With only 0.8 months of inventory, Mulvane remains a seller's market. Home prices have increased 20.6% in the past month alone. At the current pace, all available homes in Mulvane would sell out in just 0.8 months, indicating a continued supply shortage. Properties are selling within just 5 days on average, much faster than the historical norm of 12 days. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 27.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Mulvane market with the affordability index at 188.5. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.