No surprises at closing, long-term savings | Informed buyers, smoother transactions |
| Leverage city programs | Potential first-time buyer support | Tap into grant-eligible buyer pools |
Why Work with Realtor Tom Gilliam-RE/MAX Classic?
- Local Mastery: Tom’s decades of Royal Oak Real Estate experience mean access to exclusive listings and negotiating insight you won’t find anywhere else.
- Personalized Service: From pre-listing to closing, every buyer and seller gets a tailored strategy.
- Results-Driven: Tom uses data, marketing, and community connections to help you exceed your real estate goals in 2025–26.
Ready to make your move?
Royal Oak Real Estate in 2025–26 is dynamic but navigable with the right agent on your side. Start your journey with Realtor Tom Gilliam-RE/MAX Classic and make the most of your buying or selling experience.
For more local insights, news, and custom Royal Oak Real Estate strategies, contact Tom Gilliam today at 248-790-5594.
Frequently Asked Questions:
1. What is the current state of the Royal Oak Real Estate market in 2025–26?
Royal Oak continues to be a seller’s market in 2025. The median home price was $361,000 in June 2025, an increase of about 3% compared to the previous year. Homes are selling quickly, often with multiple offers, and nearly half of properties sell above their asking price. Inventory has increased recently, but demand still exceeds supply, maintaining competitive conditions for buyers.
2. How fast are homes selling in Royal Oak, and do they often sell above asking price?
Homes in Royal Oak typically go pending within about 15 days. Approximately 49% of homes sell above their asking price. In highly competitive situations, some homes have sold for around 5% above asking within just 7 days on the market.
3. Is Royal Oak considered a buyer’s or seller’s market right now?
Royal Oak is currently a strong seller’s market. Prices are rising moderately, and the market favors those listing homes due to high demand and relatively low inventory. Buyers need to be ready to act quickly and offer strong bids to succeed.
4. What are the median home prices and trends in Royal Oak compared to nearby areas?
Royal Oak’s median home price in mid-2025 is approximately $361,000, showing a 3% annual rise. Neighboring areas like Huntington Woods have higher median prices (around $572,500) with more significant price growth, while Clawson and Berkley have somewhat lower median prices with smaller price increases. All these markets remain competitive seller’s markets.
5. How can I prepare to buy or sell a home successfully in such a competitive Royal Oak Real Estate market?
Buyers should get pre-approved for a mortgage, work with a knowledgeable local Realtor (such as Tom Gilliam-RE/MAX Classic), and be prepared to make quick decisions with strong offers. Sellers benefit from thorough home preparation, professional marketing, and pricing based on current market data. Both parties should understand local trends and have a clear strategy to navigate the quick-paced market successfully.