Is Mooresville, NC 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, 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

+$60,960(+14.4%)

Key Takeaway

Homes in Mooresville have sold for 14.4% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $170K$173K
+1.8%
2 $260K$275K
+5.8%
3 $360K$399.9K
+11.1%
4 $458K$631K
+37.8%
5+ $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
+14.4%
Barringer Township
+8.4%
Coddle Creek Township
+3.3%
Davidson Township
-0.2%

Housing Supply in Mooresville, NC

How many homes are available in Mooresville, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
464485+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

# BEDSFeb 2024Mar 2024CHANGE
1 12
+100.0%
2 2634
+30.8%
3 173175
+1.2%
4 173196
+13.3%
5+ 9178
-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 2024Mar 2024CHANGE
112122+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mooresville, you may be able to get a good deal. 68.9% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
53 Days51 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

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, 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.

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

Report Updated 24 Days Ago

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