Maurice Barnes' Market Report

Mooresville, NC

Single-Family Homes

Keller Williams Realty | 704-610-4112 | maurice.barnes@kw.com



Mooresville, NC

Sat Mar 02 2024
This week the median list price for Mooresville, NC is $545,258 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has decreased to 195. Click here to stay informed with the Mooresville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Mooresville, NC

Sat Mar 02 2024
This week the median list price for Mooresville, NC is $545,258 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has decreased to 195. Click here to stay informed with the Mooresville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Mooresville market.
Median List Price $545,258
Median Price of New Listings $775,000
Per Square Foot $222
Average Days on Market 89
Median Days on Market 63
Price Decreased 37%
Price Increased 9%
Relisted 5%
Inventory 195
Median Rent
Market Action 42
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,825,000 4,946 1 - 2.5 acres 4 4.5 18 7 4 80
$689,400 3,374 0.5 - 1 acre 4 3.5 9 9 6 91
$479,000 2,519 8,000 - 10,000 sqft 4 2.5 6 10 9 35
$350,000 1,631 0.25 - 0.5 acre 3 2 29 1 7 70