Is Mooresville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$488,562
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mooresville was $488,562 in April 2024, up 14.5% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $207.5K | $173K | -16.6% |
2 Bedrooms | $256.5K | $279.5K | +8.9% |
3 Bedrooms | $365.2K | $400K | +9.5% |
4 Bedrooms | $467K | $630.3K | +35.0% |
5+ Bedrooms | $549.5K | $540K | -1.7% |
Summary: Mooresville housing prices by bedroom type for April 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 9.5%, 4 bedroom homes increased by 35%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
Mooresville | $426.6K | $488.5K | +14.5% |
Coddle Creek Township | $414.7K | $430.9K | +3.9% |
Barringer Township | $347.4K | $359.3K | +3.4% |
Davidson Township | $625.9K | $631.4K | +0.9% |
Housing Supply in Mooresville, NC
How many homes are available in Mooresville, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
473 | 514 | +8.7% |
Summary: The Mooresville real estate market had 514 homes for sale in April 2024, a 8.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 32 | 40 | +25.0% |
3 Bedrooms | 166 | 191 | +15.1% |
4 Bedrooms | 194 | 209 | +7.7% |
5+ Bedrooms | 81 | 74 | -8.6% |
Summary: The Mooresville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 8.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
129 | 101 | -21.7% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 101 homes were sold or pending in Mooresville in April 2024, down by 21.7% month-over-month. Of the 101 sold homes, 55% were sold under asking, 25% were sold at asking, and 20% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 47 Days | +56.7% |
Summary: Homes in Mooresville had an average of 47 days on market in Apr 2024, up by 56.7% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Summary: During April 2024, 101 homes were sold in Mooresville; 57% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.