Mooresville Real Estate Market Update August 2018

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Mooresville Real Estate Market Stats for August 2018

Mooresville Homes

In August 2018 203 homes sold in the Mooresville real estate market, a 8.6% increase from the 187 Mooresville homes sold in July 2018. August 2018 sales figures increased 9.7% from August 2017 when 185 homes sold in the Mooresville real estate market.

The average sales price increased 3.4% from $405,553 in July to $419,703 in August. The August 2018 average sales price increased 6.4% from the August 2017 average sales price which was $394,539.

Average days on the market increased 9.7% from 56 days in July to 62 days on the market in August. The August 2017 average days on the market were 67, a 7.5% decrease in market time from the same period last year.

Currently there are 562 active homes for sale in Mooresville, up .4% from August. The average list price of active homes is $610,103 down 2.5% from the August average list price of $625,611. 269 Mooresville homes are currently under contract, down 5.6% from August. Based on these numbers, just over 2.7 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 August 2018 19 condos/townhomes sold in the Mooresville real estate market, a 17.4% decrease from the 23 Mooresville condos and townhomes sold in July 2018. August 2018 sales figures increased 58.3% from August 2017 when 12 Mooresville condos sold.

The average sales price decreased 9.4% from $244,613 in July to $221,719 in August. The August 2018 average sales price increased 28.2% from the August 2017 average sales price which was $172,917.

Average days on the market increased 147% from 15 days in July to 37 days on the market in August. The August 2017 average days on the market were 25, a 48% increase in market time from one year ago.

Currently there are 34 active condos for sale in Mooresville, a 17% decrease from the 41 active Mooresville condos for sale in August. The average list price of active listings is $284,162, down .7% from August’s average list price of $286,051. 43 Mooresville condos/townhomes are currently under contract, a 2.3% decrease from August. Based on these numbers, just 1.8 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 August 2018 11 lots sold in the Mooresville real estate market, a 15.4% decrease from the 13 Mooresville lots sold in July 2018. August 2018 sales figures decreased 38.9% from August 2017 when 18 Mooresville lots sold.

The average sales price decreased 29.7% from $164,533 in July to $115,700 in August. The August 2018 average sales price decreased 9.1% from the August 2017 average sales price which was $127,275.

Average days on the market increased 4.8% from 104 in July to 109 days on the market in August. The August 2017 average days on the market were 149, a 26.8% decrease in market time versus the same time period last year.

Currently there are 236 active Mooresville lots for sale in the MLS, a 4.8% decrease in inventory from August. The average list price of active listings is $486,879, down .2% from August’s average list price of $487,799. 42 Mooresville lots are currently under contract, a 13.5% increase from August. Based on these numbers we have 21.5 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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