Erhardt Group's Market Report

Mustang, OK 73064

Single-Family Homes

Erhardt Group LLC | homes@erhardtgroup.com | 405-309-7477



Mustang, OK 73064

Tue Nov 29 2022
This week the median list price for Mustang, OK 73064 is $364,340 with the market action index hovering around 34. This is less than last month's market action index of 36. Inventory has held steady at or around 103. Click here to stay informed with the Mustang market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Mustang, OK 73064

Tue Nov 29 2022
This week the median list price for Mustang, OK 73064 is $364,340 with the market action index hovering around 34. This is less than last month's market action index of 36. Inventory has held steady at or around 103. Click here to stay informed with the Mustang market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Mustang market.
Median List Price $364,340
Median Price of New Listings $594,945
Per Square Foot $180
Average Days on Market 75
Median Days on Market 56
Price Decreased 50%
Price Increased 0%
Relisted 6%
Inventory 103
Median Rent
Market Action 34
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$549,900 2,951 1 - 2.5 acres 4 3 10 1 0 56
$402,450 2,179 8,000 - 10,000 sqft 4 2.5 0 0 2 80
$313,370 1,850 6,500 - 8,000 sqft 4 2 0 0 1 59
$252,490 1,436 6,500 - 8,000 sqft 3 2 0 1 4 49