Mayfield Housing Market Report December 2024•Graves County, Kentucky

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Housing Prices in Mayfield, KY

How much do homes in Mayfield, KY cost?

Housing Market Conditions

Is Mayfield, KY a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Mayfield is a Buyer's Market

Difference Since November 2024

Last month, Mayfield was a Seller's Market.

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$190,000$99/SqFt
+$29,550
+18.4%

Based on all homes sold in December 2024

Insight

Homes in Mayfield have sold for 18.4% more than they did a month ago.

Summary: The median home sold price in Mayfield was $190,000 in December 2024, up 18.4% from last month, and the median price per square foot was $99.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsNov 2024Dec 2024Change MoM
1--
N/A
2$106.9K$120K
+12.2%
3$175K$190K
+8.6%
4$162K$191.7K
+18.3%
5$227K-
N/A

Summary: Mayfield housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +12.2%. The home price for 3 bedroom homes increased by +8.6%. The home price for 4 bedroom homes increased by +18.3%. The home price for 5 bedroom homes did not change.

Housing supply in Mayfield, KY

How many homes are available in Mayfield, KY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
65Last MonthDec 2024
642 months agoNov 2024
+1.6 %
Change MoMNov – Dec

Summary: The Mayfield real estate market had 65 homes for sale in Dec 2024, a 1.6 % increase compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
7Last MonthDec 2024
142 months agoNov 2024
-50.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
111
0.0%
277
0.0%
33435
+2.9%
41819
+5.6%
543
-25.0%

Summary: Mayfield housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +2.9%. The inventory for 4 bedroom homes increased by +5.6%. The inventory for 5 bedroom homes decreased by -25.0%.

Asking Price vs. Sold Price

How much do homes in Mayfield, KY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price1 Home

Under Asking Price5 Homes

Insight

If you're buying a home in Mayfield, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Mayfield in December 2024, down by 50.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and and 0% were sold over asking.

Days on Market for Mayfield, KY

How long does it take to sell a home in Mayfield, KY?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

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

Summary: During December 2024, 7 homes were sold in Mayfield; 14% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
28 DaysLast MonthDec 2024
30 Days1 month agoNov 2024
-6.7 %
Change MoMNov – Dec

Summary: Homes in Mayfield had an average listing age of 28 days in Dec 2024, down by 6.7% compared to the previous month.

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Newest Listings in Mayfield, KY

What homes are available in Mayfield, KY?

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MLS Disclaimers and Copyright

Based on information from Western Kentucky Regional MLS, Metro Search MLS, and RealTracs Middle Tennessee Regional MLS for the period 11/01/2024 - 01/01/2025

IDX Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of the Western Kentucky Regional MLS (WKMLS) and provided here for consumer's personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Each potential buyer is responsible for conducting his or her own independent inspections,investigations, measurements, inquiries and due diligence concerning the property. Although all information contained herein is believed to be accurate, the Real Estate Broker and the Seller of the property make no warranty or guarantee, actual or implied. Copyright 2025 Western Kentucky Regional MLS, Inc.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 2:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2025 Metro Search, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 11:50:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX© 2025 of the REALTRACS MLS. All rights Reserved.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 11:48:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.