$95,000
Land
Listing Office: Lake Norman Realty, Inc.
Is Mooresville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Mooresville was a Seller's Market.
Key Takeaway
Mooresville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mooresville, NC
How much do homes in Mooresville, NC cost?
Median Sold Price
$497,145
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,145(+5.8%)
Key Takeaway
Homes in Mooresville have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Mooresville was $497,145 in November 2024, up 5.8% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $185K | +19.4% |
| 2 Bedrooms | $265K | $277.7K | +4.8% |
| 3 Bedrooms | $390K | $400K | +2.6% |
| 4 Bedrooms | $575.2K | $638K | +10.9% |
| 5+ Bedrooms | $539.3K | $569.9K | +5.7% |
Summary: Mooresville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.4%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
| Mount Ulla | $405K | $517.5K | +27.8% |
| Coddle Creek Township | $410K | $434.9K | +6.1% |
| Mooresville | $470K | $497.1K | +5.8% |
| Barringer Township | $358.4K | $375K | +4.6% |
| Davidson Township | $637.9K | $625K | -2.0% |
Housing Supply in Mooresville, NC
How many homes are available in Mooresville, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 591 | 612 | +3.6% |
Summary: The Mooresville real estate market had 612 homes for sale in November 2024, a 3.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 7 | +600.0% |
| 2 Bedrooms | 39 | 39 | 0.0% |
| 3 Bedrooms | 232 | 230 | -0.9% |
| 4 Bedrooms | 232 | 251 | +8.2% |
| 5+ Bedrooms | 87 | 85 | -2.3% |
Summary: The Mooresville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 600%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 2.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 110 | 92 | -16.4% |
Asking Price vs. Sold Price
59 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mooresville, you may be able to get a good deal. 64.1% of homes here sold below asking price last month.
Summary: A total of 92 homes were sold or pending in Mooresville in November 2024, down by 16.4% month-over-month. Of the 92 sold homes, 64% were sold under asking, 21% were sold at asking, and 15% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 37 Days | +24.1% |
Summary: Homes in Mooresville had an average of 37 days on market in Nov 2024, up by 24.1% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mooresville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 92 homes were sold in Mooresville; 54% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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