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Mooresville Real Estate Market Report

Mooresville Real Estate Market Update August 2016

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August 2016 Mooresville Real Estate Market Update

Mooresville Homes
In August 2016 167 homes sold in the Mooresville real estate market, a 22.8% increase from the 136 Mooresville homes sold in July. August 2016 sales figures increased 8.4% from August 2015 when 154 homes sold in the Mooresville area.

The average sales price increased 4.4% from $391,305 in July to $408,376 in August. The August 2016 average sales price increased 24.9% from the August 2015 average sales price which was $326,878.

Average days on the market decreased 7.7% from 65 days in July to 60 days on the market in August. The August 2015 average days on the market were 70, a 14.3% decrease in market time.

Currently there are 927 homes for sale in Mooresville, down 1.9% from August. The average list price is $582,817 up .1% from the August average list price of $582,144. 291 Mooresville homes are currently under contract, down 2.7% from August. Based on these numbers, just over 5.5 months of inventory, we are currently in a sellers market in the Mooresville area.

It is a great time to sell your home in Mooresville! Request a free market analysis or keep updated on the Mooresville real estate market on our website: MooresvilleHomePrices.com

Stay up to date on the Mooresville real estate market with our free Mooresville real estate market watch: Mooresville Real Estate Market Report

Mooresville Condos & Townhomes
In August 2016 27 condos/townhomes sold in the Mooresville real estate market, a 50% increase from the 18 Mooresville condos and townhomes sold in July. August 2016 sales figures increased 80% from August 2015 when 15 Mooresville condos sold.

The average sales price increased 7.8% from $168,277 in July to $181,348 in August. The August 2016 average sales price increased 10.5% from the August 2015 average sales price which was $164,074.

Average days on the market increased 29.3% from 41 days in July to 53 days on the market in August. The August 2015 average days on the market were 57, a 7% decrease in market time.

Currently there are 63 condos for sale in Mooresville, a 20% decrease from the 79 condos for sale in August. The average list price is $187,328, down 7.5% from August’s average list price of $202,419. 48 Mooresville condos/townhomes are currently under contract, a 4% decrease from August. Based on these numbers, just over 2.3 months of inventory, we are currently in a sellers market in the Mooresville condo market.

Stay up to date on the Mooresville real estate market with our free Mooresville real estate market watch: Mooresville Real Estate Market Report

Mooresville Lots
In August 2016 9 lots sold in the Mooresville real estate market, a 43.8% decrease from the 16 Mooresville lots sold in July. August 2016 sales figures increased 28.6% from August 2015 when 7 Mooresville lots sold.

The average sales price increased 18.1% from $202,134 in July to $238,798 in August. The August 2016 average sales price decreased 8.9% from the August 2015 average sales price which was $261,986.

Average days on the market decreased 51.5% from 136 in July to 66 in August 2016. The August 2015 average days on the market were 410, an 83.9% decrease in market time versus the same time period last year.

Currently there are 355 Mooresville lots for sale in the MLS, a 2.5% decrease in inventory from August. The average list price is $401,742, up .5% from August’s average list price of $399,567. 53 Mooresville lots are currently under contract, a 1.9% decrease from August. Based on these numbers we have almost 40 months of land inventory, a buyers market on Mooresville lots and acreage.

Stay up to date on the Mooresville real estate market with our free Mooresville real estate market watch: Mooresville Real Estate Market Report


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