Mooresville Real Estate Market Update August 2019

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Mooresville Real Estate Market Stats for August 2019

Mooresville Homes

In August 2019 195 homes sold in the Mooresville real estate market, an 8.3% increase from the 180 Mooresville homes sold in July 2019. August 2019 sales figures decreased 8.1% from August 2018 when 211 homes sold in the Mooresville real estate market.

The average sales price decreased by 5.4% from $404,360 in July to $382,720 in August 2019. The August 2019 average sales price decreased 7.7% from the August 2018 average sales price which was $414,836.

Average days on the market decreased by 13% from 62 days in July to 54 days on the market in August 2019. The August 2018 average days on the market were 62, a 13% increase in market time from the same period last year.

Currently, there are 516 active homes for sale in Mooresville, down 6.9% from August. The average list price of active homes is $617,583 down 1.5% from the August average list price of $627,084. There are 339 Mooresville homes currently under contract, up 4% from August. Based on these numbers, just over 2.6 months of inventory, we are currently in a seller’s market in the Mooresville housing market.

It is still 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 2019 21 condos/townhomes sold in the Mooresville real estate market, a 16.7% increase from the 18 Mooresville condos and townhomes sold in July 2019. August 2019 sales figures increased 10.5% from August 2018 when 19 Mooresville condos sold.

The average sales price increased by 1.5% from $240,215 in July to $243,828 in August 2019. The August 2019 average sales price increased 10% from the August 2018 average sales price which was $221,719.

Average days on the market decreased by 34% from 56 days in July to 37 days on the market in August 2019. The August 2018 average days on the market were 37, a 0% increase in market time from one year ago.

Currently, there are 29 active condos for sale in Mooresville, a 12% decrease from the 33 active Mooresville condos for sale in August. The average list price of active listings is $262,718, up 1.9% from August’s average list price of $257,812. There are 31 Mooresville condos/townhomes currently under contract, a 14.8% increase from August. Based on these numbers, 1.4 months of inventory, we are currently in a seller’s 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 2019 10 lots sold in the Mooresville real estate market, an 25% increase from the 8 Mooresville lots sold in July 2019. August 2019 sales figures decreased 9.1% from August 2018 when 11 Mooresville lots sold.

The average sales price increased by 24.7% from $119,625 in July 2018 to $149,130 in August 2019. The August 2019 average sales price increased 28.9% from the August 2018 average sales price which was $115,700.

Average days on the market decreased by .8% from 130 in July 2019 to 129 days on the market in August 2019. The August 2018 average days on the market were 109, an 18.3% increase in market time versus the same time period last year.

Currently, there are 250 active Mooresville lots for sale in the MLS, a 7% decrease in inventory from August. The average list price of active listings is $436,708, down .8% from August’s average list price of $440,027. 51 Mooresville lots are currently under contract, a 10.9% increase from August. Based on these numbers we have 25 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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