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 May 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

$490,289

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$56,064(+12.9%)

Key Takeaway

Homes in Mooresville have sold for 12.9% more than they did a year ago.

Summary: The median home sold price in Mooresville was $490,289 in May 2024, up 12.9% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $207.5K$173K
-16.6%
2 $257K$280K
+8.9%
3 $379.1K$395K
+4.2%
4 $474K$652.8K
+37.7%
5+ $549K$544.7K
-0.8%

Summary: Mooresville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.6%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 37.7%, and 5+ bedroom homes decreased by 0.8%.

Median Sold Price Compared To Nearby Cities

Mooresville
+12.9%
Coddle Creek Township
+5.4%
Davidson Township
-0.3%
Barringer Township
-0.6%

Housing Supply in Mooresville, NC

How many homes are available in Mooresville, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
519573+10.4%

Summary: The Mooresville real estate market had 573 homes for sale in May 2024, a 10.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 3843
+13.2%
3 193224
+16.1%
4 213218
+2.3%
5+ 7587
+16.0%

Summary: The Mooresville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 16%.

Number of Homes Sold

Apr 2024May 2024CHANGE
104139+33.7%

Asking Price vs. Sold Price

83 Homes Were Sold
Under Asking

31 Homes Were Sold
At Asking

25 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. 59.7% of homes here sold below asking price last month.

Summary: A total of 139 homes were sold or pending in Mooresville in May 2024, up by 33.7% month-over-month. Of the 139 sold homes, 60% were sold under asking, 22% were sold at asking, and 18% 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

May 2023May 2024CHANGE
31 Days41 Days+31.9%

Summary: Homes in Mooresville had an average of 41 days on market in May 2024, up by 31.9% compared to last year.

Breakdown of Home Sale Times

90 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

18 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 May 2024, 139 homes were sold in Mooresville; 65% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 13% 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 1 Day Ago

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