Today’s View – February 10, 2021 – Monrovia, Md. 21770

Today’s View – February 10, 2021 – Monrovia, Md. 21770

This is a market report on existing detached homes in Monrovia, Md. 21770.  At the time of this report (2/10/2021) there is 1 such home on the market FOR SALE, another 7 that are under contract, and 4 that has sold in the last 30 days.  The absorption rate (Active/Sold in 30 days) is .25, considered by many to be a Seller’s market.

While the lot sizes range from .11 acres to 2.37 acres, the median lot size is .79 acres.  Of the 12 homes covered in this report 4 comes with a 2 car garage.

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 $399,900 after being on the market for 3 weeks (20 days).

There are 2 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 being $375,500 after being on the market for approaching 1 week (4 days) and $439,990 after being on the market for also approaching 1 week (5 days).

In the last 30 days, 1 three-bedroom existing detached home in Monrovia has successfully completed the sales process.  This home sold for $480,000 after being on the market for 3 weeks (21 days).

Four Bedrooms

There are no four-bedroom existing detached homes in this area on the market for sale.

There are 5 four-bedroom existing detached homes in Monrovia currently under some form of contract. The last known list prices of these homes ranges from $375,000 to $799,900 with the median being $468,900.  These homes were on the market for between 1 day and 4.5 months (137 days) with the median being 1 week (16 days).

In the last 30 days, 2 four-bedroom existing detached home in Monrovia have successfully completed the sales process.   The sales price of these homes were $415,000 after on the market for 1 week (4 days) and $570,000 after being on the market for 3 weeks (25 days).

Five Bedrooms

There are no five-bedroom existing detached home in Monrovia for sale, under any form of contact, nor have successfully completed the sales process in the last thirty days

Six Bedrooms

There are no six-bedroom existing detached home in Monrovia for sale or under any form of contact at the time of this report.

In the last 30 days, 1 six-bedroom existing detached home in Monrovia successfully completed the sales process.  This home sold for $625,000 after being on the market for approaching 2 weeks (11 days).

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.