Today’s View – August 17, 2017 – Monrovia, Md. 21770
This is a market report on existing detached homes in Monrovia, Md. 21770. At the time of this report (8/17/17) there are 17 such homes on the market FOR SALE, another 12 under contract, and 6 that have sold in the last 30 days. The absorption rate (Active/Sold in 30 days) is 2.83, a seller market.
While the lot sizes range from .13 acres to 9.05 acres, the median lot size is 1.18 acres. Of the 35 homes talked about in this report, while 9 have no garage space, and 20 come with 2 car garage spaces.
Two Bedrooms
There is at the time of this report no two-bedroom detached homes are on the market for sale in Monrovia. These homes are currently listed for $199,999 and is new to the market (1 day), with the other being currently listed for $279,000 having been on the market for 2.5 months (74 days).
There are 2 two-bedroom detached homes in Monrovia currently under some form of contract. The last known list price of these is $199,999 having been on the market for approaching 2 weeks (10 days) and the other being $279,000 having been on the market for approaching 3 months (85 days).
There are no two-bedroom detached homes under contract and none that have successfully completed the sale process in the last 30 days.
Three Bedrooms
There are 5 three-bedroom existing detached homes in this area on the market for sale. The current list price of these ranges from a low of $264,900 to 579,900 with the median being $340,000. The days on market for these homes ranges from 3 weeks (21 day) to 5 months (163.5 days) with the median being 2 months (59 days).
There are 5 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 $275,000 to $522,000 with the median being $340,000. The days on market for these homes ranges from approaching 1 week (3 days) to 4 month (117 days) with the median being 1 week (9 days).
In the last 30 days, 2 three-bedroom existing detached home in Monrovia has successfully completed the sales process. These sold for $469,000 after being on the market for approaching 2 weeks (12days) and $479,000 after being on the market for approaching 1 week (4 days).
Four Bedrooms
There are 7 four-bedroom existing detached homes in this area on the market for sale. The current list price of these ranges from a low of $324,000 to $599,000 with the median being $439,000. The days on market for these homes ranges from 2 week (13 days) to approaching 4.5 months (131 days) with the median being 1 month (34 days).
There are 3 four-bedroom existing detached homes in this area under some form of contract. The last known list price of these homes ranges from a low of $339,900 to $524,800 with the median being $449,000. The days on market for these homes ranges from approaching 1 week (4 days) to 1.5 months (46 days) with the median approaching 2 weeks (12 days).
In the last 30 days, 4 four-bedroom existing detached home in Monrovia has successfully completed the sales process. These sold for between $321,000 and $551,573, with for median being $380,500. The days on market ranged from new to the market (1 day) to 1 week (8 days), with the median being 1 week (5 days).
Five Bedrooms
There are 4 five-bedroom existing detached homes in this area on the market for sale. The current list price of these ranges from a low of $310,000 to $659,900 with the median being $350,950. The days on market for these homes ranges from 3 weeks (21 days ) to approaching 4 months (108 days) with the median being 1.5 months (48 days).
There are 2 five-bedroom existing detached homes in this area under some form of contract. The last known list prices of these homes being $399,900 after being on the market for 2 months (62 days) and $460,000 after being on the market for 2 months (79 days).
In the last 30 days, no five-bedroom existing detached homes have successfully completed the sales process.
Six Bedrooms
There is at the time of this report 1 six-bedroom detached home on the market for sale. This home is currently listed for $750,000 having been on the market for approaching 1.5 months (38 days) with the current Realtor.
There are no six-bedroom detached home under any form of contract and none have successful complete the sakes 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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