$3,194 Closing Credit*
$269,000
2,097 SqFt
4 Beds
•2 Full Baths
Colleen Miklus, Listing Office: Keller Williams Greater Metropolitan
Is Mayfield, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
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.
Housing Prices in Mayfield, OH
How much do homes in Mayfield, OH cost?
Median Sold Price
$367,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,000(+7.9%)
Key Takeaway
Homes in Mayfield have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Mayfield was $367,000 in October 2024, up 7.9% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $186K | +6.3% |
| 3 Bedrooms | $337.5K | $357K | +5.8% |
| 4 Bedrooms | $310K | $407.5K | +31.5% |
| 5+ Bedrooms | $562.5K | $791K | +40.6% |
Summary: Mayfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 31.5%, and 5+ bedroom homes increased by 40.6%.
Median Sold Price Compared To Nearby Cities
| Mayfield Heights | $200K | $235K | +17.5% |
| Willoughby Hills | $287K | $335K | +16.7% |
| Mayfield | $340K | $367K | +7.9% |
| Highland Heights | $410K | $412K | 0.5% |
| Gates Mills | $800K | $625K | -21.9% |
Housing Supply in Mayfield, OH
How many homes are available in Mayfield, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +15.8% |
Summary: The Mayfield real estate market had 22 homes for sale in October 2024, a 15.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
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 remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mayfield, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Mayfield in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Mayfield, OH
How long does it take to sell a home in Mayfield, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 28 Days | +47.9% |
Summary: Homes in Mayfield had an average of 28 days on market in Oct 2024, up by 47.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 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 October 2024, 5 homes were sold in Mayfield; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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