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Mooresville Real Estate Market Report

Mooresville Real Estate Market Update March 2017

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Mooresville Real Estate Market Stats for March 2017

Mooresville Homes
In March 2017 168 homes sold in the Mooresville real estate market, a 98% increase from the 85 Mooresville homes sold in February 2017. March 2017 sales figures increased 46% from March 2016 when 115 homes sold in the Mooresville real estate market.

The average sales price increased 15.1% from $337,999 in February to $388,949 in March. The March 2017 average sales price increased 27.6% from the March 2016 average sales price which was $304,807.

Average days on the market decreased 2.4% from 85 days in February to 83 days on the market in March. The March 2016 average days on the market were also 83, a 0% decrease in market time from the same period last year.

Currently there are 617 active homes for sale in Mooresville, up 2.7% from March. The average list price is $631,786 down .3% from the March average list price of $633,803. 311 Mooresville homes are currently under contract, up 2.6% from March. Based on these numbers, just over 3.6 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 March 2017 12 condos/townhomes sold in the Mooresville real estate market, a 33% increase from the 9 Mooresville condos and townhomes sold in February. March 2017 sales figures increased 50% from March 2016 when 8 Mooresville condos sold.

The average sales price increased 7.5% from $214,553 in February to $230,606 in March. The March 2017 average sales price increased 47.3% from the March 2016 average sales price which was $156,523.

Average days on the market decreased 80.5% from 82 days in February to 16 days on the market in March. The March 2016 average days on the market were 68, a 76.5% decrease in market time.

Currently there are 20 active condos for sale in Mooresville, a 5.3% increase from the 19 active condos for sale in March. The average list price is $205,227, up 7.4% from March’s average list price of $191,008. 23 Mooresville condos/townhomes are currently under contract, a 15% increase from March. Based on these numbers, just over 1.6 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 March 2017 15 lots sold in the Mooresville real estate market, an 11.8% decrease from the 17 Mooresville lots sold in February. March 2017 sales figures increased 25% from March 2016 when 12 Mooresville lots sold.

The average sales price decreased 13.9% from $195,288 in February to $168,180 in March. The March 2017 average sales price increased 1.7% from the March 2016 average sales price which was $165,375.

Average days on the market increased 4.2% from 167 in February to 174 days on the market in March. The March 2016 average days on the market were 194, a 10.3% decrease in market time versus the same time period last year.

Currently there are 248 active Mooresville lots for sale in the MLS, a .4% decrease in inventory from March. The average list price is $388,526, down 7.2% from March’s average list price of $418,480. 48 Mooresville lots are currently under contract, a 17.1% increase from March. Based on these numbers we have 16.5 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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