Market Analysis for Royal Oak Michigan March 2011
March 2011 median sale price increased 3% from February 2011 & # of homes sold increased 30%. Private owned median price increased 07% in March 2011 from February 2011. Bank owned homes median price decreased 09% in March 2011 from February 2011. March 2011 median sale price stayed the same compared to March 2010 & # homes sold decreased 10% in March 2011. Year ending March 2011 median sale price compared to year ending March 2010 increased 02% and homes sold decreased 12% year ending March 2011 compared to year ending March 2010.
Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable
Active & Sold March 2011
| 418 listings: | 60 Sold listings: | ||
| Average List Price | $141,772 | Average Sold Price | $119,670 |
| Median List Price | $129,900 | Median Sold Price | $111,500 |
| Highest List Price | $669,000 | Highest Sold Price | $308,000 |
| Lowest List Price | $12,500 | Lowest Sold Price | $ 27,000 |
| Avg. Days On Market | 131 | Avg. Days On Market | 92 |
| Private Owned | 363 listings | Private Owned | 42 Sold |
| Median List Price | $138,900 | Median Sold Price | $140,000 |
| Bank Owned | 55 listings | Bank Owned | 18 Sold |
| Median List Price | $72,500 | Median Sold Price | $61,250 |
Active & Sold February 2011
| 416 listings: | 42 Sold listings: | ||
| Median List Price | $129,700 | Median Sold Price | $108,000 |
| Private Owned | 357 listings | Private Owned | 29 |
| Median List Price | $139,000 | Median Sold Price | $130,000 |
| Bank Owned | 59 listings | Bank Owned | 13 Sold |
| Median List Price | $76,000 | Median Sold Price | $67,000 |
Active & Sold March 2010
| 425 listings: | 67 Sold listings: | ||
| Median List Price | $129,900 | Median Sold Price | $ 111,500 |
April 1, 2009 – March 31, 2010
| 1233 listings: | 875 Sold listings: | ||
| Median List Price | $124,900 | Median Sold Price | $115,000 |
April 1, 2010 – March 31, 2011
| 1132 listings: | 774 Sold listings: | ||
| Median List Price | $125,000 | Median Sold Price | $117,000 |
Monthly market analysis March 2011 for Royal Oak Michigan compares only median sold price of residential homes sold in March 2011 with February 2011 & March 2010; year ending March 2010 with yr ending March 2011. It shows all homes sold then private owned vs. Bank Owned/HUD to determine the # of homes sold for the month and increase/decrease in median sold price. To exclude leases in data, minimum sale price used was $5,000.
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