Is Mayfield Ranch, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mayfield Ranch is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Mayfield Ranch was a Seller's Market.

Key Takeaway

Mayfield Ranch is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Mayfield Ranch, TX

How much do homes in Mayfield Ranch, TX cost?

Median Sold Price

$548,000

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$3,000(-0.5%)

Key Takeaway

Homes in Mayfield Ranch have sold for 0.5% less than they did a year ago.

Summary: The median home sold price in Mayfield Ranch was $548,000 in October 2024, down 0.5% from last year, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $502.5K$469K
-6.7%
4 $580K$592.5K
+2.2%
5+ $650K$622.5K
-4.2%

Summary: Mayfield Ranch 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 did not change, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 4.2%.

Median Sold Price Compared To Nearby Neighborhoods

Mayfield Ranch
-0.5%
Vista Oaks
-5.5%

Housing Supply in Mayfield Ranch, TX

How many homes are available in Mayfield Ranch, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3943+10.3%

Summary: The Mayfield Ranch real estate market had 43 homes for sale in October 2024, a 10.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1514
-6.7%
4 1822
+22.2%
5+ 67
+16.7%

Summary: The Mayfield Ranch 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 decreased by 6.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mayfield Ranch, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Mayfield Ranch in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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

Oct 2023Oct 2024CHANGE
55 Days63 Days+15.4%

Summary: Homes in Mayfield Ranch had an average of 63 days on market in Oct 2024, up by 15.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mayfield Ranch are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in Mayfield Ranch; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

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