Is Mayfield Ranch, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Mayfield Ranch was a Seller's Market.
Housing Prices in Mayfield Ranch, TX
How much do homes in Mayfield Ranch, TX cost?
Median Sold Price
$555,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mayfield Ranch was $555,000 in May 2024, down 7.2% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $500K | $499K | -0.2% |
4 Bedrooms | $652.5K | $592.5K | -9.2% |
5+ Bedrooms | $665K | $655K | -1.5% |
Summary: Mayfield Ranch housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Neighborhoods
Vista Oaks | $527.1K | $495K | -6.1% |
Mayfield Ranch | $598.2K | $555K | -7.2% |
Housing Supply in Mayfield Ranch, TX
How many homes are available in Mayfield Ranch, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 30 | +20.0% |
Summary: The Mayfield Ranch real estate market had 30 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 9 | 14 | +55.6% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Mayfield Ranch housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 55.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 3 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Mayfield Ranch in May 2024, down by 66.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Mayfield Ranch, TX
How long does it take to sell a home in Mayfield Ranch, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
54 Days | 10 Days | -81.1% |
Summary: Homes in Mayfield Ranch had an average of 10 days on market in May 2024, down by 81.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Mayfield Ranch; 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.