Is Mayfield, NY 12117 a buyer’s or seller’s market?
Mayfield is a seller’s market. With about 2.5 months of supply and 11% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Mayfield housing market right now
In the three months ending August 31, 2026, 11% of homes in Mayfield, NY 12117 sold above their list price, the typical home went under contract in 186 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold more slowly (31 days then) and the median sale price rose 5% to $225,602. Overall, Mayfield is less competitive than a year ago, which gives buyers more room.
Within Fulton County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Gloversville 12078 (42% sold over asking) and Broadalbin 12025 (40% sold over asking) are even more competitive.
Run the numbers for 12117
Nearby markets
Broadalbin 12025Seller’s market $223 /sq ftDolgeville 13329Buyer’s market $101 /sq ftGloversville 12078Balanced $130 /sq ftJohnstown 12095Balanced $131 /sq ft Browse all markets →Towns like Mayfield nearby
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Questions about Mayfield real estate
Is Mayfield a buyer’s or seller’s market?
A seller’s market: there were 2.5 months of supply in Mayfield, NY 12117 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Mayfield?
The typical home went under contract in 186 days in the latest three months.
Do homes in Mayfield sell over asking?
11% of homes sold above their original list price, and the typical sale closed at 94.6% of the list price.
What are property taxes in Mayfield?
About 2.06% of a home’s value a year in Fulton County, or roughly $8,240 on a $400,000 home.
What is the median home price in Mayfield?
The median sale price was $225,602 in the three months ending August 31, 2026, about $158 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology