Is Mooresville, IN 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 November 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, IN

How much do homes in Mooresville, IN cost?

Median Sold Price

$301,333

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$51,333(+20.5%)

Key Takeaway

Homes in Mooresville have sold for 20.5% more than they did a year ago.

Summary: The median home sold price in Mooresville was $301,333 in November 2024, up 20.5% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$154K
N/A
2 $200.2K$253.5K
+26.6%
3 $245K$288.5K
+17.8%
4 $318.5K$371.5K
+16.6%
5+ $260K$500K
+92.3%

Summary: Mooresville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.6%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes increased by 92.3%.

Median Sold Price Compared To Nearby Cities

Mooresville
+20.5%
Brown Township
+13.8%
Guilford Township
+5.5%
Camby
-2.0%
Madison Township
-4.7%

Housing Supply in Mooresville, IN

How many homes are available in Mooresville, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9290-2.2%

Summary: The Mooresville real estate market had 90 homes for sale in November 2024, a 2.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 1011
+10.0%
3 5351
-3.8%
4 2424
0.0%
5+ 33
0.0%

Summary: The Mooresville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2518-28.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 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. 50% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Mooresville in November 2024, down by 28.0% month-over-month. Of the 18 sold homes, 50% were sold under asking, 28% were sold at asking, and 22% were sold over asking.

Days on Market for Mooresville, IN

How long does it take to sell a home in Mooresville, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days47 Days+136.7%

Summary: Homes in Mooresville had an average of 47 days on market in Nov 2024, up by 136.7% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 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 November 2024, 18 homes were sold in Mooresville; 50% of homes were sold within 30 days, 28% 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 20 Days Ago

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