Today’s View – August 25, 2015 – Monrovia, Md. 21770
This is a market report on existing detached homes in Monrovia, Md. 21770. At the time of this report (08/05/2015) there are 21 such homes on the market FOR SALE, another 13 under contract, and 5that have sold in the last 30 days. That give us an absorption rate (active/30 day sale) of 4.2, what is considered to be a normal market.
Three Bedrooms
There are 10 three-bedroom existing detached homes in this area on the market for sale. These homes range in price from a low of $199,000 to $525,000, with the median being $312,500. The days on market for these homes ranges from a week (6 days) to 5 months (150 days) with the median being just over a 1.5 month (44 days).
There are 7 three-bedroom existing detached homes in this area under some form of contract. The last known list price of these ranges from a low of $224,900 to $385,000, with the median being $349,500. The days on market for these homes ranges from a week (5 days) to approaching 11.5 months (341 days) with the median being 3 weeks (23 days).
Three three-bedroom existing detached home in Monrovia have successfully completed the sales process in the last 30 days. These homes sold for between $271,000 and $360,000. The days on market ranged for a week (7 days) to 1.5 months (49 days), with the median being 3 weeks (22 days).
Four Bedrooms
There are 19 four-bedroom existing detached homes in this area on the market for sale. These homes range in price from a low of $185,000 to $1,250,000, with the median being $434,900. The days on market for these homes ranges from over a week (10 days) to over 5 months (155 days) with the median being over 3 months (95 days).
There are 6 four-bedroom existing detached home in this area under some form of contract. The last known list prices of these homes ranged from $249,900 to $539,900, with the median being $437,450 The days on market ranged from less than a week (5 days) to approaching 3.5 months (100 days), with the median approaching 3 months (81 days).
Two four-bedroom existing detached home in Monrovia have successfully completed the sales process in the last 30 days. These homes sold for $415,000 after being on the market for a week (7 days) and $486,00 after being on the market for over 1 month (34days).
Five Bedrooms
There are 2 five-bedroom existing detached home in this area on the market for sale at this time. These homes are currently listed for $229,900 having been on the market for over 3 months (97 days), while the other is listed for $549,900 and has been on the market for approaching a month (25 days).
There are no 5 five-bedroom existing detached homes in this area under some form of contract at this time. No five-bedroom existing detached home has successfully completed the sales process in the last 30 days.
If you have any questions about this report, please call me or send me an email. I look forward to helping you with your real estate needs.
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