Today's View - Nov. 4, 2017 - Monrovia, Md. detached homes

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Real Estate Agent with Weichert Realtor - New Colony MD581725

Today’s View – November 4, 2017Monrovia, Md. 21770

This is a market report on existing detached homes in Monrovia, Md. 21770.  At the time of this report (11/4/17) there are 14 such homes on the market FOR SALE, another 5 under contract, and 17 that have sold in the last 30 days.   The absorption rate (Active/Sold in 30 days) is 2.0, a seller market.

While the lot sizes range from .46 acres to 9.05 acres, the median lot size is 1.32 acres.  Of the 28 homes talked about in this report, while 5 have no garage space,  13 come with 2 car garage spaces, and 1 comes with a 6 car garage

 

Three Bedrooms

There are 4 three-bedroom existing detached homes in this area on the market for sale. The current list price of these ranges from a low of $244,900 to $549,900 with the median being $374,450.  The days on market for these homes ranges from new to the market (1 day) to 7 months (211 days) with the median being 2 weeks (15 days).

There are 2 three-bedroom existing detached homes in this area under some form of contract at this time. The last known list price of  both these homes being $449,000 and the days on market being near the same at 2 months (54 and 63 days).

In the last 30 days, 4 three-bedroom existing detached home in Monrovia have successfully completed the sales process.  These sold for between $319,000 and $388,000, with the median being $335,500.  The days on market ranged from 1 week (9 days) to 1.5 months (47 days), with the median being 2 weeks (16 days).

 

Four Bedrooms

There are 6 four-bedroom existing detached homes in this area on the market for sale. The current list price of these ranges from a low of $399,900 to $550,000 with the median being $507,000.  The days on market for these homes ranges from new to the market (1 day) to 3 months (92 days) with the median approaching 2 months (52 days).

There are 2 four-bedroom existing detached homes in this area under some form of contract at the time of this report.   The last known list price of these homes being $454,900 after being on the market for approaching 3 weeks(17 days) and $475,000 after being on the market for approaching 3 weeks (18 days) as well.

In the last 30 days, 3 four-bedroom existing detached home in Monrovia have successfully completed the sales process.  These sold for between $324,900 and $495,000 with the median being $410,000. The days on market for these homes ranges from 1.5 months (46 days) to approaching 5 months (141 days) with the median being 2 months (60 days).

 

Five Bedrooms

There are 4 five-bedroom existing detached homes in this area on the market for sale at the time of this report. The current list price of these ranges from a low of $399,900 to $759,999, with the median being $699,943. The days on market for these homes ranges from 1 week (9 days) to 4.5 months (136 days) with the median being 3 months (87 days).

There is 1 five-bedroom existing detached homes in this area under some form of contract. The last known list price of this home is $289,900 and was on the market for 2 months (62 days).

In the last 30 days, no five-bedroom existing detached homes has successfully completed the sales process in Monrovia

 

Six Bedrooms

While there are six bedroom detached homes in Monrovia, there a none on the market, none under any form of contract, and none that have successfully completed the sale 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.

Posted by

Robert J. Force
Weichert Realtors - New Colony
141 S Main Street #202             
Mount Airy, Md. 21771 

            
(301) 237-2277  (c)
(301) 703-8605  (O)
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Hope this was of some value to you.

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May this FORCE be with you

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nov 2017

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