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Featured local agent — Mayfield, KY
Sarah Mitchell
Compass Real Estate · Mayfield, KY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Mayfield, KY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$130,000median sale price
How is the Mayfield, KY housing market right now?
The median home sale price in Mayfield, KY is $130,000, down 34.3% year-over-year. Homes sell in an average of 46 days with 29 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Mayfield a buyer's or seller's market?
Mayfield, KY is currently a leaning buyer's, based on 5.8 months of supply and homes selling in about 46 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
46
Average pace
Active listings
29
5.8 months supply
Sale-to-list
97.4%
Below asking
What does the Mayfield housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $130,000 |
| Median list price | $179,450 |
| Year-over-year price change | -34.3% |
| Average days on market | 46 days |
| Active inventory | 29 listings |
| Months of supply | 5.8 months |
| Sale-to-list price ratio | 97.4% |
| Median price per sq ft | $110/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 11 |
| Listings with a price cut | 34.5% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Mayfield by property type?
How the Mayfield, KY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $130,000 | $110/sq ft | 5 | 46 days |
| Condo / Co-op | $115,000 | $84/sq ft | 1 | 32 days |
Source: Redfin · Updated monthly
The Mayfield housing market is currently classified as a leaning buyer's with a median sale price of $130,000. Prices have fallen 34.3% compared to last year, with homes spending an average of 46 days on market, indicating 5.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.9x provides context for how home values compare to local earning capacity.
Homes for sale in Mayfield
There are currently 29 homes listed for sale in Mayfield, Kentucky. The median listing price is $179K.
Active listings
29
Homes on market
Median list price
$179K
Avg. days on market
46
Days until sale
New this week
11
Newly listed
Who lives in Mayfield?
Population
9,905
Median income
$41,458/yr
Median age
37.1 years
Owner-occupied
64.1%
College grads
22.0%
Avg commute
15.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Mayfield?
Zillow home value
$162,674
Price-to-income
3.9x
Source: Zillow Research
What is it like to live in Mayfield?
Mayfield is a community of approximately 10K residents with a median age of 37.1 years.The median household income is $41,458, which represents a working-class community with solid middle-income opportunities. 22.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 64.1%, showing a blend of owner and renter-occupied properties. The average commute time is 15.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Mayfield offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Mayfield?
11 schools tracked · 4,801 students
The largest public schools serving Mayfield, KY by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Graves County High School
Grades 9-12 · 1,127 students
Mayfield Elementary School
Grades PK-4 · 922 students
Graves County Middle School
Grades 7-8 · 562 students
Mayfield High School
Grades 9-12 · 534 students
Mayfield Middle School
Grades 5-8 · 527 students
Graves County Central Elementary
Grades PK-6 · 459 students
Sedalia Elementary School
Grades PK-6 · 360 students
Farmington Elementary School
Grades PK-6 · 283 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Mayfield, KY?
Want a head-to-head view? Compare Mayfield side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Mayfield?
The median home sale price in Mayfield is $130,000, down 34.3% from last year.
How long do homes stay on market in Mayfield?
Homes typically spend 46 days on market before going under contract.
What is the median income in Mayfield?
The median household income is $41,458 per year.
Is Mayfield a buyer's or seller's market?
With 5.8 months of supply, Mayfield is currently a leaning buyer's.
What is the Zillow home value estimate for Mayfield?
The Zillow Home Value Index (ZHVI) for Mayfield is $162,674, representing the typical home value in the area.
What is the median condo price in Mayfield?
The median condo/co-op sale price in Mayfield, KY is $115,000, compared to $130,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Mayfield?
The median single-family home price in Mayfield, KY is $130,000 (about $110 per square foot).
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