Mayo, MD

Balanced market+23.4% YoY

Housing market overview · Updated weekly

$695,000median sale price

Homes sold

9

Last 12 weeks

Days on market

61

Average pace

Active listings

31

3.4 months supply

Sale-to-list

101.8%

Above asking

The Mayo housing market is currently classified as a balanced market with a median sale price of $695,000. Prices have risen 23.4% compared to last year, with homes spending an average of 61 days on market, indicating 3.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Market trends

Homes for sale in Mayo

There are currently 31 homes listed for sale in Mayo, Maryland. The median listing price is $712K.

Active listings

31

Homes on market

Median list price

$712K

Avg. days on market

61

Days until sale

New this week

14

Newly listed

Price drops:35.5%of listings
Sale-to-list:101.8%

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Frequently asked questions

What is the average home price in Mayo?

The median home sale price in Mayo is $695,000, up 23.4% from last year.

How long do homes stay on market in Mayo?

Homes typically spend 61 days on market before going under contract.

Is Mayo a buyer's or seller's market?

With 3.4 months of supply, Mayo is currently a balanced market.

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