Today’s View – December 2, 2017 – Monrovia, Md. 21770
This is a market report on existing detached homes in Monrovia, Md. 21770. At the time of this report (12/2/17) there are 10 such homes on the market FOR SALE, another 5 under contract, and 4 that have sold in the last 30 days. The absorption rate (Active/Sold in 30 days) is 2.5, a seller market.
While the lot sizes range from .46 acres to 9.05 acres, the median lot size is 1.40 acres. Of the 19 homes talked about in this report, while 5 have no garage space, 9 come with 2 car garage spaces, and 1 comes with a 6 car garage
Three Bedrooms
There are 3 three-bedroom existing detached homes in this area on the market for sale. The current list price of these ranges from a low of $349,900 to $549,900 with the median being $399,000. The days on market for these homes ranges from1 month (29 days).to 1.5 months (43 days), with the medina being 1.5 months (42 days) as well.
There is 1 three-bedroom existing detached homes in this area under some form of contract at this time. The last known list price of this home is $244,900 after being on the market approaching 8 months (233 days).
In the last 30 days, 2 three-bedroom existing detached home in Monrovia have successfully completed the sales process. These sold for $430,000 after being on the market for 2 months (63 days ) and $495,000 after being on the market for approaching 2 months ( 54 days).
Four Bedrooms
There are 5 four-bedroom existing detached homes in this area on the market for sale. The current list price of these ranges from a low of $429,900 to $550,000 with the median being $527,000. The days on market for these homes ranges from 2 weeks (14 day) to 4 months (120 days) with the median being 2.5 months (78 days).
There are 4 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 ranging from $284,900 to $525,000; with the me3dian being $447,500. The days on market ranging form 1 week (5 days) to 2.5 months (73 days), with the median being 2 weeks (12 days).
In the last 30 days, 1 four-bedroom existing detached home in Monrovia has successfully completed the sales process. This home sold for $460,000 after being on the market for approaching 3 weeks (18 days).
Five Bedrooms
There are 2 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 homes being $399,900 after being on the market for 5 months (155 days) and $659,000 being on the market approaching 5.5 months (164days).
There are no five-bedroom existing detached homes in Monrovia currently under any form of contract.
In the last 30 days, 1 five-bedroom existing detached homes has successfully completed the sales process in Monrovia. This home sold for $295,000 after being on the market for 2 months (62 days).
Six Bedrooms
While there are six bedroom detached homes in Monrovia, there are none on the market for sale, 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.
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