1.25% Closing Credit Back*
Price Not Disclosed
2,090 SqFt
3 Beds
•2 Full Baths
Lisa Wilson, Listing Office: Bunch Bros. Auctioneers and Realty
Is Mayfield, KY 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, KY
How much do homes in Mayfield, KY cost?
Median Sold Price
$156,400
$124/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$18,600(-10.6%)
Key Takeaway
Homes in Mayfield have sold for 10.6% less than they did a month ago.
Summary: The median home sold price in Mayfield was $156,400 in October 2024, down 10.6% from last month, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $107.5K | N/A |
| 3 Bedrooms | $172.5K | $165.7K | -3.9% |
| 4 Bedrooms | $450K | $156.4K | -65.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Mayfield housing prices by bedroom type for October 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 3.9%, 4 bedroom homes decreased by 65.2%, and 5+ bedroom homes did not change.
Housing Supply in Mayfield, KY
How many homes are available in Mayfield, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 | 76 | +15.2% |
Summary: The Mayfield real estate market had 76 homes for sale in October 2024, a 15.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 41 | 40 | -2.4% |
| 4 Bedrooms | 18 | 23 | +27.8% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Mayfield housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mayfield, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Mayfield in October 2024, up by 30.8% month-over-month. Of the 16 sold homes, 44% were sold under asking, 19% were sold at asking, and 38% were sold over asking.
Days on Market for Mayfield, KY
We’re sorry, we don't have information for this market at the moment
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of the Western Kentucky Regional MLS (WKMLS) and provided here for consumer's personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Each potential buyer is responsible for conducting his or her own independent inspections,investigations, measurements, inquiries and due diligence concerning the property. Although all information contained herein is believed to be accurate, the Real Estate Broker and the Seller of the property make no warranty or guarantee, actual or implied. Copyright 2024 Western Kentucky Regional MLS, Inc.