Mayfield Housing Market Report February 2025•Graves County, Kentucky

hero building illustration for mobile

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 February 2024

At the same time last year, Mayfield was a Neutral 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.
$169,950$107/SqFt
+$950
+0.6%

Based on all homes sold in the last 12 months

Insight

Homes in Mayfield have sold for 0.6% more than they did a year ago.

Summary: The median home sold price in Mayfield was $169,950 in February 2025, up 0.6% from last year, and the median price per square foot was $107.

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.
BedsFeb 2024Feb 2025Change YoY
1$110K$130K
+18.2%
2$110K$101K
-8.2%
3$171K$170K
-0.6%
4$204.5K$216K
+5.6%
5$355K$230K
-35.2%

Summary: Mayfield housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +18.2%. The home price for 2 bedroom homes decreased by -8.2%. The home price for 3 bedroom homes decreased by -0.6%. The home price for 4 bedroom homes increased by +5.6%. The home price for 5 bedroom homes decreased by -35.2%.

How does Mayfield, KY compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Mayfield, KY

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
66Last MonthFeb 2025
652 months agoJan 2025
+1.5 %
Change MoMJan – Feb

Summary: The Mayfield real estate market had 66 homes for sale in Feb 2025, a 1.5 % increase compared to Jan 2025.

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
9Last MonthFeb 2025
152 months agoJan 2025
-40.0 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
111
0.0%
2811
+37.5%
33535
0.0%
41917
-10.5%
522
0.0%

Summary: Mayfield housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +37.5%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes decreased by -10.5%. The inventory for 5 bedroom homes remained the same.

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 Price3 Homes

Under Asking Price6 Homes

Insight

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

Summary: A total of 9 homes were sold or pending in Mayfield in February 2025, down by 40.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 33% 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?

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
0 DaysThis YearFeb 2025
14 Days1 year agoFeb 2024
0.0 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Mayfield had an average listing age of 0 days in Feb 2025, down by .0% compared to the previous year.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in Mayfield, KY

What homes are available in Mayfield, KY?

See More Listings

Nearby markets

Nearby markets aren't available for Mayfield, KY

Popular Cities with Homes for Sale in Kentucky

MLS Disclaimers and Copyright

Based on information from Western Kentucky Regional MLS, for the period 03/01/2023 - 03/01/2025

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: 3/14/2025, 12:55:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.