Is Mooresville, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mooresville is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Mooresville has remained a Seller's Market.

Key Takeaway

Mooresville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mooresville, IN

How much do homes in Mooresville, IN cost?

Median Sold Price

$269,500

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$30,500(+12.8%)

Key Takeaway

Homes in Mooresville have sold for 12.8% more than they did a year ago.

Summary: The median home sold price in Mooresville was $269,500 in March 2024, up 12.8% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$154K
N/A
2 $172.7K$232.7K
+34.7%
3 $240K$261K
+8.8%
4 $275K$352.5K
+28.2%
5+ $340K$569.9K
+67.6%

Summary: Mooresville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.7%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 28.2%, and 5+ bedroom homes increased by 67.6%.

Median Sold Price Compared To Nearby Cities

Mooresville
+12.8%
Camby
+0.7%
Brown Township
0.0%
Guilford Township
-4.3%
Madison Township
-5.0%

Housing Supply in Mooresville, IN

How many homes are available in Mooresville, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5958-1.7%

Summary: The Mooresville real estate market had 58 homes for sale in March 2024, a 1.7% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 88
0.0%
3 3330
-9.1%
4 1414
0.0%
5+ 45
+25.0%

Summary: The Mooresville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1617+6.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mooresville, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Mooresville in March 2024, up by 6.3% month-over-month. Of the 17 sold homes, 65% were sold under asking, 24% were sold at asking, and 12% were sold over asking.

Days on Market for Mooresville, IN

How long does it take to sell a home in Mooresville, IN?

Average Sale Time

Mar 2023Mar 2024CHANGE
29 Days56 Days+90.3%

Summary: Homes in Mooresville had an average of 56 days on market in Mar 2024, up by 90.3% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mooresville are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 17 homes were sold in Mooresville; 41% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

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