Mooresville Real Estate Market Update December 2018

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Mooresville Real Estate Market Stats for December 2018

Mooresville Homes

In December 2018 117 homes sold in the Mooresville real estate market, an 12.7% decrease from the 134 Mooresville homes sold in November 2018. December 2018 sales figures decreased 29% from December 2017 when 165 homes sold in the Mooresville real estate market.

The average sales price decreased .8% from $421,454 in November to $418,091 in December. The December 2018 average sales price decreased 7.6% from the December 2017 average sales price which was $388,437.

Average days on the market increased 3.2% from 63 days in November to 65 days on the market in December. The December 2017 average days on the market were 75, a 13.3% decrease in market time from the same period last year.

Currently there are 530 active homes for sale in Mooresville, down 3.3% from December. The average list price of active homes is $577,068 down .2% from the December average list price of $577,986. There are 247 Mooresville homes currently under contract, up 18.2% from December. Based on these numbers, just over 4.5 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 December 2018 18 condos/townhomes sold in the Mooresville real estate market, a 5.3% decrease from the 19 Mooresville condos and townhomes sold in November 2018. December 2018 sales figures increased 28.6% from December 2017 when 14 Mooresville condos sold.

The average sales price decreased 19.4% from $229.333 in November to $184,797 in December. The December 2018 average sales price decreased 9.5% from the December 2017 average sales price which was $204,237.

Average days on the market decreased 39% from 64 days in November to 39 days on the market in December. The December 2017 average days on the market were 57, a 31.6% decrease in market time from one year ago.

Currently there are 30 active condos for sale in Mooresville, a 3.2% decrease from the 31 active Mooresville condos for sale in December. The average list price of active listings is $296,580, up 11.8% from December’s average list price of $265,339. There are 30 Mooresville condos/townhomes currently under contract, a 43% increase from December. Based on these numbers, just over 1.6 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 December 2018 5 lots sold in the Mooresville real estate market, a 61.5% decrease from the 13 Mooresville lots sold in November 2018. December 2018 sales figures increased 0% from December 2017 when 5 Mooresville lots sold.

The average sales price increased 110% from $182,346 in November to $382,500 in December. The December 2018 average sales price increased 40% from the December 2017 average sales price which was $272,980.

Average days on the market decreased 19.3% from 207 in November to 167 days on the market in December. The December 2017 average days on the market were 145, a 15.2% increase in market time versus the same time period last year.

Currently there are 213 active Mooresville lots for sale in the MLS, a 3.2% decrease in inventory from December. The average list price of active listings is $478,189, down 1.3% from December’s average list price of $484,491. 28 Mooresville lots are currently under contract, a 3.4% decrease from December. Based on these numbers we have 43 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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