Today’s View – July 13, 2013 – Monrovia, Md. 21770 – Detached Homes

Today’s View – July 13, 2013 – Monrovia, Md. 21770 – Detached Homes

This is a market report for detached homes in Monrovia, Md.21770.  At the time of this report (07/13/13) there are 9 such homes on the market FOR SALE, six are under contract, and another 10 that have sold in the last 30 days.  The Absorption Rate (active/sold) is less than a month, clearly a seller market.

Two Bedrooms

There is 1 two-bedroom home in Monrovia on the market for sale at this time.  This home is currently listed for $349,900 and has been on the market for slightly over three weeks (24 days).  There are no two-bedroom homes either under contract or sold in the last 30 days in Monrovia.

Three Bedrooms

There are currently 2 three-bedroom homes for sale in Monrovia. These homes are listed for $299,750 and $420,000.  The days on market for these homes ranges from over two months (67 days) to over four months (130 days).

There are 3 three-bedroom detached homes in this market place that are now under some form of contract.  The last known list price of these homes ranged from $225,000 to $299,000, with the median being $259,000.  The days on market for these homes ranged from just over a week (8 days) to a month (31 days) with the median approaching three weeks (18 days).

In the last 30 days, 4 three-bedroom detached homes in this market place have successfully completed the sales process. The closing price of these homes ranged from a low of $317,500 to $700,000, with the median being $404,450.  The days on market for these homes ranged from three days to nearly three months (84 days), with the median being two weeks (14 days).

Four Bedrooms

There are also 3 four-bedroom detached homes in Monrovia for sale. These homes range in price from a low of $369,900 to $599,000, with the median being $569,000.  The days on market for these homes ranges from less than two weeks (11 days) to nearly 10 months (281 days), with the median being just over a month (34 days).

There is 1 four-bedroom detached home in this market place that is now under some form of contract.  The last known list price of this home is $375,000.  This home has been on the market for just over three weeks (22 days),

In the last 30 days, 3 four-bedroom detached homes in this market place have successfully completed the sales process. The closing price of these homes from a low of $339,900 to $415,000, with the median being $365,000.  The days on market for these homes ranged from nearly a week (6 days)  to over a month (36 days), with the median being nearly 3 weeks (20 days).

Five Bedrooms

There are 3 five-bedroom homes for sale in Monrovia. These homes range in price from a low of $400,000 to $474,900, with the median being $425,000.  The days on market for these homes ranges from nearly a month (28 days) to over 2 months (68 days), with the median being over a month (33 days).

There is 1 five-bedroom home in Monrovia under contact at this time.  The last known list price of this home is $350,000 and has been on the market for approaching 2.5 months (72 days).

In the last 30 days, 2 five-bedroom detached home successfully completed the sales process.  These homes sold for $370,000 and $460,000.  The days on market were in one case a week (8 days) and the other was over a month and a half (49 days).

Six Bedrooms

There are no six-bedroom detached homes for sale in Monrovia at this time.  One six-bedroom detached home is under contract the last known list price is $440,000, and it was on the market for nearly 4 months (114 days).  In the last 30 days, one six-bedroom home has successfully completed the sales process.  This home sold for $464,000 after being on the market for over 7 months (229 days).

If you have any questions about this report, here is a way to ask me. I look forward to helping you with your real estate needs.