$3,206 Closing Credit*
$269,990
1,502 SqFt
3 Beds
•2 Full Baths
John Burris, Listing Office: Central OK Real Estate Group
Is Mustang, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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 October 2023
+$2,142(+0.8%)
Key Takeaway
Homes in Mustang have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Mustang was $270,000 in October 2024, up 0.8% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114.9K | $187.5K | +63.1% |
| 2 Bedrooms | $152.5K | $210K | +37.7% |
| 3 Bedrooms | $234.9K | $240K | +2.2% |
| 4 Bedrooms | $300.4K | $318.8K | +6.1% |
| 5+ Bedrooms | $412.6K | $557.5K | +35.1% |
Summary: Mustang housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.1%, 2 bedroom homes increased by 37.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 35.1%.
Median Sold Price Compared To Nearby Cities
| Oklahoma City Southwest | $212.2K | $215.4K | +1.5% |
| East Canadian | $276.6K | $279.9K | +1.2% |
| Oklahoma City | $249.9K | $252.5K | +1.0% |
| Mustang | $267.8K | $270K | +0.8% |
Housing Supply in Mustang, OK
How many homes are available in Mustang, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 204 | 213 | +4.4% |
Summary: The Mustang real estate market had 213 homes for sale in October 2024, a 4.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 95 | 104 | +9.5% |
| 4 Bedrooms | 95 | 91 | -4.2% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Mustang housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 40 | +8.1% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mustang, you may be able to get a good deal. 47.5% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in Mustang in October 2024, up by 8.1% month-over-month. Of the 40 sold homes, 48% were sold under asking, 38% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 39 Days | +49.8% |
Summary: Homes in Mustang had an average of 39 days on market in Oct 2024, up by 49.8% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 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 October 2024, 40 homes were sold in Mustang; 60% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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