Royal Oak experienced a slowdown in sales volume in Q1 2025, though home prices showed resilience, and inventory levels rose:
Sales: 32 homes sold (-22% YoY), below the 10-year Q1 average of 43.
New Listings: 64 (+10.34% YoY)
Sales-to-New-Listings Ratio (SNL): 50% – a balanced market with growing inventory.
Average Days on Market: 32 days (+178.5% YoY)
Average Inventory: 25 homes (+72.1% YoY)
Months of Supply: 2.31 – significantly higher, indicating shifting power toward buyers
Benchmark Price (All Residential): $630,100 (+1.12% YoY)
🏠 Market Trends
🏡 Detached Homes
Sales: 10 units (-56.5% YoY)
Benchmark Price: $833,000 (+5.6% YoY)
Average Price: $772,830 (-4.3% YoY)
Median Price: $777,000
Detached homes dominate Royal Oak’s housing stock and saw strong year-over-year price growth. However, the volume of sales was down significantly, with more high-end listings entering the market, leading to longer DOM and higher inventory.
🏘 Row Homes
Benchmark Price: $478,600 (+6.03% YoY)
Average Price: $522,100 (+14.97% YoY)
Median Price: $487,250 (+7.29% YoY)
Row homes were a standout segment in Q1 2025. With sharp price increases and solid turnover, this type is increasingly popular among young families and move-down buyers.
🏢 Apartments
Benchmark Price: $322,033 (-4.23% YoY)
Average Price: $300,182 (-5.39% YoY)
Median Price: $310,000 (-10.14% YoY)
Apartment prices softened, reflecting higher supply and cooling demand in the entry-level buyer segment. However, they remain attractive due to affordability.
🏚 Semi-Detached Homes
Benchmark Price: $540,000 (+12.5% YoY)
Few sales recorded, but price metrics indicate growing interest. Semi-detached homes provide a middle ground between detached and row offerings, often appealing to downsizers.
📉 Price Range Activity
The majority of home sales fell between $500K–$799K.
High SNL ratios were found in the $500K–$599K and $600K–$699K brackets, showing strongest buyer activity.
Detached homes were prevalent in the $700K+ range, while apartments and row homes clustered below $500K.
🏫 Royal Oak Community Highlights
👩🏫 School & Education News
Royal Oak School (K–3) introduced a digital storytelling program, encouraging students to blend creativity with tech tools – a project that’s drawn praise and interest from local families.
William D. Pratt School (grades 4–9) expanded its science lab facilities with support from a community fundraiser, reinforcing Royal Oak’s appeal to education-focused families.
🌿 Community Engagement
The Royal Oak Community Association organized its popular "Skate the Pond" winter festival in January, featuring outdoor skating, music, and food trucks.
Ongoing planning is underway for trail upgrades in Royal Birch Park and expanded recycling bins in residential zones – initiatives that align with Royal Oak’s commitment to family living and sustainability.
🔑 Key Takeaways
Royal Oak is transitioning toward a more balanced market, with rising inventory and slightly slower sales, especially in the detached segment.
Row homes are surging in price and popularity, likely due to affordability constraints in detached properties.
Apartments are adjusting with price softening but continue to provide accessible housing for new buyers.
Strong school initiatives and community-driven events uphold Royal Oak’s status as a desirable, family-centric neighborhood.