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Mooresville Real Estate Market Report

Mooresville Real Estate Market Update October 2016

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October 2016 Mooresville Real Estate Market Stats

Mooresville Homes
In October 2016 117 homes sold in the Mooresville real estate market, a 30.4% decrease from the 168 Mooresville homes sold in September. October 2016 sales figures increased 9.3% from October 2015 when 107 homes sold in the Mooresville real estate market.

The average sales price decreased .4% from $360,778 in September to $359,365 in October. The October 2016 average sales price increased 4.8% from the October 2015 average sales price which was $342,747.

Average days on the market increased 7.8% from 64 days in September to 69 days on the market in October. The October 2015 average days on the market were 83, a 16.9% decrease in market time.

Currently there are 797 homes for sale in Mooresville, down 7.2% from October. The average list price is $578,096 down 9.6% from the October average list price of $583,697. 245 Mooresville homes are currently under contract, down 2.4% from October. Based on these numbers, just over 6.8 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 October 2016 11 condos/townhomes sold in the Mooresville real estate market, a 26.7% decrease from the 15 Mooresville condos and townhomes sold in September. October 2016 sales figures decreased 26.7% from October 2015 when 15 Mooresville condos sold.

The average sales price decreased 14.9% from $216,791 in September to $184,532 in October. The October 2016 average sales price increased 8.5% from the October 2015 average sales price which was $170,059.

Average days on the market decreased 58.2% from 55 days in September to 23 days on the market in October. The October 2015 average days on the market were 84, a 72.6% decrease in market time.

Currently there are 61 condos for sale in Mooresville, a 24.7% decrease from the 81 condos for sale in October. The average list price is $184,487, down 3.5% from October’s average list price of $191,194. 32 Mooresville condos/townhomes are currently under contract, a 33% decrease from October. Based on these numbers, just over 5.5 months of inventory, we are currently in a sellers market in the Mooresville condo 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 October 2016 7 lots sold in the Mooresville real estate market, a 77% decrease from the 31 Mooresville lots sold in September. October 2016 sales figures decreased 58.8% from October 2015 when 17 Mooresville lots sold.

The average sales price increased 75% from $90,516 in September to $158,643 in October. The October 2016 average sales price decreased 41% from the October 2015 average sales price which was $268,959.

Average days on the market increased 119% from 122 in September to 267 in October 2016. The October 2015 average days on the market were 204, a 31% increase in market time versus the same time period last year.

Currently there are 319 Mooresville lots for sale in the MLS, a 5.1% decrease in inventory from October. The average list price is $406,392, down 6.7% from October’s average list price of $435,350. 30 Mooresville lots are currently under contract, a 19% decrease from October. Based on these numbers we have 46 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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