North American P-51 Mustang Aircraft

The North American P-51 Mustang is the blue-chip WWII fighter — arguably the most desirable warbird of all, powered by the Packard V-1650 (Merlin) and prized for its performance, lines and history. P-51 ownership is the top tier of warbird collecting: provenance, restoration pedigree and engine status define value, and the buying process is a specialist one.

North American P-51 Mustang aircraft for sale

7 used North American P-51 Mustang aircraft for sale · 1-seat · Reference price ~$3,500,000 ($2,200,000–$5,000,000) · updated 12 hours ago

North American P-51 Mustang Specifications

Model spec

The North American P-51 Mustang is a 1-seat warbirds with a cruise speed of 315 kt (583 km/h), a range of 1,434 nm (2,656 km), and a useful load of 3,500 lbs (1,588 kg).

Performance
Cruise315 kt (583 km/h)
Max Speed380 kt (704 km/h)
Range1,434 nm (2,656 km)
Service Ceiling41,900 ft (12,771 m)
Engine & Fuel
Horsepower1,490 HP
Fuel Burn60.0 GPH (227 L/h)
Weights & Seats
Seats1
Max Gross Weight12,100 lbs (5,489 kg)
Useful Load3,500 lbs (1,588 kg)

North American P-51 Mustang for Sale

North American P-51 Mustang asking prices range from $2,000,000 to $3,500,000, with a median of $3,450,000 (market reference $3,500,000).

$129,000
Project
Reg# N0000 US
Location East Peoria, IL
Multiple sources
$2,000,000
For Sale
Total Time 540
Reg# 44-7290
Multiple sources
Listed 2mo ago
$3,400,000
For Sale
Total Time 14,538
Reg# N151BW US
Location Redondo Beach, CA
Multiple sources
$3,500,000
For Sale
Reg# N3024T US
Location , SK, Canada
Multiple sources
$3,500,000
For Sale
Reg# N6325T US
Location , SK, Canada
Multiple sources
Contact for Price
For Sale
Reg# N49WB US
Location Pagosa Springs, CO
Listed 1mo ago
Contact for Price
On Request
Reg# N877XP US
Location Titusville, FL
Multiple sources
Contact for Price
On Request
Total Time 874
Reg# N5420V US
Location Concord, NC
Multiple sources

Compare North American P-51 Mustang

See how the North American P-51 Mustang stacks up against similar aircraft in specs, price, and operating costs.

North American P-51 Mustang Price & Cost

How much does a North American P-51 Mustang cost? Used P-51 Mustang prices: $2M – $3.5M, average $3.1M (median $3.5M); market reference $3.5M, across 4 priced of 7 active listings.

North American P-51 Mustang Price Guide

Key price factors: engine time to overhaul, year and airframe hours, avionics, damage history and logbook completeness — see the buying guide below for the full pre-purchase checklist.

North American P-51 Mustang Cost of Ownership estimate
Fuel (60.0 GPH × $6.20, 100 hrs)$37,200/yr
Estimates at 100 flight hours/year. Actual costs vary by usage, location and insurance.

Buying a Used North American P-51 Mustang

Buying a North American P-51 Mustang comes down to a focused pre-purchase checklist — here is what matters most on this model:

What to check before buying

  • Provenance & restoration — combat/service history, restorer pedigree and originality are decisive value drivers; insist on complete documentation.
  • V-1650 Merlin — time since overhaul, accessory and supercharger status; specialist maintenance and parts.
  • Airframe — structural and corrosion inspection by warbird-experienced specialists.
  • Airworthiness & category — verify certificate, operating limitations and any restrictions.
  • Insurance & training — high-performance fighter; confirm the (substantial) training and insurance path.

Frequently Asked Questions — North American P-51 Mustang

Cost?
From $2,000,000 to $3,500,000, median $3,450,000.
What drives P-51 value?
Provenance, restoration quality, originality and engine/airframe times — more than

North American P-51 Mustang Inventory by Country

United States1

North American P-51 Mustang by Price

Under $200k1
Under $300k1
Under $500k1

North American P-51 Mustang by Decade

2020s1

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North American P-51 Mustang Safety Record

Across all P-51 Mustang variants, 1 NTSB-recorded events are on file from 1984–1984. As with any aircraft, most outcomes depend on pilot training, maintenance and operating conditions rather than the airframe itself.

1

Total Events

1

Incidents

0

Serious

0

Fatal

Most Recent Events

Date Location Severity Probable Cause
Jul 01, 1984 INDIANAPOLIS, IN Incident

NTSB records 1984–1984. Includes all North American P-51 Mustang variants. Events ≠ aircraft fault.

Disclaimer: All prices, cost estimates, and market values shown are based on asking prices from third-party sources and are provided for informational purposes only. AeroGurus is not an appraiser, broker, or financial advisor. Always obtain a professional appraisal and independent inspection before making a purchase decision.
Listings last refreshed 12 hours ago · Data: FAA Registry, NTSB · About our data