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 November 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

$552,500

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$2,500(+0.5%)

Key Takeaway

The sold price of homes in Mayfield Ranch has remained the same since last year.

Summary: The median home sold price in Mayfield Ranch was $552,500 in November 2024, up 0.5% from last year, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $502.5K$472K
-6.1%
4 $580K$606.2K
+4.5%
5+ $650K$677.5K
+4.2%

Summary: Mayfield Ranch 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 did not change, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 4.2%.

Median Sold Price Compared To Nearby Neighborhoods

Mayfield Ranch
0.5%
Vista Oaks
-5.0%

Housing Supply in Mayfield Ranch, TX

How many homes are available in Mayfield Ranch, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3735-5.4%

Summary: The Mayfield Ranch real estate market had 35 homes for sale in November 2024, a 5.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1210
-16.7%
4 2020
0.0%
5+ 55
0.0%

Summary: The Mayfield Ranch 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 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were 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. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Mayfield Ranch in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Nov 2023Nov 2024CHANGE
52 Days59 Days+12.4%

Summary: Homes in Mayfield Ranch had an average of 59 days on market in Nov 2024, up by 12.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were 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 November 2024, 4 homes were sold in Mayfield Ranch; 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.

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

Report Updated 17 Days Ago

Newest Listings in Mayfield Ranch, TX

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