Maurice Barnes' Market Report

Mooresville, NC

Single-Family Homes

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



Mooresville, NC

Sun Jul 14 2024
This week the median list price for Mooresville, NC is $621,500 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has increased to 276. 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

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Mooresville, NC

Sun Jul 14 2024
This week the median list price for Mooresville, NC is $621,500 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has increased to 276. 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

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Mooresville market.
Median List Price $621,500
Median Price of New Listings $655,000
Per Square Foot $229
Average Days on Market 68
Median Days on Market 42
Price Decreased 44%
Price Increased 7%
Relisted 5%
Inventory 276
Median Rent
Market Action 40
Slight Seller's Advantage

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$1,875,000 4,340 1 - 2.5 acres 4 4.5 20 6 8 42
$775,000 3,275 0.5 - 1 acre 4 3.5 18 12 10 35
$542,000 2,591 6,500 - 8,000 sqft 4 3 5 8 9 49
$398,600 1,865 8,000 - 10,000 sqft 3 2.5 18 9 10 35