Mooresville Real Estate Market Update September 2018

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Mooresville Real Estate Market Stats for August 2018

Mooresville Homes

In September 2018 151 homes sold in the Mooresville real estate market, a 26.7% decrease from the 206 Mooresville homes sold in August 2018. September 2018 sales figures decreased 18.4% from September 2017 when 185 homes sold in the Mooresville real estate market.

The average sales price decreased 8.9% from $419,703 in August to $382,386 in September. The September 2018 average sales price decreased 10.5% from the September 2017 average sales price which was $427,380.

Average days on the market decreased 8.1% from 62 days in August to 57 days on the market in September. The September 2017 average days on the market were 56, a 1.8% increase in market time from the same period last year.

Currently there are 568 active homes for sale in Mooresville, up 1.1% from September. The average list price of active homes is $604,713 down .9% from the September average list price of $610,103. There are 262 Mooresville homes currently under contract, down 2.6% from September. Based on these numbers, just over 3.8 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 September 2018 18 condos/townhomes sold in the Mooresville real estate market, a 5.3% decrease from the 19 Mooresville condos and townhomes sold August 2018. September 2018 sales figures increased 50% from September 2017 when 12 Mooresville condos sold.

The average sales price decreased 9.6% from $221,719 in August to $200,427 in September. The September 2018 average sales price decreased 8% from the September 2017 average sales price which was $217,873.

Average days on the market decreased 8.1% from 37 days in August to 34 days on the market in September. The September 2017 average days on the market were 40, a 15% decrease in market time from one year ago.

Currently there are 31 active condos for sale in Mooresville, an 8.8% decrease from the 34 active Mooresville condos for sale in September. The average list price of active listings is $286,328, up .8% from September’s average list price of $284,162. There are 42 Mooresville condos/townhomes currently under contract, a 2.3% decrease from September. Based on these numbers, just 1.7 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 September 2018 12 lots sold in the Mooresville real estate market, a 9.1% increase from the 11 Mooresville lots sold in August 2018. September 2018 sales figures decreased 45.5% from September 2017 when 22 Mooresville lots sold.

The average sales price increased 5.5% from $115,700 in August to $121,734 in September. The September 2018 average sales price decreased 54% from the September 2017 average sales price which was $264,890.

September Average days on the market increased 4.6% from 109 in August to 114 days on the market in September. The September 2017 average days on the market were 175, a 34.9% decrease in market time versus the same time period last year.

Currently there are 233 active Mooresville lots for sale in the MLS, a 1.3% decrease in inventory from September. The average list price of active listings is $485,606, down .3% from September’s average list price of $486,879. 41 Mooresville lots are currently under contract, a 2.4% decrease from September. Based on these numbers we have 19.4 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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