Today’s View – Nov 9, 2015 – Monrovia, Md. 21770
This is a market report on existing detached homes in Monrovia, Md. 21770. At the time of this report (11/09/2015) there are 14 such homes on the market FOR SALE, another 12 under contract, and 4 that have sold in the last 30 days. That give us an absorption rate (active/30 day sale) of 3.5, what is considered to be a normal market.
Three Bedrooms
There are 6 three-bedroom existing detached homes in this area on the market for sale. These homes range in price from a low of $264,900 to $499,900, with the median being $327,500. The days on market for these homes ranges from a week (6 days) to 5.5 months (165 days) with the median being 3.5 months (107 days).
There are 6 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 $169.900 to $459,000, with the median being $264,950. The days on market for these homes ranges from over a week (9 days) to approaching 11.5 months (341 days) with the median being 2 month (66 days).
In the last 30 days, 2 three-bedroom existing detached home in Monrovia have successfully completed the sales process. The closing price of these homes ranged from $250,000 after being on the market for 3 weeks (35 days) and $305,000 after being on the market for 2 months (62 days). Both of these homes sold for above the last known list price of the home.
Four Bedrooms
There are 5 four-bedroom existing detached homes in this area on the market for sale. These homes range in price from a low of $319,900 to $1,150,000, with the median being $425,000. The days on market for these homes ranges from 3 weeks (21 days) to approaching 8 months (231 days) with the median approaching 6 months (171 days).
There are 4 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 $469,900, with the median being $298,100 The days on market ranged from a week (7 days) to approaching 5 months (140 days), with the median being 4 month (119 days).
Two four-bedroom existing detached home in Monrovia have successfully completed the sales process in the last 30 days. The closing price of these homes being $215,000 after being on the market for a week (6 days) and $550,000 after being on the market for 2 months (54 days).
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 $400,000 having been on the market for 2 months (67 days) and $539,900 having been on the market for 1 month (36 days).
There are 2 five-bedroom existing detached home in this area under some form of contract. The last known list prices of these homes ranged from $219,900 having been on the market for approaching 6 months (172 days) and $539,900 having been on the market for approaching 2.5 months (70 days).
No five-bedroom existing detached home has successfully completed the sales process in the last 30 days.
Six Bedroom
There is 1 six-bedroom existing detached home in this area on the market for sale at this time. This home is currently lsit for $649,800 and has been on the market for 1 month (37 days).
There are no six-bedroom existing detached homes currently under any form of contact in this area and none that have 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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