Is Mayfair, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mayfair has remained a Seller's Market.
Key Takeaway
Mayfair is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mayfair, OH
How much do homes in Mayfair, OH cost?
Median Sold Price
$168,750
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mayfair have sold for 16% more than they did a year ago.
Summary: The median home sold price in Mayfair was $168,750 in May 2024, up 16% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $163K | $129K | -20.9% |
| 2 Bedrooms | $125K | $120K | -4.0% |
| 3 Bedrooms | $137.5K | $180K | +30.9% |
| 4 Bedrooms | $190.5K | $199.8K | +4.9% |
| 5+ Bedrooms | $231K | $193.4K | -16.3% |
Summary: Mayfair housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.9%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 30.9%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 16.3%.
Housing Supply in Mayfair, OH
How many homes are available in Mayfair, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 32 | +33.3% |
Summary: The Mayfair real estate market had 32 homes for sale in May 2024, a 33.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 19 | 26 | +36.8% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mayfair housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 36.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 9 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mayfair, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Mayfair in May 2024, up by 200.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for Mayfair, OH
How long does it take to sell a home in Mayfair, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 6 Days | 17 Days | +184.9% |
Summary: Homes in Mayfair had an average of 17 days on market in May 2024, up by 184.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mayfair are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Mayfair; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.