Lone Oak's real estate market is experiencing a price correction, with values down 67.3% from last year. Home prices have decreased 69.1% in the past month. With 6 active listings, inventory is 100% higher than seasonal norms. Homes are now taking an average of 300 days to sell, significantly longer than the 179 days typical for this market. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Lone Oak market with the affordability index at 717.3. Current trends suggest further price adjustments may occur as the market continues to favor buyers.