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Mooresville Real Estate Market Report

Mooresville Real Estate Market Update December 2016

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Mooresville Real Estate Market Stats for December 2016

Mooresville Homes
In December 2016 125 homes sold in the Mooresville real estate market, a 2.3% decrease from the 128 Mooresville homes sold in November but the highest December total since 2006! December 2016 sales figures increased 2.5% from December 2015 when 122 homes sold in the Mooresville real estate market.

The average sales price decreased 4.3% from $351,716 in November to $336,529 in December. The December 2016 average sales price decreased 6.6% from the December 2015 average sales price which was $360,222.

Average days on the market increased 1.4% from 71 days in November to 72 days on the market in December. The December 2015 average days on the market were 70, a 2.9% increase in market time.

Currently there are 688 homes for sale in Mooresville, down 3.6% from December. The average list price is $581,876 up .2% from the December average list price of $580,435. 194 Mooresville homes are currently under contract, down 4% from December. 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 December 2016 26 condos/townhomes sold in the Mooresville real estate market, a 25.7% decrease from the 35 Mooresville condos and townhomes sold in November but the highest December total on record. December 2016 sales figures increased 52.9% from December 2015 when 17 Mooresville condos sold.

The average sales price decreased 13% from $187,913 in November to $163,478 in December. The December 2016 average sales price decreased 13.7% from the December 2015 average sales price which was $189,380.

Average days on the market increased 58% from 31 days in November to 49 days on the market in December. The December 2015 average days on the market were 55, a 10.9% decrease in market time.

Currently there are 31 condos for sale in Mooresville, a 22.5% decrease from the 40 condos for sale in December. The average list price is $194,637, up 6.1% from December’s average list price of $183,394. 12 Mooresville condos/townhomes are currently under contract, a 50% decrease from December. Based on these numbers, just over 1.1 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 December 2016 13 lots sold in the Mooresville real estate market, a 27.8% decrease from the 18 Mooresville lots sold in November. December 2016 sales figures increased 44.4% from December 2015 when 9 Mooresville lots sold.

The average sales price decreased 36.7% from $524,689 in November to $331,962 in December. The December 2016 average sales price increased 69.3% from the December 2015 average sales price which was $196,089.

Average days on the market decreased 51% from 267 in November to 131 days on the market in December. The December 2015 average days on the market were 194, a 32.5% decrease in market time versus the same time period last year.

Currently there are 299 Mooresville lots for sale in the MLS, a 3.5% decrease in inventory from December. The average list price is $407,641, up .7% from December’s average list price of $404,631. 31 Mooresville lots are currently under contract, a 14.8% increase from December. Based on these numbers we have 23 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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