Today’s View – December 26, 2017 – Monrovia, Md. 21770
This is a market report on existing detached homes in Monrovia, Md. 21770. At the time of this report (12/26/17) there are 9 such homes on the market FOR SALE, another 4 under contract, and 5 that have sold in the last 30 days. The absorption rate (Active/Sold in 30 days) is 1.8, a seller market.
While the lot sizes range from .25 acres to 9.05 acres, the median lot size is 1.11 acres. Of the 19 homes talked about in this report, while 8 have no garage space, 7 come with 2 car garage spaces, and 1 comes with a 6 car garage
Three Bedrooms
There is 1 three-bedroom existing detached homes in this area on the market for sale. The current list price of this home is $344,900 having been on the market for 2 months (66 days).
There are 2 three-bedroom existing detached homes in this area under some form of contract at this time. The last known list price of these homes are $244,900 after being on the market approaching 8 months (233 days) and $549,900 after being on the market for 1.5 months (47 days).
In the last 30 days, 1 three-bedroom existing detached home in Monrovia has successfully completed the sales process. This home sold for $495,000 after being on the market for approaching 2 months (54 days).
Four Bedrooms
There are 3 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 $520,000. The days on market for these homes ranges from approaching 4 months (110 days) to approaching 5 months (144 days) with the median approaching 4 months (112 days).
There are 2 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 being $$454,900 after being on the market for 2 months (61 days) and $525,000 after being on the market for approaching 2.5 months (73 days).
In the last 30 days, 4 four-bedroom existing detached home in Monrovia have successfully completed the sales process. These home sold for between $284,900 and $489,000, with the median being $433,000. These homes were on the market for between 1 week (5 days) and 3 weeks (18 days), with the median being 2 weeks (12 days).
Five Bedrooms
There are 4 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 ranging from $315,000 and $659,900, with the median being $469,950. The days on market for these homes ranges from 1 week (5 days) to 6 months (188 days), with the median approaching 3.5 months (100 days).
There are no five-bedroom existing detached homes in Monrovia currently under any form of contract.
In the last 30 days, no five-bedroom existing detached homes has successfully completed the sales process in Monrovia.
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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