$4,726 Closing Credit*
$398,000
2,350 SqFt
3 Beds
•2 Full Baths, 1 Partial
Oleg Bosovik, Listing Office: Keller Williams Elevate
Is Mayfield, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Mayfield was a Seller's Market.
Key Takeaway
Mayfield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mayfield, OH
How much do homes in Mayfield, OH cost?
Median Sold Price
$367,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since November 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 November 2024, up 7.9% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $186K | +6.3% |
| 3 Bedrooms | $340K | $355K | +4.4% |
| 4 Bedrooms | $325K | $410K | +26.2% |
| 5+ Bedrooms | $600K | $791K | +31.8% |
Summary: Mayfield housing prices by bedroom type for November 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 4.4%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes increased by 31.8%.
Median Sold Price Compared To Nearby Cities
| Mayfield Heights | $203.5K | $240K | +17.9% |
| Mayfield | $340K | $367K | +7.9% |
| Willoughby Hills | $298.9K | $322K | +7.7% |
| Highland Heights | $413K | $413.7K | 0.2% |
| Gates Mills | $788K | $669K | -15.1% |
Housing Supply in Mayfield, OH
How many homes are available in Mayfield, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Summary: The Mayfield real estate market had 19 homes for sale in November 2024, a 13.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Mayfield housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mayfield, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Mayfield in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 86 Days | +723.8% |
Summary: Homes in Mayfield had an average of 86 days on market in Nov 2024, up by 723.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mayfield are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Mayfield; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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