Mooresville Real Estate Market Update May 2019

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Mooresville Real Estate Market Stats for May 2019

Mooresville Homes

In May 2019 201 homes sold in the Mooresville real estate market, a 4.7% increase from the 192 Mooresville homes sold in April 2019. May 2019 sales figures increased 10.4% from May 2018 when 182 homes sold in the Mooresville real estate market.

The average sales price decreased by 1.7% from $433,422 in April to $425,934 in May 2019. The May 2019 average sales price decreased 5.7% from the May 2018 average sales price which was $451,580.

Average days on the market increased by 0% from 73 days in April to 73 days on the market in May 2019. The May 2018 average days on the market were 67, a 10.4% increase in market time from the same period last year.

Currently, there are 560 active homes for sale in Mooresville, up 4.3% from May. The average list price of active homes is $634,012 down 2.9% from the May average list price of $653,059. There are 341 Mooresville homes currently under contract, down 8.8% from May. Based on these numbers, just over 2.7 months of inventory, we are currently in a seller’s 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 May 2019 18 condos/townhomes sold in the Mooresville real estate market, a 41.9% decrease from the 31 Mooresville condos and townhomes sold in April 2019. May 2019 sales figures increased 5.9% from May 2018 when 17 Mooresville condos sold.

The average sales price decreased by 20.4% from $237,658 in April to $189,101 in May 2019. The May 2019 average sales price decreased 1.5% from the May 2018 average sales price which was $191,898.

Average days on the market decreased 46% from 50 days in April to 27 days on the market in May 2019. The May 2018 average days on the market were 21, a 28.6% increase in market time from one year ago.

Currently, there are 37 active condos for sale in Mooresville, a 42.3% increase from the 26 active Mooresville condos for sale in May. The average list price of active listings is $277,682, down 7.9% from May’s average list price of $301,569. There are 31 Mooresville condos/townhomes currently under contract, a 24% increase from May. Based on these numbers, just over 2 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 May 2019 14 lots sold in the Mooresville real estate market, an 17.6% decrease from the 17 Mooresville lots sold in April 2019. May 2019 sales figures decreased 26.3% from May 2018 when 19 Mooresville lots sold.

The average sales price decreased by 35.6% from $165,777 in April 2018 to $101,808 in May 2019. The May 2019 average sales price decreased 51.9% from the May 2018 average sales price which was $211,621.

Average days on the market decreased by 26.7% from 217 in April 2019 to 159 days on the market in May 2019. The May 2018 average days on the market were 201, a 20.9% decrease in market time versus the same time period last year.

Currently, there are 285 active Mooresville lots for sale in the MLS, a 1.1% increase in inventory from May. The average list price of active listings is $438,677, down 10.2% from May’s average list price of $488,458. 31 Mooresville lots are currently under contract, a 16% decrease from May. Based on these numbers we have 20.4 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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