Mooresville Real Estate Market Update January 2019

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Mooresville Real Estate Market Stats for January 2019

Mooresville Homes

In January 2019 93 homes sold in the Mooresville real estate market, a 21.2% decrease from the 118 Mooresville homes sold in December 2018. January 2019 sales figures decreased 6.1% from January 2018 when 99 homes sold in the Mooresville real estate market.

The average sales price decreased 2.2% from $417,057 in December to $407,908 in January 2019. The January 2019 average sales price increased 1.9% from the January 2018 average sales price which was $400,387.

Average days on the market decreased 3.1% from 64 days in December to 62 days on the market in January 2019. The January 2018 average days on the market were 82, a 24.4% decrease in market time from the same period last year.

Currently there are 547 active homes for sale in Mooresville, up 3.2% from January. The average list price of active homes is $595,412 up 3.2% from the January average list price of $577,068. There are 317 Mooresville homes currently under contract, up 28.3% from January. Based on these numbers, just over 5.8 months of inventory, we are currently in a balanced market in the Mooresville real estate 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 January 2019 7 condos/townhomes sold in the Mooresville real estate market, a 61.1% decrease from the 18 Mooresville condos and townhomes sold in December 2018. January 2019 sales figures decreased 56.3% from January 2018 when 16 Mooresville condos sold.

The average sales price increased 9.7% from $184,797 in December to $202,719 in January 2019. The January 2019 average sales price increased .4% from the January 2018 average sales price which was $201,813.

Average days on the market increased 36% from 39 days in December to 53 days on the market in January 2019. The January 2018 average days on the market were 50, a 6% increase in market time from one year ago.

Currently there are 30 active condos for sale in Mooresville, a 0% decrease from the 30 active Mooresville condos for sale in January. The average list price of active listings is $297,903, up .4% from January’s average list price of $296,580. There are 42 Mooresville condos/townhomes currently under contract, a 40% increase from January. Based on these numbers, just over 4.2 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 January 2019 7 lots sold in the Mooresville real estate market, a 40% increase from the 5 Mooresville lots sold in December 2018. January 2019 sales figures decreased 12.5% from January 2018 when 8 Mooresville lots sold.

The average sales price increased 60% from $382,500 in December 2018 to $611,000 in January 2019. The January 2019 average sales price increased 272% from the January 2018 average sales price which was $164,063.

Average days on the market decreased 59% from 167 in December 2018 to 68 days on the market in January 2019. The January 2018 average days on the market were 255, a 73.3% decrease in market time versus the same time period last year.

Currently there are 214 active Mooresville lots for sale in the MLS, a .5% increase in inventory from January. The average list price of active listings is $482,742, up 1% from January’s average list price of $478,189. 39 Mooresville lots are currently under contract, a 39.3% increase from January. Based on these numbers we have 30.5 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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