The first decision is setting a price that matches what moved recently.
If you are thinking about selling in Royal Oak, MI, the first question is usually whether you can come out strong on price without slowing the sale down. My answer is yes, but only if your number fits the homes that actually closed recently, because a typical sold price was $364,000 over the previous 30 days and recent offers landed at 98.2% of asking.
Royal Oak, MI is still giving sellers useful leverage because supply stood at 1.53 months over the previous 30 days, which keeps the market on the tighter side. At the same time, a typical sale took 28 days recently, so this is not a market where I would treat pricing discipline as optional.
That balance matters if you are trying to protect equity and avoid a second move later. A typical asking price for active homes was $399,900 recently, while newly listed homes came out at $379,900, so I would not assume every home belongs at the top end just because inventory is limited in Royal Oak, MI. My read is straightforward buyers are still engaging, but they are not ignoring price.
Start with the closed range before you choose your list price. Compare your home's condition to where active homes are sitting, not just where hopeful pricing starts. Fix the items that could make 28 days feel longer. Make your first week count with clean prep, sharp photography, and a price that can hold up under scrutiny.
