Maurice Barnes' Market Report

Mooresville, NC

Single-Family Homes

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



Mooresville, NC

Sun Oct 06 2024
This week the median list price for Mooresville, NC is $599,900 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has increased to 357. 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

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Mooresville, NC

Sun Oct 06 2024
This week the median list price for Mooresville, NC is $599,900 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has increased to 357. 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

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Mooresville market.
Median List Price $599,900
Median Price of New Listings $446,000
Per Square Foot $224
Average Days on Market 74
Median Days on Market 49
Price Decreased 49%
Price Increased 3%
Relisted 5%
Inventory 357
Median Rent
Market Action 37
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
$1,849,000 4,633 0.5 - 1 acre 4 4.5 19 4 5 70
$720,000 3,324 0.5 - 1 acre 4 3.5 11 5 5 49
$525,000 2,599 8,000 - 10,000 sqft 4 2.5 5 5 5 49
$386,272 1,837 8,000 - 10,000 sqft 3 2.5 14 14 16 35