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Mooresville Real Estate Market Report

Mooresville Real Estate Market Update July 2017

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Mooresville Real Estate Market Stats for July 2017

Mooresville Homes
In July 2017 156 homes sold in the Mooresville real estate market, a 25.4% decrease from the 209 Mooresville homes sold in June 2017. July 2017 sales figures increased 14.7% from July 2016 when 136 homes sold in the Mooresville real estate market.

The average sales price increased 13.8% from $352,940 in June to $401,537 in July. The July 2017 average sales price increased 2.6% from the July 2016 average sales price which was $391,305.

Average days on the market increased 23.1% from 52 days in June to 64 days on the market in July. The July 2016 average days on the market were 65, a 1.5% decrease in market time from the same period last year.

Currently there are 681 active homes for sale in Mooresville, up 2.6% from July. The average list price is $599,375 down 6.3% from the July average list price of $639,550. 317 Mooresville homes are currently under contract, down 3.6% from July. Based on these numbers, just over 6.3 months of inventory, we are currently in a balanced 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 July 2017 15 condos/townhomes sold in the Mooresville real estate market, a 0% decrease from the 15 Mooresville condos and townhomes sold in June. July 2017 sales figures decreased 21.1% from July 2016 when 19 Mooresville condos sold.

The average sales price increased 13.9% from $158,327 in June to $180,352 in July. The July 2017 average sales price increased 6.9% from the July 2016 average sales price which was $168,789.

Average days on the market increased 315% from 13 days in June to 54 days on the market in July. The July 2016 average days on the market were 39, a 38.5% increase in market time.

Currently there are 23 active condos for sale in Mooresville, a 0% decrease from the 23 active condos for sale in July. The average list price is $206,691, down 5.7% from July’s average list price of $219,252. 21 Mooresville condos/townhomes are currently under contract, a 19% decrease from July. Based on these numbers, just over 2.9 months of inventory, we are currently in a sellers market in the Mooresville condo real estate 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 July 2017 17 lots sold in the Mooresville real estate market, a 6.3% increase from the 16 Mooresville lots sold in June. July 2017 sales figures increased 6.3% from July 2016 when 16 Mooresville lots sold.

The average sales price increased 8.5% from $209,906 in June to $227,818 in July. The July 2017 average sales price increased 12.7% from the July 2016 average sales price which was $202,134.

Average days on the market increased 35.1% from 154 in June to 208 days on the market in July. The July 2016 average days on the market were 136, a 52.9% increase in market time versus the same time period last year.

Currently there are 260 active Mooresville lots for sale in the MLS, a 4% increase in inventory from July. The average list price is $424,582, up 7.5% from July’s average list price of $394,961. 45 Mooresville lots are currently under contract, a 13.5% decrease from July. Based on these numbers we have 17.9 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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