$5,344 Closing Credit*
$450,000
Studio
#225001083, Jeffrey G Jonas, Listing Office: JPM Real Estate Services LLC
Is Mayfair, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Mayfair has remained a Seller's Market.
Key Takeaway
Mayfair is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mayfair, OH
How much do homes in Mayfair, OH cost?
Median Sold Price
$172,500
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$6,500(+3.9%)
Key Takeaway
Homes in Mayfair have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Mayfair was $172,500 in December 2024, up 3.9% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $146K | - | N/A |
| 2 Bedrooms | $125K | $150K | +20.0% |
| 3 Bedrooms | $175K | $175K | 0.0% |
| 4 Bedrooms | $187K | $235K | +25.7% |
| 5+ Bedrooms | $234.9K | $226K | -3.8% |
Summary: Mayfair housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20%, 3 bedroom homes did not change, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes decreased by 3.8%.
Housing Supply in Mayfair, OH
How many homes are available in Mayfair, OH?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 16 | 21 | +31.3% |
Summary: The Mayfair real estate market had 21 homes for sale in December 2024, a 31.3% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mayfair housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mayfair, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Mayfair in December 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Mayfair, OH
How long does it take to sell a home in Mayfair, OH?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 29 Days | 12 Days | -56.9% |
Summary: Homes in Mayfair had an average of 12 days on market in Dec 2024, down by 56.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mayfair are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 4 homes were sold in Mayfair; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.