Today’s View – September 16, 2013 – Monrovia Md. 21770 – Detached Homes
This is a market report for detached homes in Monrovia, Md. 21770. At the time of this report September 16, 2013, there are 22 such homes on the market FOR SALE, 5 are under contract, and another 3 have sold in the last 30 days. The absorption rate (active/sold) is 4.66 months, what is considered a normal market. While property sizes range from .68 acres to 15.08 acres, the median is 1.17 acres.
Two Bedroom Homes
There are no two-bedroom detached home in Monrovia on the market for sale at this time. There is 1 two-bedroom detached home under contract at the time of the report, This home was last listed for $324,900 and has been on the market for approaching three months (80 days). In the last 30 days, no two-bedroom detached home has completed the sale process.
Three Bedroom Homes
There are 6 three-bedroom detached homes in Monrovia on the market for sale at this time. These homes are listed for between $315,000 and $499,999, with the median being $363,995. The days on market for these homes ranges from over three weeks (26 days) to 6 and a half months (195 days), with the median approaching two months (51 days)
There are no three-bedroom detached homes in this marketplace that are currently under some form of contract.
In the last 30 days, only 1 three-bedroom detached home in Monrovia has successfully completed the sales process. The closing price of this home was $221,000 and it was on the market for just over a week (8 days).
Four Bedroom Homes
There are also 5 four-bedroom detached homes in Monrovia for sale. These homes range in price from a low of $325,000 to $585,000, with the median being $362,400. The days on market for these homes ranges from a week to 11.5 months, with the median being three weeks (21 days).
There are 3 four-bedroom detached home in Monrovia that are now under some form of contract. The current list price of these homes range from a low of $355,000 to $549,000, with the median being $414,900. The days on market for these homes ranges from slightly over a month (38 days) to approaching three months (80 days), with the median being over a month (40 days).
In the last 30 days, no four-bedroom detached home in Monrovia has successfully completed the sales process.
Five Bedroom Homes
There are 2 five-bedroom detached homes for sale in Monrovia at this time. These homes are currently listed for $339,888 and was been on the market for less than a month (26 days) while the other is listed for $425,000 and has been on the market for over 4 months (133 days).
There is only 1 five-bedroom detached home in Monrovia currently under some form of contract. The last known list price of this home is $494,900 and has been on the market for slightly over a month (34 days).
In the last 30 days, 2 five-bedroom detached homes in Monrovia have successfully completed the sales process. One of these homes sold for $400,000 after being on the market for a month (33 days), while the other sold for $450,000 and had been on the market for over a month and a half (47 days).
Six Bedrooms Homes
There is 1 six-bedroom homes in Monrovia currently on the market for sales. This home is currently listed for $510,000 and has been on the market for just over 4 months (124 days). No six-bedroom detached home in Monrovia is currently under contract, an none have successfully completed the sale process in the last 30 days.
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