Is Royal Oak a buyer's or seller's market right now?
Royal Oak is currently a seller's market with 2.4 months of inventory (MOI). There are 26 active listings and approximately 13 sales in the last 30 days, indicating low inventory favouring sellers. A MOI below 4 indicates a seller's market, 4–6 is balanced, and above 6 is a buyer's market.
What is the median home price in Royal Oak?
The current median home price in Royal Oak is $867K. This is up 7.2% compared to the same period last year. This is based on 198 sales over the past 12 months.
How should I price my home in Royal Oak?
Homes in Royal Oak are currently selling at 98.4% of their list price, with an average of 34 days on market. Homes are selling close to asking price. Pricing at fair market value is recommended for a timely sale. Of recent sales, 15% sold above list price and 74% sold below.
How long do homes take to sell in Royal Oak?
Homes in Royal Oak currently take an average of 34 days to sell, which is at a moderate pace. Pricing, condition, and location all affect individual sale timelines.
What is the price per square foot in Royal Oak?
The median price per square foot in Royal Oak is $583. This metric is useful for comparing value across different property sizes and types.
Are homes in Royal Oak selling above or below assessed value?
Homes in Royal Oak are selling at an average of 100.0% of their BC Assessment value (based on 31 recent sales). Homes are selling close to their BC Assessment values, suggesting assessments are reasonably aligned with market conditions.
How many homes are selling in Royal Oak?
In the last 30 days, 13 homes sold in Royal Oak. Over the past 12 months, 198 properties have sold. There are currently 26 active listings on the market.
Are real estate sales increasing or decreasing in Royal Oak?
Sales volume in Royal Oak has been increasing over the last 3 months: Mar 2026 (8 sales), Apr 2026 (11 sales), May 2026 (13 sales). Over the full 12-month period, there were 198 total sales.
How many homes, condos, and townhomes are for sale in Royal Oak?
There are currently 26 properties for sale in Royal Oak, including 5 single family homes, 12 condos, 9 townhomes. Listings are updated daily from the MLS® system.
What is the single family home market like in Royal Oak?
The median single family home price in Royal Oak is $1.21M (-3.0% year-over-year). The single family market is currently a seller's market with 2.1 months of inventory. Houses take an average of 37 days to sell. The median price per square foot is $596.
What is the condo market like in Royal Oak?
The median condo price in Royal Oak is $661K (-2.9% year-over-year). The condo market is currently a seller's market with 3.6 months of inventory. Condos take an average of 35 days to sell. The median price per square foot for condos is $642. There were 90 condo sales in the past 12 months.
What is the townhome market like in Royal Oak?
The median townhome price in Royal Oak is $890K (+0.2% year-over-year). The townhome market is currently a seller's market with 1.9 months of inventory. Townhomes take an average of 32 days to sell. The median price per square foot is $494. There were 63 townhome sales in the past 12 months.
What homes have recently sold in Royal Oak and for how much?
There have been 198 homes sold in Royal Oak over the past 12 months, with 13 selling in the last 30 days. The median sold price is $867K. Recent median sold prices: Mar 2026: $882K, Apr 2026: $810K, May 2026: $996K. View all recently sold properties in Royal Oak with photos, sold prices, and days on market on the 8X Real Estate Royal Oak page.
What houses have recently sold in Royal Oak?
43 houses have sold in Royal Oak over the past 12 months, with 4 selling in the last 30 days. The median sold price for houses is $1.21M (-3.0% year-over-year). Recent median prices: Mar 2026: $989K, Apr 2026: $1.10M, May 2026: $1.07M.
What condos have recently sold in Royal Oak?
90 condos have sold in Royal Oak over the past 12 months, with 2 selling in the last 30 days. The median sold price for condos is $661K (-2.9% year-over-year). Recent median prices: Mar 2026: $718K, Apr 2026: $603K, May 2026: $750K.
What townhomes have recently sold in Royal Oak?
63 townhomes have sold in Royal Oak over the past 12 months, with 7 selling in the last 30 days. The median sold price for townhomes is $890K (+0.2% year-over-year). Recent median prices: Mar 2026: $890K, Apr 2026: $871K, May 2026: $950K.
