Is Mayodan, NC 27027 a buyer’s or seller’s market?
Mayodan is a buyer’s market. With about 6.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Mayodan housing market right now
In the three months ending August 31, 2026, 0% of homes in Mayodan, NC 27027 sold above their list price, the typical home went under contract in 45 days and there were 6.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. 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 10%, homes sold faster (72 days then) and the median sale price fell 12% to $177,423. Overall, Mayodan is about as competitive as it was a year ago.
Within Rockingham County, homes here sell faster than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Ruffin 27326 (33% sold over asking) and Madison 27025 (25% sold over asking) are even more competitive.
Run the numbers for 27027
Nearby markets
Eden 27288Balanced $136 /sq ftMadison 27025Seller’s market $184 /sq ftReidsville 27320Seller’s market $157 /sq ftRuffin 27326Balanced $156 /sq ft Browse all markets →Towns like Mayodan nearby
Find towns like Mayodan in other states →Where Mayodan is
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Questions about Mayodan real estate
Is Mayodan a buyer’s or seller’s market?
A buyer’s market: there were 6.8 months of supply in Mayodan, NC 27027 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 Mayodan?
The typical home went under contract in 45 days in the latest three months.
Do homes in Mayodan sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.8% of the list price.
What are property taxes in Mayodan?
About 0.75% of a home’s value a year in Rockingham County, or roughly $3,000 on a $400,000 home.
What is the median home price in Mayodan?
The median sale price was $177,423 in the three months ending August 31, 2026, about $137 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