Is Mooresville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$480,216
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Mooresville was $480,216 in February 2024, up 15.2% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $173K | +4.8% |
2 Bedrooms | $256.5K | $272K | +6.0% |
3 Bedrooms | $358.5K | $398.9K | +11.3% |
4 Bedrooms | $449.9K | $611.9K | +36.0% |
5+ Bedrooms | $549.9K | $544K | -1.1% |
Summary: Mooresville housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 36%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Cities
Mooresville | $416.7K | $480.2K | +15.2% |
Barringer Township | $336.5K | $360K | +7.0% |
Coddle Creek Township | $410.1K | $425.2K | +3.7% |
Davidson Township | $628.1K | $626.6K | -0.2% |
Mount Ulla | $352.5K | $350K | -0.7% |
Housing Supply in Mooresville, NC
How many homes are available in Mooresville, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
413 | 452 | +9.4% |
Summary: The Mooresville real estate market had 452 homes for sale in February 2024, a 9.4% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 29 | 27 | -6.9% |
3 Bedrooms | 152 | 173 | +13.8% |
4 Bedrooms | 145 | 169 | +16.6% |
5+ Bedrooms | 86 | 82 | -4.7% |
Summary: The Mooresville housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes decreased by 4.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
64 | 96 | +50.0% |
Asking Price vs. Sold Price
59 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 96 homes were sold or pending in Mooresville in February 2024, up by 50.0% month-over-month. Of the 96 sold homes, 61% were sold under asking, 24% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
41 Days | 57 Days | +37.1% |
Summary: Homes in Mooresville had an average of 57 days on market in Feb 2024, up by 37.1% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
38 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During February 2024, 96 homes were sold in Mooresville; 39% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.