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Mooresville Real Estate Market Report

Mooresville Real Estate Market Update May 2018

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Mooresville Real Estate Market Stats for May 2018

Mooresville Homes

In May 2018 180 homes sold in the Mooresville real estate market, a 33% increase from the 135 Mooresville homes sold in April 2018. May 2018 sales figures increased 18.4% from May 2017 when 152 homes sold in the Mooresville real estate market.

The average sales price increased 7% from $423,088 in April to $452,620 in May. The May 2018 average sales price increased 22.4% from the May 2017 average sales price which was $369,905.

Average days on the market decreased 5.6% from 71 days in April to 67 days on the market in May. The May 2017 average days on the market were 68, a 1.5% decrease in market time from the same period last year.

Currently there are 603 active homes for sale in Mooresville, up 4.9% from May. The average list price is $598,477 down 4.4% from the May average list price of $626,245. 306 Mooresville homes are currently under contract, down 8.7% from May. 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 May 2018 17 condos/townhomes sold in the Mooresville real estate market, a 13% increase from the 15 Mooresville condos and townhomes sold in April 2018. May 2018 sales figures increased 6.3% from May 2017 when 16 Mooresville condos sold.

The average sales price increased 8.1% from $177,498 in April to $191,898 in May. The May 2018 average sales price increased 1.3% from the May 2017 average sales price which was $189,414.

Average days on the market increased 31.3% from 16 days in April to 21 days on the market in May. The May 2017 average days on the market were 75, a 72% decrease in market time.

Currently there are 44 active condos for sale in Mooresville, a 47% increase from the 30 active Mooresville condos for sale in May. The average list price is $290,703, up 7.6% from May’s average list price of $270,084. 43 Mooresville condos/townhomes are currently under contract, a 5% increase from May. Based on these numbers, just 2.6 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 May 2018 17 lots sold in the Mooresville real estate market, a 26% decrease from the 23 Mooresville lots sold in April 2018. May 2018 sales figures increased 70% from May 2017 when 10 Mooresville lots sold.

The average sales price increased 75% from $131,560 in April to $229,917 in May. The May 2018 average sales price decreased 20% from the May 2017 average sales price which was $288,730.

Average days on the market decreased 26% from 281 in April to 209 days on the market in May. The May 2017 average days on the market were 206, a 1.5% increase in market time versus the same time period last year.

Currently there are 257 active Mooresville lots for sale in the MLS, a 3% decrease in inventory from May. The average list price is $474,644, up 8.4% from May’s average list price of $437,720. 39 Mooresville lots are currently under contract, a 5% decrease from May. Based on these numbers we have 15.1 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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