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 February 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

$480,216

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$63,503(+15.2%)

Key Takeaway

Homes in Mooresville have sold for 15.2% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $165K$173K
+4.8%
2 $256.5K$272K
+6.0%
3 $358.5K$398.9K
+11.3%
4 $449.9K$611.9K
+36.0%
5+ $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
+15.2%
Barringer Township
+7.0%
Coddle Creek Township
+3.7%
Davidson Township
-0.2%
Mount Ulla
-0.7%

Housing Supply in Mooresville, NC

How many homes are available in Mooresville, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
413452+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

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 2927
-6.9%
3 152173
+13.8%
4 145169
+16.6%
5+ 8682
-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 2024Feb 2024CHANGE
6496+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mooresville, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
41 Days57 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mooresville has remained consistent over time.

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.

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

Report Updated 28 Days Ago

Newest Listings in Mooresville, NC

Nearby Markets to Mooresville, NC

What housing markets are near Mooresville, NC?