Today's View - Feb. 28, 2018 - Monrovia, Md. detached homes

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Real Estate Agent with Weichert Realtor - New Colony MD581725

Today’s View – February 28, 2018Monrovia, Md. 21770

This is a market report on existing detached homes in Monrovia, Md. 21770.  At the time of this report (2/28/18) there are 8 such homes on the market FOR SALE, another 9 under contract, and 2 that have sold in the last 30 days.   The absorption rate (Active/Sold in 30 days) is 4.0, a normal market.

While the lot sizes range from .25 acres to 9.05 acres, the median lot size is .99 acres.  Of the 19 homes talked about in this report, while 8 have no garage space, 8 come with 2 car garage spaces.

 

Three Bedrooms

There are 2 three-bedroom existing detached homes in this area on the market for sale. The current list prices being $224,900 after being on the market for 2 weeks (16 days), and $549,900 being on the market for 3 months (98 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 $339,900 after being on the market approaching 4 months (112 days) and $399,000 after being on the market for approaching a week (4 days).

In the last 30 days, no three-bedroom existing detached home in Monrovia has successfully completed the sales process.

 

Four Bedrooms

There are 2 four-bedroom existing detached homes in this area on the market for sale. The current list prices being $370,000 after being on the market for 3 weeks (21 days), and $379,900 being new to the market (1 day)

There are 5 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 ranges from $369,900 and $550,000, with the median being $474,900.  These homes were on the market for between  approaching 1 week (3 days) and approaching 6 months (176 days), with the median approaching 2 weeks (11 days).

In the last 30 days, 2 four-bedroom existing detached home in Monrovia have successfully completed the sales process.  These home sold for  $364,900  after being on the market for approaching 3 weeks (18 days)and $431,500 after being on the market for 5 months (151 days).

 

Five Bedrooms

There are 3 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 ranges from $309,900 to $465,000, with the median being $399,900.  The days on market for these homes ranges from 1 week (7 days) to 1.5 months (47 days), with the median being 2 weeks (14days). 

There are 2 five-bedroom existing detached homes in Monrovia currently under any form of contract. The last known list price of these homes are $540,000 after being on the market approaching 1.5 months (41 days) and $659,900 after being on the market for approaching 8 months (236 days).

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.

Posted by

Robert J. Force
Weichert Realtors - New Colony
141 S Main Street #202             
Mount Airy, Md. 21771 

            
(301) 237-2277  (c)
(301) 703-8605  (O)
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Hope this was of some value to you.

Please ICE your cellphones!

May this FORCE be with you

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