Is Red Oak, VA 23964 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Red Oak is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Red Oak housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Charlotte County, VA

Population	903
Median income	$45,833
Average income	$66,989
Median home value	$114,700
Median rent	$779/month
Owner-occupied	79% of homes
Median year built	1978

Natural hazard riskHurricanes (moderate), winter storms (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 23964; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 23964

Prefilled for 23964Can I win this house?Multiple-offer likelihood for a listing Prefilled for 23964Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Charlotte Court House 23923Seller’s market $100 /sq ft Drakes Branch 23937Seller’s market $177 /sq ft Phenix 23959Buyer’s market $480 /sq ft Randolph 23962Buyer’s market $107 /sq ft Browse all markets →

Where Red Oak is

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Questions about Red Oak real estate

What are property taxes in Red Oak?

About 0.52% of a home’s value a year in Charlotte County, or roughly $2,080 on a $400,000 home.

Local agents

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More tools for 23964

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Charlotte County property taxes Charlotte County loan limits Closing costs in Virginia Hottest ZIP codes in Virginia

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology