Homestead Farms
Closed-sale statistics for Homestead Farms, with the property-tax reality attached — computed 2025-09-01 to 2026-09-01, not scraped from listings.
- Median sale price
- $371,000
- Median days on market
- 19
- List-to-sale ratio
- 100.0%
9 closed sales, 2025-09-01 to 2026-09-01
What taxes actually become here
Michigan taxable value uncaps the year after you buy (MCL 211.27a). At this subdivision's median price of $371,000, in Royal Oak City School District at 37.96 homestead mills, the year-two bill is approximately $7,042 — regardless of what the seller currently pays. The listing will almost certainly show less. Run your own number.
How Homestead Farms compares in Royal Oak
Of the 62 Royal Oak subdivisions and condo projects we publish statistics for, Homestead Farms's $371,000 median ranks 33 of 62 — 1% below the tracked-Royal Oak median of $375,000.
| Project | Median sale | Sales | Year-2 tax |
|---|---|---|---|
| Red Run Golf | $382,500 | 24 | $7,260 |
| Prairie Lawn Acres 1 | $380,500 | 6 | $7,222 |
| Southlawn Park | $377,500 | 10 | $7,165 |
| Red Run Heightsno 1 | $372,500 | 10 | $7,070 |
| Homestead Farms | $371,000 | 9 | $7,042 |
| Harry Slatkins City Park Royal Oak | $365,500 | 9 | $6,937 |
| Clifford Heights | $362,500 | 6 | $6,880 |
| Hillcrest Manor | $360,000 | 13 | $6,833 |
| Royal Oak Manor | $355,000 | 11 | $6,738 |
Year-2 tax is the estimated post-uncapping homestead bill at each project's median price. Ranked by median closed price, 2025-09-01 to 2026-09-01.
For sale in Homestead Farms right now
Listing courtesy of The Burton Maxwell AgencyIDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-09-22T08:54-04:00; refreshed at least twice daily.
This is the median. Your number depends on the address.
Median statistics cannot price a specific house. For one address we can compute the year-two tax bill, the escrow impact, eligibility for down-payment programs, and — if you own here — what a sale would actually net after transfer tax and payoff.
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Common questions
What is the median home price in Homestead Farms?
The median closed sale price in Homestead Farms (Royal Oak) is $371,000, from 9 sales 2025-09-01 to 2026-09-01.
What will property taxes be after buying in Homestead Farms?
At the median price, taxable value uncaps to roughly $185,500 and the year-two bill in Royal Oak City School District is approximately $7,042 at homestead rates.
How does Homestead Farms compare with other Royal Oak subdivisions?
Its $371,000 median ranks 33 of 62 Royal Oak projects we track — 1% below the tracked-city median of $375,000.
More context: Royal Oak property tax rates · school district breakdowns · all calculators