Is Mayfield, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mayfield is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, 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.

How much do homes in Mayfield, OH cost?

Median Sold Price

$330,000

$118/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$45,000(+15.8%)

Key Takeaway

Homes in Mayfield have sold for 15.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $217K-
N/A
3 $260K$330K
+26.9%
4 $350K$345K
-1.4%
5+ $432.5K$373.7K
-13.6%

Median Sold Price Compared To Nearby Cities

Mayfield
+15.8%
Mayfield Heights
+13.4%
Highland Heights
+7.9%
Gates Mills
-0.5%
Willoughby Hills
-5.1%

How many homes are available in Mayfield, OH?

Number of Homes For Sale

Sep 2022Oct 2022%
1917-10.5%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 00
0.0%
3 45
+25.0%
4 109
-10.0%
5+ 53
-40.0%

Number of Homes Sold

Sep 2022Oct 2022%
24+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mayfield, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
41 Days91 Days+121.5%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mayfield has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Mayfield, OH

Mayfield, OH has 17 homes for sale to choose from. The number of listings in Mayfield, OH decreased by 10.5% between September 2022 and October 2022. While the average time on the market in October 2022 was 91 days, the median list price was $330,000. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 0%, the cost of 3 bedrooms properties went up by 26.9%, prices of 4 bedrooms properties decreased by 1.4%, 5 bedrooms properties prices decreased by 13.6%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes have not changed, the quantity of 3 bedrooms homes went up by 25%, 4 bedrooms homes inventory decreased by 10%, 5 bedrooms homes inventory decreased by 40%. Over 0 listings were sold over their listed price in October 2022 in Mayfield, OH. In the same period over 4 listings were sold below the listed price and 0 listings were sold for the listed price.

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