Is Mustang, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mustang has remained a Seller's Market.
Key Takeaway
Mustang is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mustang, OK
How much do homes in Mustang, OK cost?
Median Sold Price
$270,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mustang have sold for 8% more than they did a year ago.
Summary: The median home sold price in Mustang was $270,000 in April 2024, up 8% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $224.9K | $123.7K | -45.0% |
| 2 Bedrooms | $154K | $163.9K | +6.4% |
| 3 Bedrooms | $224.9K | $240K | +6.7% |
| 4 Bedrooms | $310K | $322.2K | +3.9% |
| 5+ Bedrooms | $419.5K | $402.8K | -4.0% |
Summary: Mustang housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
| Mustang | $250K | $270K | +8.0% |
| East Canadian | $267.8K | $277.9K | +3.8% |
| Oklahoma City Southwest | $210K | $215K | +2.4% |
| Oklahoma City | $244.9K | $249.9K | +2.1% |
Housing Supply in Mustang, OK
How many homes are available in Mustang, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 173 | 180 | +4.0% |
Summary: The Mustang real estate market had 180 homes for sale in April 2024, a 4.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 84 | 86 | +2.4% |
| 4 Bedrooms | 79 | 78 | -1.3% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Mustang housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 48 | +23.1% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mustang, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in Mustang in April 2024, up by 23.1% month-over-month. Of the 48 sold homes, 44% were sold under asking, 42% were sold at asking, and 15% were sold over asking.
Days on Market for Mustang, OK
How long does it take to sell a home in Mustang, OK?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 58 Days | +33.4% |
Summary: Homes in Mustang had an average of 58 days on market in Apr 2024, up by 33.4% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mustang are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 48 homes were sold in Mustang; 58% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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