Is Mustang, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$269,995
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mustang have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Mustang was $269,995 in March 2024, up 8.8% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $224.9K | $123.7K | -45.0% |
| 2 Bedrooms | $154K | $192K | +24.7% |
| 3 Bedrooms | $220.5K | $234.9K | +6.5% |
| 4 Bedrooms | $310K | $325K | +4.8% |
| 5+ Bedrooms | $404.7K | $399.9K | -1.2% |
Summary: Mustang housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45%, 2 bedroom homes increased by 24.7%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Mustang | $248.2K | $269.9K | +8.8% |
| East Canadian | $267K | $277.1K | +3.8% |
| Oklahoma City Southwest | $209.8K | $215K | +2.5% |
| Oklahoma City | $245K | $250K | +2.0% |
Housing Supply in Mustang, OK
How many homes are available in Mustang, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 155 | 179 | +15.5% |
Summary: The Mustang real estate market had 179 homes for sale in March 2024, a 15.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 81 | 82 | +1.2% |
| 4 Bedrooms | 67 | 88 | +31.3% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Mustang housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 38 | +46.2% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mustang, expect to pay close to the asking price. 44.7% of homes here sold near the asking price last month.
Summary: A total of 38 homes were sold or pending in Mustang in March 2024, up by 46.2% month-over-month. Of the 38 sold homes, 34% were sold under asking, 45% were sold at asking, and 21% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 69 Days | +40.5% |
Summary: Homes in Mustang had an average of 69 days on market in Mar 2024, up by 40.5% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
10 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 March 2024, 38 homes were sold in Mustang; 53% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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