Market Analysis for Royal Oak Michigan January 2011
January 2011 median sale prices decreased 09% from December 2010 & # of homes sold increased 04%. Private owned median price increased 04% in January 2011 from December 2010. Bank owned homes median price decreased 38% in January 2011 from December 2010. January 2011 median sale price decreased 06% from January 2010 & # homes sold increased 08% in January 2011. Year ending January 2011 median sale price compared to year ending January 2010 increased 02% and homes sold decreased 04% year ending January 2011 compared to year ending January 2010.
Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable
Active & Sold January 2011
426 listings: | 50 Sold listings: | ||
Average List Price | $139,055 | Average Sold Price | $121,056 |
Median List Price | $127,188 | Median Sold Price | $103,550 |
Highest List Price | $599,000 | Highest Sold Price | $319,900 |
Lowest List Price | $32,000 | Lowest Sold Price | $ 31,500 |
Avg. Days On Market | 141 | Avg. Days On Market | 85 |
Private Owned | 363 listings | Private Owned | 32 Sold |
Median List Price | $136,900 | Median Sold Price | $135,250 |
Bank Owned | 62 listings | Bank Owned | 17 Sold |
Median List Price | $82,225 | Median Sold Price | $42,000 |
Active & Sold December 2010
414 listings: | 48 Sold listings: | ||
Median List Price | $129,509 | Median Sold Price | $113,407 |
Private Owned | 358 listings | Private Owned | 35 Sold |
Median List Price | $136,000 | Median Sold Price | $130,000 |
Bank Owned | 56 listings | Bank Owned | 13 Sold |
Median List Price | $89,900 | Median Sold Price | $68,000 |
Active & Sold January 2010
422 listings: | 46 Sold listings: | ||
Median List Price | $128,993 | Median Sold Price | $110,000 |
February 1, 2009 – January 31, 2010
1208 listings: | 833 Sold listings: | ||
Median List Price | $124,700 | Median Sold Price | $115,000 |
February 1, 2010 – January 31, 2011
1175 listings: | 800 Sold listings: | ||
Median List Price | $124,900 | Median Sold Price | $117,000 |
Monthly market analysis January 2011 for Royal Oak Michigan compares only median sold price of residential homes sold in January 2011 with December 2010 & January 2010; year ending January 2010 with yr ending January 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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