Is Mayfield, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Mayfield has remained a Seller's Market.
Key Takeaway
Mayfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mayfield, MD
How much do homes in Mayfield, MD cost?
Median Sold Price
$379,000
$218/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Mayfield have sold for 12.1% more than they did a month ago.
Summary: The median home sold price in Mayfield was $379,000 in April 2024, up 12.1% from last month, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $406K | $379K | -6.7% |
| 4 Bedrooms | $270K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Mayfield housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 6.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Mayfield, MD
How many homes are available in Mayfield, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Summary: The Mayfield real estate market had 2 homes for sale in April 2024, a 33.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mayfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mayfield, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Mayfield in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Mayfield, MD
How long does it take to sell a home in Mayfield, MD?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 Days | 9 Days | +28.6% |
Summary: Homes in Mayfield had an average of 9 days on market in Apr 2024, up by 28.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mayfield are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Mayfield; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
