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Mooresville Real Estate Market Report

Mooresville Real Estate Market Update May 2017

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Mooresville Real Estate Market Stats for May 2017

Mooresville Homes
In May 2017 150 homes sold in the Mooresville real estate market, a 42.9% increase from the 135 Mooresville homes sold in April 2017. May 2017 sales figures decreased 5.1% from May 2016 when 158 homes sold in the Mooresville real estate market.

The average sales price decreased .3% from $369,832 in April to $368,611 in May. The May 2017 average sales price decreased 3.8% from the April 2016 average sales price which was $383,113.

Average days on the market decreased 8.2% from 73 days in April to 67 days on the market in May. The May 2016 average days on the market were 74, a 9.5% decrease in market time from the same period last year.

Currently there are 654 active homes for sale in Mooresville, up 3.8% from May. The average list price is $660,686 down .7% from the May average list price of $665,418. 328 Mooresville homes are currently under contract, down 2.7% from May. Based on these numbers, just over 4.3 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 May 2017 16 condos/townhomes sold in the Mooresville real estate market, a 33% increase from the 12 Mooresville condos and townhomes sold in April. May 2017 sales figures decreased 27.3% from May 2016 when 22 Mooresville condos sold.

The average sales price increased 10.3% from $171,746 in April to $189,414 in May. The May 2017 average sales price increased 8.5% from the May 2016 average sales price which was $174,622.

Average days on the market increased 436% from 14 days in April to 75 days on the market in May. The May 2016 average days on the market were 90, a 16.7% decrease in market time.

Currently there are 26 active condos for sale in Mooresville, a 3.7% decrease from the 27 active condos for sale in May. The average list price is $215,449, up 2.4% from May’s average list price of $210,353. 24 Mooresville condos/townhomes are currently under contract, a 7.7% decrease from May. 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 May 2017 10 lots sold in the Mooresville real estate market, an 37.5% decrease from the 16 Mooresville lots sold in April. May 2017 sales figures decreased 23.1% from May 2016 when 13 Mooresville lots sold.

The average sales price increased 136% from $122,375 in April to $288,730 in May. The May 2017 average sales price increased 18.7% from the May 2016 average sales price which was $243,288.

Average days on the market decreased 16.6% from 247 in April to 206 days on the market in May. The May 2016 average days on the market were 249, a 17.3% decrease in market time versus the same time period last year.

Currently there are 261 active Mooresville lots for sale in the MLS, an 8.8% increase in inventory from May. The average list price is $377,101, down 3.6% from May’s average list price of $391,086. 50 Mooresville lots are currently under contract, an 18% decrease from May. 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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