The prices in real estate in Mustang, in the Oklahoma region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Mustang has increased strongly during the last 6 months. In October, the average price per sq.feet was $99. In the following month the price per sq.feet decreased considerably to $34. The price for the following two months in (December, January) had a considerable increment of 200 %. The price per sq.feet has had a considerable increase of 139 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $99.75 to $139 during February, and March.
Based upon to the price in Mustang (cities), this has gone up considerably in the last 6 months. The average price for October is $250,345. During November the price had a considerable reduction till $206,383. During the following two months (December, January) the average price had a considerable increase of 162 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $299,438 and $306,222 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $322,225 they are 60 % more affordable than the average price for Mustang. The properties with the lowest average price have 4 bedrooms, Their price is 11 % cheaper than the average. After that we have properties with 3 bedrooms priced at $236,361.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $95 / sq.feet, with an average $142 / sq.feet price in Mustang. The properties with the highest average prices have 4 bedrooms. They are 458 % more expensive than the average followed by properties with 3 bedrooms with a price at $166 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $322,225 it is 27 % cheaper than the average price in Mustang. "Mobile Home" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Commercial". At a price of $533,708 it is 100 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Townhouse" at an average cost of $226 / sq.feet followed by "House" priced at $429 / sq.feet. "Commercial" is the most costly type of property with a $6,008 / sq.feet cost followed by "Land" with an average price of $1,167 / sq.feet.