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RED OAK, IA 51566

Real Estate Market Report  ·  Montgomery County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
44
⇧ 22.2% vs 36 last year
Pending
11
25% pending ratio
Median Price
$153,250
⇩ 18.6% vs $188,225 last year
Average Price
$187,659
⇩ 6.6% vs $200,935 last year
Days on Market
92
⇧ 29.6% vs 71 days last year

Market Context

Population: 6,764  ·  Density: 14.8/mi²  ·  Median household income: $57,603

Typical home value: $102,918  ·  Homeownership: 67.8%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The RED OAK, IA real estate market (51566) currently shows 44 active listings, with 11 pending sales. Homes are averaging 92 days on the market before going under contract.

Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 92 days on market compared to 71 days last year.

The median listing price has fallen 18.6% year-over-year, from $188,225 to $153,250.

Whether you are buying or selling in RED OAK, IA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 44 this year vs 36 last year
  • Days on market: 92 now vs 71 last year

Median & Average Pricing

Year over Year
  • Median: $153,250 (-18.6% YoY)
  • Average: $187,659 (-6.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 26.8 miles — 154 listings ($41,978,139 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
51566Red Oak, IA 515660.0 mi44$8,256,996$153,250$187,659
51533Emerson, IA 515337.9 mi4$712,300$186,200$178,075
51638Essex, IA 5163812.3 mi3$783,675$260,000$261,225
50864Villisca, IA 5086413.3 mi7$2,052,519$183,500$293,217
51535Griswold, IA 5153515.5 mi6$914,730$139,000$152,455
51551Malvern, IA 5155118.8 mi9$4,884,930$325,000$542,770
51649Randolph, IA 5164919.6 mi1$375,000$375,000$375,000
51632Clarinda, IA 5163220.7 mi23$3,827,407$125,000$166,409
51560Oakland, IA 5156022.6 mi7$2,128,350$249,750$304,050
51639Farragut, IA 5163924.1 mi3$734,499$252,000$244,833
51653Tabor, IA 5165324.8 mi1$224,000$224,000$224,000
51534Glenwood, IA 5153425.5 mi35$14,545,615$352,000$415,589
51652Sidney, IA 5165226.8 mi11$2,538,118$174,950$230,738

Frequently Asked Questions

How many homes are for sale in RED OAK, IA 51566?

As of January 2026, there are 44 active listings in RED OAK, IA (zip code 51566), compared to 36 the prior year.

What is the median home price in RED OAK, IA 51566?

The median listing price in RED OAK, IA 51566 is $153,250 as of January 2026, a 18.6% decrease from $188,225 the prior year.

How long do homes stay on the market in RED OAK, IA?

Homes in RED OAK, IA 51566 spend an average of 92 days on the market before going under contract, compared to 71 days the prior year.

Is it a seller's or buyer's market in RED OAK, IA 51566?

Based on current inventory and days-on-market data as of January 2026, RED OAK, IA 51566 is currently a Buyer's Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 92 days on market compared to 71 days last year.

How much can I save on real estate commission in RED OAK, IA?

With SELL123.com's maximum 3% commission, sellers in RED OAK, IA 51566 save an estimated $3,065 compared to a typical 5% commission on the median listing price of $153,250. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.