Today’s View – Nov 19, 2015 – Monrovia, Md. 21770
This is a market report on existing detached homes in Monrovia, Md. 21770. At the time of this report (11/19/2015) there are 14 such homes on the market FOR SALE, another 12 under contract, and 5 that have sold in the last 30 days. That give us an absorption rate (active/30 day sale) of 2.8, what is considered to be a sellers 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 $199,900 to $499,900, with the median being $267,450. The days on market for these homes ranges from approaching 2 weeks (10 days) to approaching 6 months (175 days) with the median being 3 months (92 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 $169.900 to $459,000, with the median being $300,000. 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 approaching 3.5 month (99 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 $469,900. The days on market for these homes ranges from 1 month (32 days) to 8 months (242 days) with the median being 6 months (182 days).
There are 3 four-bedroom existing detached home in this area under some form of contract. The last known list prices of these homes ranged from $228,00 to $349,000, with the median being $324,000 The days on market ranged from a week (7 days) to 4.5 months (138 days), with the median being 3 weeks (24 days).
Three four-bedroom existing detached home in Monrovia have successfully completed the sales process in the last 30 days. The closing price of these homes ranged from $215,000 to $550,000, with the median baind $270,774. The days on market ranged from a week (6 days) to 4.5 months (140 days), with the median being 2 months (54 days).
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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 know list price of these homes being $219,000 having been on the market approaching 6 months (172 days) and $539,900 having been on the market for approaching 2.5 month (70 days).
No five-bedroom existing detached home has successfully completed the sales process in the last 30 days.
Six Bedrooms
There is 1 six-bedroom existing detached home in this area on the market for sale at this time. This home is currently listed for $649,800 and has been on the marker of 1.5 months (48 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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