Is Red Oak, TX 75154 a buyer’s or seller’s market?
Red Oak is a balanced market. With about 5.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 34% of U.S. ZIP codes, and #198 of 868 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Red Oak housing market right now
In the three months ending August 31, 2026, 14% of homes in Red Oak, TX 75154 sold above their list price, the typical home went under contract in 61 days and there were 5.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 165 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 10%, homes sold faster (68 days then) and the median sale price fell 2% to $394,329. Overall, Red Oak is more competitive than a year ago, so tougher for buyers.
Within Ellis County, homes here sell faster than in 89% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Red Oak ranks #198 of 868 TX ZIP codes with enough sales (score 36 out of 100).
Nearby, buyers who want less competition could look at Milford 76670 (0% sold over asking) or Italy 76651 (0% sold over asking).
Run the numbers for 75154
Nearby markets
Avalon 76623 — /sq ftEnnis 75119Balanced $156 /sq ftFerris 75125Seller’s market $167 /sq ftForreston 76041 $95 /sq ft Browse all markets →Towns like Red Oak nearby
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Questions about Red Oak real estate
Is Red Oak a buyer’s or seller’s market?
A balanced market: there were 5.3 months of supply in Red Oak, TX 75154 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 61 days in the latest three months.
Do homes in Red Oak sell over asking?
14% of homes sold above their original list price, and the typical sale closed at 99.6% of the list price.
What are property taxes in Red Oak?
About 1.35% of a home’s value a year in Ellis County, or roughly $5,400 on a $400,000 home.
What is the median home price in Red Oak?
The median sale price was $394,329 in the three months ending August 31, 2026, about $177 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