Mayfield is currently in a neutral housing market, sitting right between favoring buyers and sellers. Homes are typically valued around $250,000, close to the $253,000 level in Lackawanna County. With only 5 homes on the market and 1.7 months of supply, conditions are tight but not overwhelmingly in favor of either side.
Homes are moving quickly, with a median of 11 days on market and a sharp month-over-month drop of 72.5 percent in time to sell. Even with this faster pace, about one-third of recent sales closed above the asking price, and the average sale-to-list ratio is just over 1.0, showing buyers are often paying very close to list.
Sellers are listing at a median price of $145,000, while typical values are projected to ease to about $237,750 next month, suggesting some softening on the value side even as inventory is expected to edge up to 7 homes. New listings are limited at just 3, and 20 percent of sellers are reducing prices, which hints at some flexibility, especially compared with the broader county where values are projected to rise to $270,750. In this mixed environment, both buyers and sellers in Mayfield can benefit from Agent Pronto’s help connecting them with a local agent who understands these shifting conditions.
