Is Mooresville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$490,289
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $207.5K | $173K | -16.6% |
2 Bedrooms | $257K | $280K | +8.9% |
3 Bedrooms | $379.1K | $395K | +4.2% |
4 Bedrooms | $474K | $652.8K | +37.7% |
5+ Bedrooms | $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 | $434.2K | $490.2K | +12.9% |
Coddle Creek Township | $412.6K | $435K | +5.4% |
Davidson Township | $630.8K | $629.2K | -0.3% |
Barringer Township | $361.4K | $359.3K | -0.6% |
Housing Supply in Mooresville, NC
How many homes are available in Mooresville, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
519 | 573 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 38 | 43 | +13.2% |
3 Bedrooms | 193 | 224 | +16.1% |
4 Bedrooms | 213 | 218 | +2.3% |
5+ Bedrooms | 75 | 87 | +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 2024 | May 2024 | CHANGE |
---|---|---|
104 | 139 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 41 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
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.