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Mooresville Real Estate Market Report

Mooresville Real Estate Market Update October 2017

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Mooresville Real Estate Market Stats for October 2017

Mooresville Homes
In October 2017 169 homes sold in the Mooresville real estate market, a 7.7% decrease from the 8183 Mooresville homes sold in September  2017. October 2017 sales figures increased 42% from October 2016 when 119 homes sold in the Mooresville real estate market.

The average sales price increased 3.3% from $422,198 in September to $436,337 in October. The October 2017 average sales price increased 21.9% from the October 2016 average sales price which was $358,062.

Average days on the market increased 25% from 56 days in September to 70 days on the market in October. The October 2016 average days on the market were 68, a 2.9% increase in market time from the same period last year.

Currently there are 562 active homes for sale in Mooresville, down 12.2% from October. The average list price is $613,054 up .6% from the October average list price of $609,133. 262 Mooresville homes are currently under contract, down 7.4% from October. Based on these numbers, just over 3.3 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 October 2017 10 condos/townhomes sold in the Mooresville real estate market, a 9.1% decrease from the 11 Mooresville condos and townhomes sold in September. October 2017 sales figures decreased 9.1% from October 2016 when 11 Mooresville condos sold.

The average sales price decreased 20.8% from $213,620 in September to $169,218 in October. The October 2017 average sales price decreased 8.3% from the October 2016 average sales price which was $187,913.

Average days on the market increased 0% from 44 days in September to 44 days on the market in October. The October 2016 average days on the market were 23, a 91.3% increase in market time.

Currently there are 21 active condos for sale in Mooresville, a 8.7% decrease from the 23 active Mooresville condos for sale in October. The average list price is $272,222, up 18.2% from October’s average list price of $230,400. 18 Mooresville condos/townhomes are currently under contract, a 42% decrease from October. Based on these numbers, just over 2 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 October 2017 12 lots sold in the Mooresville real estate market, a 40% decrease from the 20 Mooresville lots sold in September. October 2017 sales figures increased 71.4% from October 2016 when 7 Mooresville lots sold.

The average sales price decreased 25.4% from $202,812 in September to $271,989 in October. The October 2017 average sales price increased 27.8% from the October 2016 average sales price which was $158,642.

Average days on the market decreased 47.5% from 141 in September to 74 days on the market in October. The October 2016 average days on the market were 267, a 72.3% decrease in market time versus the same time period last year.

Currently there are 267 active Mooresville lots for sale in the MLS, a 6.4% increase in inventory from October. The average list price is $433,771, down 4.5% from October’s average list price of $454,242. 23 Mooresville lots are currently under contract, a 12% decrease from October. Based on these numbers we have 22 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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