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Featured local agent — Lone Oak, TX
Sarah Mitchell
Compass Real Estate · Lone Oak, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lone Oak, TX Housing Market
The typical home in Lone Oak, TX is worth $304,051, held roughly flat 0.1% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $129,900, -51.3% year over year (through May 2026). With 9.0 months of supply and homes going under contract in about 29 days, Lone Oak is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $304,051 home is about $1,623/mo in principal and interest.
Key numbers for Lone Oak, TX
Typical home value
$304,051
+0.1% in 12 months
Zillow, August 2026
Median sale price
$129,900
-51.3% year over year
Redfin, through May 2026
Days on market
29
Average pace
Redfin, through May 2026
Active listings
9
9.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$65,972
Home costs 4.6x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.0%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Lone Oak a buyer's or seller's market?
Lone Oak, TX is a buyer's market, based on 9.0 months of supply and homes selling in about 29 days. Above 7 months of supply is a glut: inventory is well ahead of the sales pace, and buyers can take time to inspect, compare, and negotiate concessions.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Lone Oak housing market data show?
Every row below is Redfin's final published month for Lone Oak, TX. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $129,900 |
| Median list price | $250,000 |
| Year-over-year price change | -51.3% |
| Median price per sq ft | $73/sq ft |
| Median days on market | 29 days |
| Active inventory | 9 listings |
| Months of supply | 9.0 months |
| Sale-to-list price ratio | 100.0% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Listings with a price cut | 55.6% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Lone Oak is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Lone Oak is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Lone Oak home prices moved?
Over the last three years the median sale price in Lone Oak, TX fell 20.6%, from $163,500 to $129,900. The live Zillow value series has held roughly flat 0.1% in the last 12 months, which is the more current read now that Redfin's series has stopped. 55.6% of Lone Oak listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 9.0 months while the sale-to-list ratio slips below its current 100.0%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Lone Oak?
Priced off the typical home value of $304,051 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $60,810 | $243,241 | $1,623/mo |
| 5% | $15,203 | $288,849 | $1,928/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,623, that implies roughly $69,565 a year before you add taxes and insurance. The median household in Lone Oak earns $65,972, about $3,593 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 4.6x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Lone Oak in the next 12 months?
Tell us your timeline. We send the Lone Oak market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Lone Oak?
Zillow does not publish a rent index (ZORI) for Lone Oak, TX, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Lone Oak?
Active listings in Lone Oak, TX went from 5 in October 2024 to 9 in May 2026, a +80.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| November 2024 | 6 | 1 |
| February 2025 | 7 | 3 |
| March 2025 | 7 | 1 |
| April 2025 | 7 | 1 |
| May 2025 | 5 | 1 |
| June 2025 | 5 | 1 |
| September 2025 | 5 | not published |
| October 2025 | 7 | 3 |
| January 2026 | 4 | not published |
| February 2026 | 4 | not published |
| April 2026 | 10 | 5 |
| May 2026 | 9 | 1 |
Redfin, through May 2026
How does Lone Oak compare to Texas and the U.S.?
Lone Oak homes sell for $129,900 — 64% below the Texas median of $356,100. Against the national median of $410,700, Lone Oak runs 68% lower. Year-over-year, Lone Oak moved -51.3% against Texas's +2.1% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Lone Oak, TX | $129,900 | -51.3% | 29 days |
| Texas statewide | $356,100 | +2.1% | 56 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Lone Oak
What buyers should watch
- Months of supply, currently 9.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 55.6%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $304 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $304,051 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Lone Oak listing goes under contract in 29 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.0% of asking. Price at the number you want and let competition do the rest.
- In the last published month Lone Oak added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +0.1% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Lone Oak varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Lone Oak
There are currently 9 homes listed for sale in Lone Oak, Texas. The median listing price is $250K.
Active listings
9
Homes on market
Median list price
$250K
Avg. days on market
29
Days until sale
New this week
1
Newly listed
How much do homes cost in Lone Oak by property type?
How the Lone Oak, TX market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $129,900 | $73/sq ft | 1 | 29 days |
Who lives in Lone Oak?
American Community Survey estimates for Lone Oak. U.S. Census ACS, 2023
Population
541
Households
199
Median income
$65,972/yr
Median age
39.4 years
Owner-occupied
77.9%
Median home value
$144,100
Median gross rent
$1,017/mo
Mean commute
40.2 min
77.9% of occupied homes in Lone Oak are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $144,100 against Zillow's $304,051 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Lone Oak?
3 schools tracked · 1,146 students
The largest public schools serving Lone Oak, TX by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
LONE OAK EL
Grades PK-5 · 551 students
LONE OAK H S
Grades 9-12 · 345 students
LONE OAK MIDDLE
Grades 6-8 · 250 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lone Oak, TX?
Ordered by distance from Lone Oak, not by size. Compare Lone Oak side by side with any of them.
Lone Oak housing market FAQ
Is Lone Oak a buyer's or seller's market?
Lone Oak, TX is currently a buyer's market. That read comes from 9.0 months of supply, homes going under contract in about 29 days, and sellers getting 100.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Lone Oak?
The typical home in Lone Oak, TX is worth $304,051 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $129,900, about $73 per square foot.
Is Lone Oak cheaper than the rest of Texas?
Lone Oak's median sale price of $129,900 is 64% lower than the Texas statewide median of $356,100, and 68% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Lone Oak?
Homes in Lone Oak, TX spent a median of 29 days on market before going under contract, versus 56 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Lone Oak?
At the current 30-year fixed rate of 7.03%, 20% down on a $304,051 home is about $1,623 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $69,565 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $65,972.
Are home prices rising in Lone Oak?
The typical home value in Lone Oak, TX held roughly flat 0.1% over the last 12 months, from $303,643 to $304,051 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Lone Oak?
Lone Oak ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Lone Oak?
That depends on your timeline, not on a headline. What the data says today: Lone Oak, TX is a buyer's market with 9.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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