Is Mayfield, KY 42066 a buyer’s or seller’s market?

The Mayfield housing market right now

In the three months ending August 31, 2026, 8% of homes in Mayfield, KY 42066 sold above their list price, the typical home went under contract in 73 days and there were 4.2 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 52 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 26%, homes sold more slowly (61 days then) and the median sale price rose 32% to $244,894. Overall, Mayfield is less competitive than a year ago, which gives buyers more room.

Within Graves County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Mayfield ranks #133 of 160 KY ZIP codes with enough sales (score 19 out of 100).

Nearby, buyers who want less competition could look at Symsonia 42082 (0% sold over asking) or Melber 42069 (0% sold over asking), while Farmington 42040 (50% sold over asking) and Boaz 42027 (33% sold over asking) are even more competitive.