Market Analysis for Royal Oak Michigan February 2011
February 2011 median sale prices increased 04% from January 2011 & # of homes sold decreased 16%. Private owned median price decreased 04% in February 2011 from January 2011. Bank owned homes median price increased 37% in February 2011 from January 2011. February 2011 median sale price increased 07% from February 10 & # homes sold decreased 34% in February 2011. Year ending February 2011 median sale price compared to year ending February 2010 increased 03% and homes sold increased 02% year ending February 2011 compared to year ending February 2010.
Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable
Active & Sold February 2011
416 listings: | 42 Sold listings: | ||
Average List Price | $139,950 | Average Sold Price | $117,956 |
Median List Price | $129,700 | Median Sold Price | $108,000 |
Highest List Price | $599,000 | Highest Sold Price | $346,950 |
Lowest List Price | $26,000 | Lowest Sold Price | $ 35,000 |
Avg. Days On Market | 138 | Avg. Days On Market | 106 |
Private Owned | 357 listings | Private Owned | 29 Sold |
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 January 2011
426 listings: | 50 Sold listings: | ||
Median List Price | $127,188 | Median Sold Price | $103,550 |
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 February 2010
442 listings: | 64 Sold listings: | ||
Median List Price | $128,949 | Median Sold Price | $ 99,950 |
March 1, 2009 – February 28, 2010
1242 listings: | 864 Sold listings: | ||
Median List Price | $123,437 | Median Sold Price | $114,950 |
March 1, 2010 – February 28, 2011
1159 listings: | 781 Sold listings: | ||
Median List Price | $125,000 | Median Sold Price | $117,000 |
Monthly market analysis February 2011 for Royal Oak Michigan compares only median sold price of residential homes sold in February 2011 with January 2011 & February 2010; year ending February 2010 with yr ending February 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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