$3,200 Closing Credit*
$269,500
2,244 SqFt
4 Beds
•2 Full Baths, 1 Partial
Nathan Barta, Listing Office: Ken Carpenter Realty
Is Mustang, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Mustang was a Seller's Market.
Key Takeaway
Mustang is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mustang, OK
How much do homes in Mustang, OK cost?
Median Sold Price
$267,884
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$1,799(-0.7%)
Key Takeaway
Homes in Mustang have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Mustang was $267,884 in November 2024, down 0.7% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114.9K | $187.5K | +63.1% |
| 2 Bedrooms | $140K | $188K | +34.3% |
| 3 Bedrooms | $233.5K | $239.9K | +2.8% |
| 4 Bedrooms | $312.4K | $309.9K | -0.8% |
| 5+ Bedrooms | $399.9K | $543.5K | +35.9% |
Summary: Mustang housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.1%, 2 bedroom homes increased by 34.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 35.9%.
Median Sold Price Compared To Nearby Cities
| Oklahoma City Southwest | $212.5K | $216.3K | +1.8% |
| Oklahoma City | $249.9K | $253.6K | +1.4% |
| Mustang | $269.6K | $267.8K | -0.7% |
| East Canadian | $279.7K | $275.1K | -1.7% |
Housing Supply in Mustang, OK
How many homes are available in Mustang, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 198 | 192 | -3.0% |
Summary: The Mustang real estate market had 192 homes for sale in November 2024, a 3.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 89 | 92 | +3.4% |
| 4 Bedrooms | 92 | 83 | -9.8% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Mustang housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 22 | -47.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mustang, expect to pay close to the asking price. 59.1% of homes here sold near the asking price last month.
Summary: A total of 22 homes were sold or pending in Mustang in November 2024, down by 47.6% month-over-month. Of the 22 sold homes, 32% were sold under asking, 59% were sold at asking, and 9% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 35 Days | -32.9% |
Summary: Homes in Mustang had an average of 35 days on market in Nov 2024, down by 32.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mustang are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in Mustang; 64% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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