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Short Sale Listings in Red Oak, IA 51566

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Red Oak, IA Foreclosures

How much do homes sell for in Red Oak, IA?
The average home price is currently $168,369.
In Red Oak, IA, how many homes are available?
There are currently 4 active home listings available in Red Oak.
What’s the average rental cost in Red Oak, IA?
The average rental price in Red Oak is $1,083.
What is the most expensive home in Red Oak?
The most expensive home sold in Red Oak had a price of $5,767,829.
What is currently the cheapest priced home in Red Oak, IA?
The cheapest home for sale in Red Oak is priced at $12,668.

Living in Red Oak, IA

Red Oak, Iowa, is a charming small town known for its friendly community and rich history. It offers a peaceful lifestyle with easy access to outdoor recreation and local amenities. With a strong sense of community, residents enjoy various local events and activities throughout the year.

Current Market Conditions in Red Oak, IA

The Red Oak real estate market has been showing signs of consistent growth over the past year, with an increase in demand for single-family homes. This demand is partly driven by young families and retirees seeking affordable housing options with a small-town appeal. Consequently, home prices have moderately increased, attracting new buyers into the area.

Investors are also finding opportunities in Red Oak as the town continues to develop its infrastructure and community programs, making it a more attractive place to live. The average number of days homes remain on the market has declined, indicating a shift toward a more competitive market.

Home Value Estimator For Red Oak, IA

There are currently 2,844 real estate properties in Red Oak, IA, with a median automated valuation model (AVM) price of $136,574.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Red Oak, IA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Red Oak, IA, is $168,369.00, with the most expensive house in Red Oak, IA, topping out at $5,767,829.00 and the cheapest home in Red Oak, IA, clocking in at $12,668.00. In other words, there’s something for every potential homebuyer or savvy investor in Red Oak, IA!

Rent Prices In Red Oak, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Red Oak, IA, is on a rollercoaster ride. The average rent price in Red Oak, IA, is $1,083.00. Indeed, when looking to rent in Red Oak, IA, you can expect to pay as little as $570.00 or as much as $2,200.00, with the average rent median estimated to be $1,070.00. The good news is that finding an affordable and desirable property to rent in Red Oak, IA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Red Oak, IA 51566 Short Sale Listings


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