How Much Does An Average Home Cost in Royal Oak?

In its latest national home listing report, released last week, Coldwell Banker ranks Royal Oak as the 25th most expensive home market in Michigan with the average price of a typical four-bedroom, two-bath home listed at $253,507.

Coldwell Banker's commmunity overview puts the median Royal Oak household income at $59,390 and says 48 percent of households have families and half the population commutes 21 minutes or more to work.

According to the report, which looked at 2,479 communities across the country, the average price of a typical four-bedroom, two-bath in the United States is $292,152. That price tag jumps to $742,551 in Hawaii, the nation’s most expensive state.

Joining Royal Oak in the Great Lake State's Top 25 priciest communities, according to Coldwell Banker, are a number of neighboring towns, such as Birmingham, Bloomfield Twp., Rochester Hills, and Berkley.

Redford, meanwhile, is the least expensive community in nation, according to Coldwell Banker, with an average listing price of $60,490 for a four-bedroom, two-bathroom home.

Source: Coldwell Banker's Michigan Home Listing Report. *Communities in Michigan were ranked from 1 to 99 in the report.