Comprehensive market data and analysis• Updated Dec 2025
1.5 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | 3 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | 2 | 2 | 2 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 2 | 2 | 5 |
Acreage buckets
The median price for land in Red Oak, Virginia is currently $4K per acre. For a typical parcel, the median sale price is $24K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $19K while premium lots reached $136K.
Red Oak, Virginia is currently a very hot seller's market with 1.5 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
Red Oak, Virginia currently has 1.5 months of inventory supply. This indicates a very hot seller's market. Low supply means competition for available properties is high.
The median land price in Red Oak, Virginia stands at $24K. This translates to roughly $4K per acre for the typical parcel size. The average price is $67K, indicating some higher-priced properties pulling up the average.
Land in Red Oak, Virginia typically sells within 78 days of listing. The median time on market is 50 days. Properties are moving at a moderate pace in the current very hot seller's market.
Over the past 12 months, Red Oak, Virginia saw 5 properties sold, totaling $335K in sales volume. In just the last 3 months, 2 properties changed hands.
The 3-month absorption rate in Red Oak, Virginia is 66.7%. The 12-month rate is 41.7%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
