The typical home value in
Lake Royale
is projected to be
$398,500
for the month of
March.
February’s
finalized data reported the typical value of a home in the
city
to be
$379,000—down
0.79%
over the previous 12 months.
For comparison,
county-level
data pegged home values at
$400,000
in
Franklin County
for the most recent reporting period.
That number is expected to float around
$412,500
in
March.
Lake Royale
had
18
new listings and
10
listings that went under contract in
February,
increasing
the area’s total available inventory to
45—up
21.62%
from the previous month. Inventory is projected to have further
increased
in
March.
Of those
45
active listings,
22.22%
reduced their price in the month of
February.
The median listing price for homes in
Lake Royale
fell
5.03%
from
January
to
February,
bringing the current median listing price to
$369,450.
Based on projected data for
March,
listing prices may continue to
fall.
The number of days that homes have been on the market prior to going under contract
rose
year-over-year. In
February 2026,
the median time for a listed property to go pending was
62
days, compared to
-21
days in
February 2025.
In recent months the median number of days from listed to pending appears to be increasing.
That trend is predicted to have carried through to this
March.
