Is Red Oak, OK 74563 a buyer’s or seller’s market?
Red Oak is a buyer’s market. With about 8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Red Oak housing market right now
In the three months ending August 31, 2026, 0% of homes in Red Oak, OK 74563 sold above their list price, the typical home went under contract in 188 days and there were 8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (98 days then) and the median sale price fell 7% to $178,673. Overall, Red Oak is less competitive than a year ago, which gives buyers more room.
Nearby, Wilburton 74578 (11% sold over asking) is even more competitive.
Run the numbers for 74563
Nearby markets
Talihina 74571Buyer’s market $142 /sq ftWilburton 74578Balanced $89 /sq ft Browse all markets →Towns like Red Oak nearby
Find towns like Red Oak in other states →Where Red Oak is
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Questions about Red Oak real estate
Is Red Oak a buyer’s or seller’s market?
A buyer’s market: there were 8 months of supply in Red Oak, OK 74563 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Red Oak?
The typical home went under contract in 188 days in the latest three months.
Do homes in Red Oak sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Red Oak?
About 0.53% of a home’s value a year in Latimer County, or roughly $2,120 on a $400,000 home.
What is the median home price in Red Oak?
The median sale price was $178,673 in the three months ending August 31, 2026, about $216 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology