Today’s View – Jan. 17, 2016 – Monrovia, Md. 21770
This is a market report on existing detached homes in Monrovia, Md. 21770. At the time of this report (1/17/2016) there are 14 such homes on the market FOR SALE, another 9 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.
While the lot sizes range from .46 acres to 7.01 acres, the median lot size is 1.16 acres. Of the 27 homes, while 10 have no garage space 10 come with 2 car garage spaces,
Two Bedrooms
There is 1 two-bedroom existing detached home in Monrovia on the market for sale at this time. This home is currently listed for $174,900 and has been on the market approaching 1.5 months (39 days). There are no two-bedroom existing detached homes in Monrovia under any form of contract and none that has successfully completed the sales process in the last 30 days.
Three Bedrooms
There are 7 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 $269,900. The days on market for these homes ranges from 1 week (5 days) to approaching 8 months (234 days) with the median being 1.5 months (47 days).
There are 4 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 $189,900 to $499,900, with the median being $327,500. The days on market for these homes ranges from 1 month (33 days) to over 6 months (186 days) with the median being 4 month (123 days).
In the last 30 days, 2 three-bedroom existing detached home in Monrovia has successfully completed the sales process. One home sold for $169,000 after being n the market for 9 days, while the other sold for $385,000 after being on the market for 11 days.
Four Bedrooms
There are 4 four-bedroom existing detached homes in this area on the market for sale. These homes range in price from a low of $425,000 to $1,150,000, with the median being $642,000. The days on market for these homes ranges from 3 months (90 days) to 10 months (300 days) with the median approaching 7 months (204 days).
There are 3 four-bedroom existing detached homes in this area under some form of contract. The last known list price of these ranges from a low of $228,000 to $399,900, with the median being $304,900. The days on market for these homes ranges from over 3 weeks (26 days) to over 7 months (213 days) with the median being 5 months (157 days).
In the last 30 days, 2 three-bedroom existing detached home in Monrovia has successfully completed the sales process. One home sold for $324,000 after being n the market for 1 week (7 days), while the other sold for $330,000 after being on the market for over 3 weeks (24 days2.
Five Bedrooms
There are 2 five-bedroom existing detached home in this area on the market for sale at this time. One home is currently listed for $390,000 having been on the market for 4.5 months (136 days), while the other is listed for $539,900 has been on the market for 3.5 months (105 days).
There are 2 five-bedroom existing detached home in this area under some form of contract. The last know list price of one home is $230,000 having been on the market approaching 6 months (172 days), while the other was listed for $350,000 having been on the market for over a month (36 days).
No five-bedroom existing detached home has successfully completed the sales process in the last 30 days in Monrovia.
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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