Erhardt Group's Market Report

Mustang, OK 73064

Single-Family Homes

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



Mustang, OK 73064

Tue Jul 05 2022
This week the median list price for Mustang, OK 73064 is $383,340 with the market action index hovering around 78. This is less than last month's market action index of 82. Inventory has increased to 45. 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.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Mustang, OK 73064

Tue Jul 05 2022
This week the median list price for Mustang, OK 73064 is $383,340 with the market action index hovering around 78. This is less than last month's market action index of 82. Inventory has increased to 45. 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.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Mustang market.
Median List Price $383,340
Median Price of New Listings $368,340
Per Square Foot $178
Average Days on Market 29
Median Days on Market 7
Price Decreased 18%
Price Increased 2%
Relisted 4%
Inventory 45
Median Rent
Market Action 78
Strong Seller's Market

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$749,900 3,741 5 - 10 acres 4 3.5 15 3 1 21
$415,000 2,450 8,000 - 10,000 sqft 4 2.5 0 6 2 0
$333,490 1,850 8,000 - 10,000 sqft 4 2 0 10 4 0
$248,165 1,621 6,500 - 8,000 sqft 3 2 11 4 2 14