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Mooresville Real Estate Market Report

Mooresville Real Estate Market Update November 2017

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Mooresville Real Estate Market Stats for November 2017

Mooresville Homes
In November 2017 148 homes sold in the Mooresville real estate market, a 12.5% decrease from the 169 Mooresville homes sold in October 2017. November 2017 sales figures increased 13.8% from November 2016 when 130 homes sold in the Mooresville real estate market.

The average sales price decreased 15.2% from $436,337 in October to $370,125 in November. The November 2017 average sales price increased 5.4% from the November 2016 average sales price which was $351,282.

Average days on the market decreased 10% from 70 days in October to 63 days on the market in November. The November 2016 average days on the market were 70, a 10% decrease in market time from the same period last year.

Currently there are 518 active homes for sale in Mooresville, down 7.8% from November. The average list price is $613,359 up .04% from the November average list price of $613,054. 226 Mooresville homes are currently under contract, down 13.7% from November. Based on these numbers, just over 3.5 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 November 2017 20 condos/townhomes sold in the Mooresville real estate market, a 100% increase from the 10 Mooresville condos and townhomes sold in October. November 2017 sales figures decreased 42.9% from November 2016 when 35 Mooresville condos sold.

The average sales price increased 4.3% from $169,218 in October to $176,546 in November. The November 2017 average sales price decreased 6% from the November 2016 average sales price which was $187,913.

Average days on the market decreased 27.3% from 44 days in October to 32 days on the market in November. The November 2016 average days on the market were 31, a 3.2% increase in market time.

Currently there are 14 active condos for sale in Mooresville, a 33% decrease from the 21 active Mooresville condos for sale in November. The average list price is $292,081, up 7.3% from November’s average list price of $272,222. 26 Mooresville condos/townhomes are currently under contract, a 44% increase from November. Based on these numbers, just over .7 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 November 2017 11 lots sold in the Mooresville real estate market, an 8.3% decrease from the 12 Mooresville lots sold in October. November 2017 sales figures decreased 38.9% from November 2016 when 18 Mooresville lots sold.

The average sales price decreased 75.5% from $271,989 in October to $66,659 in November. The November 2017 average sales price decreased 87.3% from the November 2016 average sales price which was $524,689.

Average days on the market increased 46% from 74 in October to 137 days on the market in November. The November 2016 average days on the market were 131, a 4.6% increase in market time versus the same time period last year.

Currently there are 260 active Mooresville lots for sale in the MLS, a 2.6% decrease in inventory from November. The average list price is $448,443, up 3.4% from November’s average list price of $433,771. 22 Mooresville lots are currently under contract, a 4.3% decrease from November. 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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