Is Mooresville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Mooresville has remained a Seller's Market.
Housing Prices in Mooresville, NC
How much do homes in Mooresville, NC cost?
Median Sold Price
$485,429
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mooresville was $485,429 in March 2024, up 14.4% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $173K | +1.8% |
2 Bedrooms | $260K | $275K | +5.8% |
3 Bedrooms | $360K | $399.9K | +11.1% |
4 Bedrooms | $458K | $631K | +37.8% |
5+ Bedrooms | $550K | $544K | -1.1% |
Summary: Mooresville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 37.8%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Cities
Mooresville | $424.4K | $485.4K | +14.4% |
Barringer Township | $336.5K | $365K | +8.4% |
Coddle Creek Township | $414.5K | $428.2K | +3.3% |
Davidson Township | $629.3K | $628K | -0.2% |
Housing Supply in Mooresville, NC
How many homes are available in Mooresville, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
464 | 485 | +4.5% |
Summary: The Mooresville real estate market had 485 homes for sale in March 2024, a 4.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 26 | 34 | +30.8% |
3 Bedrooms | 173 | 175 | +1.2% |
4 Bedrooms | 173 | 196 | +13.3% |
5+ Bedrooms | 91 | 78 | -14.3% |
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 increased by 30.8%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
112 | 122 | +8.9% |
Asking Price vs. Sold Price
84 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 122 homes were sold or pending in Mooresville in March 2024, up by 8.9% month-over-month. Of the 122 sold homes, 69% were sold under asking, 17% were sold at asking, and 14% were sold over asking.
Days on Market for Mooresville, NC
How long does it take to sell a home in Mooresville, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 51 Days | -4.2% |
Summary: Homes in Mooresville had an average of 51 days on market in Mar 2024, down by 4.2% compared to last year.
Breakdown of Home Sale Times
63 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Summary: During March 2024, 122 homes were sold in Mooresville; 52% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.