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Featured local agent — Red Lick, TX
Sarah Mitchell
Compass Real Estate · Red Lick, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Red Lick, TX Housing Market
The last median sale price Redfin published was $539,000 (through May 2026). With 6.0 months of supply and homes going under contract in about 146 days, Red Lick is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $539,000 home is about $2,877/mo in principal and interest.
Key numbers for Red Lick, TX
Median sale price
$539,000
Last published period
Redfin, through May 2026
Days on market
146
Slow-moving
Redfin, through May 2026
Active listings
6
6.0 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
$136,250
Home costs 4.0x income
U.S. Census ACS, 2023
Zillow figures 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 Red Lick a buyer's or seller's market?
Red Lick, TX is a buyer's market, based on 6.0 months of supply and homes selling in about 146 days. Above 5 months of supply, homes start accumulating faster than they clear, which is where buyers gain leverage on price, repairs, and closing costs.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Red Lick housing market data show?
Every row below is Redfin's final published month for Red Lick, TX. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $539,000 |
| Median list price | $414,000 |
| Median price per sq ft | $133/sq ft |
| Median days on market | 146 days |
| Active inventory | 6 listings |
| Months of supply | 6.0 months |
| Homes sold (that month) | 1 |
| New listings (that month) | 4 |
| Listings with a price cut | 16.7% |
| 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 Red Lick is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Red Lick 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 Red Lick home prices moved?
Over the last three years the median sale price in Red Lick, TX rose 91.5%, from $281,500 to $539,000. 16.7% of Red Lick listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear.
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 Red Lick?
Priced off the median sale price of $539,000 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% | $107,800 | $431,200 | $2,877/mo |
| 5% | $26,950 | $512,050 | $3,417/mo |
Redfin, through May 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 $2,877, that implies roughly $123,320 a year before you add taxes and insurance. The median household in Red Lick earns $136,250, about $12,930 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 4.0x — 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 Red Lick in the next 12 months?
Tell us your timeline. We send the Red Lick 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 Red Lick?
Zillow does not publish a rent index (ZORI) for Red Lick, 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 Red Lick?
Active listings in Red Lick, TX went from 5 in October 2024 to 6 in May 2026, a +20.0% 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 |
|---|---|---|
| January 2025 | 5 | 2 |
| February 2025 | 5 | 1 |
| March 2025 | 6 | 3 |
| April 2025 | 5 | not published |
| June 2025 | 4 | not published |
| July 2025 | 4 | 2 |
| August 2025 | 2 | not published |
| September 2025 | 3 | 1 |
| December 2025 | 6 | 1 |
| March 2026 | 4 | not published |
| April 2026 | 3 | not published |
| May 2026 | 6 | 4 |
Redfin, through May 2026
How does Red Lick compare to Texas and the U.S.?
Red Lick homes sell for $539,000 — 51% above the Texas median of $356,100. Against the national median of $410,700, Red Lick runs 31% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Red Lick, TX | $539,000 | not published | 146 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 Red Lick
What buyers should watch
- Months of supply, currently 6.0. 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 16.7%. 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 $540 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 $539,000 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 Red Lick listing goes under contract in 146 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- In the last published month Red Lick added 4 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
- Comparable ZIP-level pricing inside Red Lick varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Red Lick
There are currently 6 homes listed for sale in Red Lick, Texas. The median listing price is $414K.
Active listings
6
Homes on market
Median list price
$414K
Avg. days on market
146
Days until sale
New this week
4
Newly listed
How much do homes cost in Red Lick by property type?
How the Red Lick, 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 | $539,000 | $133/sq ft | 1 | 146 days |
Who lives in Red Lick?
American Community Survey estimates for Red Lick. U.S. Census ACS, 2023
Population
1,534
Households
548
Median income
$136,250/yr
Median age
38 years
Owner-occupied
70.6%
Median home value
$307,000
Median gross rent
$1,718/mo
Mean commute
19.7 min
70.6% of occupied homes in Red Lick 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.
Which cities are near Red Lick, TX?
Ordered by distance from Red Lick, not by size. Compare Red Lick side by side with any of them.
Red Lick housing market FAQ
Is Red Lick a buyer's or seller's market?
Red Lick, TX is currently a buyer's market. That read comes from 6.0 months of supply, homes going under contract in about 146 days in the last month Redfin published (May 2026).
How much do homes cost in Red Lick?
The median sale price in the last month Redfin published was $539,000, about $133 per square foot.
Is Red Lick cheaper than the rest of Texas?
Red Lick's median sale price of $539,000 is 51% higher than the Texas statewide median of $356,100, and 31% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Red Lick?
Homes in Red Lick, TX spent a median of 146 days on market before going under contract, versus 56 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Red Lick?
At the current 30-year fixed rate of 7.03%, 20% down on a $539,000 home is about $2,877 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $123,320 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $136,250.
Are home prices rising in Red Lick?
We do not hold a complete 12-month value series for Red Lick, TX yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Red Lick?
Red Lick 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 Red Lick?
That depends on your timeline, not on a headline. What the data says today: Red Lick, TX is a buyer's market with 6.0 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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