Choosing your asking price starts with homes that genuinely resemble yours, not a number that simply sounds appealing. Let's separate useful local context from the details that make your own listing different.
The latest market report covers Royal Oak single-family homes, condos, townhouses and apartments. The typical sale price was $375,000, describing completed sales rather than a recommended price for your home. The typical asking price among homes listed for sale was $374,949. Homes sold for an average of 99.1% of their asking prices, which does not establish an individual listing's outcome.
Asking prices and sale prices describe different groups, so their relationship cannot tell you what discount to expect. I would give recent sales of similar homes more weight than a townwide figure when discussing your starting price. An ambitious asking price deserves a clear explanation based on your home's condition, size and features.
Gather a list of improvements and their condition so we can distinguish useful features from expenses buyers might question. Review recent sales of similar homes with me, then consider competing listings separately. Choose your starting price and decide what feedback would justify another review before the listing begins.
