Today’s View – May 29, 2014 – Monrovia, Md.21770
This is a market report on detached homes in Monrovia, Md. 21770. At the time of this report (5/29/2014) there are 22 such homes on the market FOR SALE, another 12 under contract, and 8 that have sold in the last 30 days. This is an absorption rate (Active/Sold) of 2.75 months a Seller’s market.
Three Bedrooms
There are 5 three-bedroom detached homes in this area on the market for sale. These homes range in price from a low of $274,500 to $534,900, with the median being $329,000. The days on market for these homes ranges from over a week (10 days) to 2.5 months (74 days) with the median being 1 month (34 days).
There are 4 three-bedroom detached homes in the area that are under some form of contract. The last known list price of these homes ranges in price from a low of $269.900 to $384,900, with the median being $340,000. The days on market for these homes ranges from nearly a week (5 days) to 3.5 months (95 days) with the median being under a month (25 days).
Two three-bedroom detached homes in Monrovia have successfully completed the sales process in the last 30 days. These homes sold for between $263,000 and $275,000, with the median being $269,000. The days on market for these homes ranges from approaching 2.5 months (71 days) to approaching 4 months (112 days) with the median being 3 month (92 days).
Four Bedrooms
Clearly a majority of the detached homes on the market for sale in Monrovia are the 13 four-bedroom homes. These homes range in price from a low of $274,500 to $534,900, with the median being $329,000. The days on market for these homes ranges from over a week (10 days) to 2.5 months (75 days) with the median being just over 1 month (34 days).
There are 4 four-bedroom detached homes in this area under some form of contract. The last known list price of these homes ranges from a low of $395,000 to $551,000 with the median being $449,500. The days on market for these homes ranges from under a week (3 days) to 1.5 months (45 days) with the median being also less than a week (6 days).
Four four-bedroom detached homes in Monrovia have successfully completed the sales process in the last 30 days. These homes sold for between $359,900 and $580,000, with the median being $365,000. The days on market for these homes ranges from approaching 2 weeks (11 days) to 7 months ( 214 days) with the median being over 1.5 month (53 days).
Five Bedrooms
There are 3 five-bedroom detached homes in this area on the market for sale. These homes range in price from a low of $374,900 to $624,900 with the median being $554,000. The days on market for these homes ranges from 2 weeks (13 days) to 3.5 months (104 days) with the median being just 2 weeks (14 days).
There are also 4 five-bedroom detached homes in this area under some form of contract. The last known list price of these homes ranges from a low of $299,000 to $469,000 with the median being $394,950. The days on market for these homes ranges from under a week (2 days) to 3 weeks (22 days) with the median approaching 2 weeks (11 days).
Two five-bedroom detached homes in Monrovia have successfully completed the sales process in the last 30 days. These homes sold for between $335,000 and $589,000, with the median being $462,000. The days on market for these homes ranges from approaching 2 weeks (13 days) to 3.5 months ( 107 days) with the median being 2 months (60 days).
Six Bedrooms
There is 1 six-bedroom detached home in Monrovia on the market for sale. This home is listed for $949,900. This home has been on the market for just over a month (32 days). There are no six-bedroom detached homes under any form of contract and none have successfully completed the sales process in the last 30 days..
If you have any questions about this report or wanting to discuss the possibility of moving into the community or selling your home please call me, leave me a note, or send me an email. I am looking forward to helping you.
