Today’s View – November 13, 2020 – Monrovia, Md. 21770
This is a market report on existing detached homes in Monrovia, Md. 21770. At the time of this report (11/13/2020) there are 5 such homes on the market FOR SALE, another 13 that are under contract, and 6 that has sold in the last 30 days. The absorption rate (Active/Sold in 30 days) is .83, considered by many to be a Seller’s market.
While the lot sizes range from .08 acres to 4.47 acres, the median lot size is 1.01 acres. Of the 24 homes covered in this report 15 comes with a 2 car garage.
Of the 5 active homes on the market, 1 were added this last week, of those under contact 2 went under contact last week, and none of the 6 that completed the process the last 30 days did so last week.
Three Bedrooms
There are at this time 1 three-bedroom existing detached home in this area on the market for sale. This home is currently listed for $489,900 and is new to the market (1 day).
There are 4 three-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 ranges from $355,000 to $474,900 with the median being $444,950. The days on market for these homes ranges for 4 days to 9 days, with the median being 4 days.
In the last 30 days, 1 three-bedroom existing detached home in Monrovia has successfully completed the sales process. This homes sold for $424,900 after being on the market for 3 weeks (21 days).
Four Bedrooms
There are 4 four-bedroom existing detached homes in this area on the market for sale. The current list prices of these homes ranges from $479,000 to $700,900, with the median being $694,450. The days on market for these homes ranged from 2 weeks (15 days) to 2.5 months (78 days), with the median being 1 month (28 days).
There are 6 four-bedroom existing detached homes in this area under some form of contract at the time of this report. The last known list prices of these homes ranging from $350,000 to $574,900 with the median being $494,950. The days on market for these homes ranges from new to the market (3 days) to 2 weeks (15 days), with the median being 1 week (5 days).
In the last 30 days, 3 four-bedroom existing detached home in Monrovia have successfully completed the sales process. The sales price of these homes ranged from $455,000 to $974,000 with the median being $470,000. The days on market for these homes ranges from new to the market (3 days) to approaching 2.5 months (72 days), with the median being 1 week (4 days).
Five Bedrooms
There are no five-bedroom existing detached home in Monrovia for sale at the time of this report.
There are 3 five-bedroom existing detached homes in Monrovia currently under some form of contact. The last known list prices of these homes ranging from $459,000 to $809,900 with the median being $650,000. The days on market for these homes ranges from 3 weeks (22 days) to 1 month (30 days), with the median approaching 1 month (26 days).
In the last 30 days, 1 five-bedroom existing detached home successfully completed the sales process. The home sold for $550,000 after being on the market for a single day.
Six Bedrooms
There is no six-bedroom existing detached home in Monrovia on the market for sale at this time, none under any form of contract, and that have successfully completed the sales process in the last 30 days
Seven Bedrooms
There are currently no 7-bedroom existing detached homes on the market for sales in Monrovia, and none under any form of contract.
In the last 30 days, 1 seven-bedroom existing detached home in Monrovia has successfully completed the sales process. This home sold for $650,000 after being on the market for a single day.
If you have any questions about this report, please call me, check out my website, or send me an email. I look forward to helping you with your real estate needs.
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