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Mooresville Real Estate Market Report

Mooresville Real Estate Market Update March 2018

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Mooresville Real Estate Market Stats for March 2018

Mooresville Homes

In March 2018 121 homes sold in the Mooresville real estate market, a 12% increase from the 108 Mooresville homes sold in February 2018. March 2018 sales figures decreased 29.7% from March 2017 when 172 homes sold in the Mooresville real estate market.

The average sales price decreased 7.8% from $400,799 in February to $369,568 in March. The March 2018 average sales price decreased 5.3% from the March 2017 average sales price which was $390,196.

Average days on the market decreased 17.7% from 96 days in February to 79 days on the market in March. The March 2017 average days on the market were 85, a7.1% decrease in market time from the same period last year.

Currently there are 539 active homes for sale in Mooresville, up 4.3% from March. The average list price is $631,680 down 1.5% from the March average list price of $641,488. 315 Mooresville homes are currently under contract, up 13% from March. Based on these numbers, just over 4.5 months of inventory, we are currently in a sellers market in the Mooresville real estate market.

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 2018 15 condos/townhomes sold in the Mooresville real estate market, a 114% increase from the 7 Mooresville condos and townhomes sold in February 2018. March 2018 sales figures increased 15.4% from March 2017 when 13 Mooresville condos sold.

The average sales price increased 10.4% from $200,926 in February to $221,752 in March. The March 2018 average sales price decreased 1.6% from the March 2017 average sales price which was $225,328.

Average days on the market decreased 50.5% from 97 days in February to 48 days on the market in March. The March 2017 average days on the market were 15, a 220% increase in market time.

Currently there are 22 active condos for sale in Mooresville, a 29% increase from the 17 active Mooresville condos for sale in March. The average list price is $240,877, down 14.5% from March’s average list price of $281,565. 39 Mooresville condos/townhomes are currently under contract, a 2.6% increase from March. Based on these numbers, just over 1.4 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 2018 12 lots sold in the Mooresville real estate market, a 20% increase from the 10 Mooresville lots sold in February 2018. March 2018 sales figures decreased 33% from March 2017 when 18 Mooresville lots sold.

The average sales price decreased 75% from $598,436 in February to $151,900 in March. The March 2018 average sales price decreased 5.3% from the March 2017 average sales price which was $160,481.

Average days on the market increased 44.4% from 169 in February to 244 days on the market in March. The March 2017 average days on the market were 174, a 40% increase in market time versus the same time period last year.

Currently there are 263 active Mooresville lots for sale in the MLS, a 3.5% increase in inventory from March. The average list price is $424,010, down 9.2% from March’s average list price of $467,089. 35 Mooresville lots are currently under contract, a 35% decrease from March. Based on these numbers we have 26 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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