Red Oak Real Estate Market Extends Downward Trend in Home Prices

In this week's report, the number of homes sold in the Red Oak market fell to 30 over the past 30 days, a decrease of 11.8% from last week's report, but still above the monthly average. On the other hand, close-by Dallas registered 917 homes sold in the same time frame, the most of all surrounding cities. The median sales price dropped to $186,450, extending a four-week long spiral. With only one month of inventory to sell, Red Oak is still a definite seller's market, even after taking into consideration the falling prices.

If you have a tight budget for your next home, begin the search with these low-cost listings in Red Oak:

$139K   $149K   $150K  

Get started right now by checking out Red Oak homes for sale or reviewing Red Oak real estate trends.

Demographic facts about Red Oak:

  • This area has an average elevation of 632 feet.
  • The area's median income per household is $57,897.
  • For every counselor there are 342 students in this area. (513 = national average)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Keller Williams
4 reviews
404-784-5759
Snapped 2 homes in this area
Abbie Castle
Snapped 4 homes in this area

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