Mooresville, North Carolina, is a vibrant town located in the southwestern section of Iredell County, just 25 miles north of Charlotte, within the fast-growing Charlotte metropolitan area. With a population of 50,193 as per the 2020 census, it stands as the most populous municipality in Iredell County. Known affectionately as "Race City USA," Mooresville is a hub for NASCAR and IndyCar racing, hosting numerous racing teams, drivers, and technology suppliers. The town's economy is bolstered by the presence of major corporations like Lowe's, whose headquarters is located here, along with the Universal Technical Institute's NASCAR Technical Institute. Mooresville also boasts a rich history, having been settled by families from English, German, and Scots-Irish backgrounds. The town offers a blend of modern conveniences with historical charm, featuring parks, museums like the Memory Lane Motorsports and Historical Automotive Museum, and the North Carolina Auto Racing Hall of Fame. Its strategic location near Lake Norman provides residents and visitors with ample recreational opportunities, including boating and fishing, making Mooresville not only a center for racing enthusiasts but also an attractive place for families and outdoor lovers.
Mooresville currently has 482 single family homes for sale with an average list price of $899,063, 50 townhouses for sale with an average list price of $376,294, 5 condos for sale with an average list price of $339,180, and 121 lots for sale with an average list price of $739,794.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Mooresville, i.e. what's hot and what's not.
See What's Hot & What's Not in MooresvilleMooresville home sales for the month of January rose in volume by 31.4% when compared to last year, while the median sale price decreased by 2.1% from $480,000 to $470,000. House sales rose by 26.6%, while the median sale price rose by 1.1% from $494,319 to $500,000. Condo sales rose by 66.7%, while the median sale price rose by 18.9% from $265,000 to $315,000. Townhouse sales rose by 100%, while the median sale price decreased by 12.4% from $315,000 to $276,000.
2486
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1777
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1450
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1457
|
2021 | 2022 | 2023 | 2024 |
# of sales per year |
$380,000
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$465,000
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$475,000
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$495,000
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2021 | 2022 | 2023 | 2024 |
median sale price per year |
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