Red Oak, IA Home Values & Market Trends
Real estate market trends reflect that there have been 81 transactions over the past year in Red Oak. The median value for residential home transactions that occurred over the previous year is $144,998. The number of current listings in Red Oak is 89, and the percentage of properties for sale in the city is 89.00%. Red Oak, IA currently has 8 properties in foreclosure, 0 bank owned properties, 2 properties headed for auction, and 89 properties for sale.
Red Oak, IA Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 51566 | $ 144,998 $ 100/sqft |
Housing Market Summary for Red Oak, IA
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $189.9K | $189.9K | - |
| Median Sold Price | $111.4K | $128.6K | 15.42% |
| Homes For Sale | 81 | 86 | 6.17% |
| Homes Sold | 15 | 32 | 113.33% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Red Oak, IA
Browse Homes in Red Oak, IA
Red Oak home values range from $19,983 to $595,000. The median estimated value of a home in Red Oak is $144,998. The median list price of a home is 189,900, and the total count of properties in the city is 135.
- Pre-ForeclosurePre-foreclosure homes account for 4.44% of all residential properties in Red Oak, IA with 51566 containing 6 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Red Oak, IA; of that zips, the estimated home value for pre-foreclosure homes ranges from $219,158 in 51566 to the lowest home value of $84,155 in 51566.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Red Oak, IA ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Red Oak, IA. There is 1 zips within Red Oak, IA; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions51566 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Red Oak, IA. Auction homes and other auction properties account for 1.48% of all properties in Red Oak, IA. There is 1 zips within Red Oak, IA; of that zips, the median estimated home value for homes going to auction ranges from $160,624 in 51566 to the lowest value of $94,028 in 51566.
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Guide for Red Oak, IA
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.