Today’s View – April 17 , 2016 – Monrovia, Md. 21770
This is a market report on existing detached homes in Monrovia, Md. 21770. At the time of this report (4/17/2016) there are 7 such homes on the market FOR SALE, another 12 under contract, and 1 that have sold in the last 30 days. That give us an absorption rate (active/30 day sale) of 7, what is considered to be a buyer’s market.
While the lot sizes range from .47 acres to 7.01 acres, the median lot size is 1.49 acres. Of the 20 homes, while 8 have no garage space 7 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 $159,800 and has been on the market approaching 4.5 months (130 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 3 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 $394,000. The days on market for these homes ranges from approaching a month (26 days) to 4.5 months (138 days) with the median being 4.5 months (137 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 $210,000 to $394,000 with the median being $272,450. The days on market for these homes ranges from new to the market (3 days) to approaching 3 months (90 days) with the median being 1 month (32 days).
In the last 30 days, no three-bedroom existing detached home in Monrovia has successfully completed the sales process.
Four Bedrooms
There are 2 four-bedroom existing detached homes in this area on the market for sale. These homes range in price from a low of $350,000 being on the market for approaching 1 week (4 days) and the other currently listed for $529,900 having been on the market for 2 months (57 days).
There are 5 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 $379,900 to $1,150,000, with the median being $639,900. The days on market for these homes ranges from 2 weeks (2 days) to being 12.5 months (376 days) with the median being 3.5 months (108 days).
In the last 30 days, n1 four-bedroom existing detached home in Monrovia has successfully completed the sales process. This home sold for $430,000 after being on the market for 6.5 months (196 days).
Five Bedrooms
There are no five-bedroom existing detached home in this area on the market for sale at this time.
There is 1 five-bedroom existing detached homes in this area under some form of contract. The last known list price of these ranges from home is $524,900 and was on the market for approaching 5.5 months (168 days).
In the last 30 days, no five-bedroom existing detached homes has successfully completed the sales process.
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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