Comprehensive market data and analysis• Updated Oct 2026
30.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 2 | 5 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 2 | 5 |
Acreage buckets
The median price for land in Royal Oak, Michigan is currently $1.8M per acre. For a typical parcel, the median sale price is $255K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $216K while premium lots reached $335K.
Royal Oak, Michigan is currently a strong buyer's market with 30.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Royal Oak, Michigan currently has 30.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The 3-month absorption rate in Royal Oak, Michigan is 3.3%. The 12-month rate is 4.2%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Royal Oak, Michigan saw 5 properties sold, totaling $1.3M in sales volume. In just the last 3 months, 1 properties changed hands.
The median land price in Royal Oak, Michigan stands at $255K. This translates to roughly $1.8M per acre for the typical parcel size. The average price is $267K, indicating some higher-priced properties pulling up the average.
There are currently 10 active listings in Royal Oak, Michigan. 4 new listings have hit the market in the last 90 days. The median asking price is $338K.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Royal Oak on LandyDandy.
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