Today's View - May 4, 2018 - Monrovia, Md. detached homes

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Real Estate Agent with Weichert Realtor - New Colony MD581725

Today’s View – May 4, 2018 – Monrovia, Md. 21770

This is a market report on existing detached homes in Monrovia, Md. 21770.  At the time of this report (5/4/18) there are 12 such homes on the market FOR SALE, another 11 under contract, and 7 that have sold in the last 30 days.   The absorption rate (Active/Sold in 30 days) is 1.71, a seller’s market.

While the lot sizes range from .22 acres to 9.05 acres, the median lot size is 1.03 acres.  Of the 30 homes talked about in this report, while 9 have no garage space, 18 come with 2 car garage spaces.

 

Three Bedrooms

There are 4 three-bedroom existing detached homes in this area on the market for sale. The current list price of these homes ranges from $315,000 to $384,900, with the median being $359,950.  The days on market for these homes ranges from new to the market (2 days) to 3 weeks (23 days), with the median being 2 weeks (12 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 $228,000 after being on the market for 1 month (36 days) and $345,000 after being on the market for approaching 2 weeks (10 days).

In the last 30 days, 2 three-bedroom existing detached home in Monrovia have successfully completed the sales process. These home sold for $375,000 after being on the market for approaching 1 week (4 days) and $529,000 after being on the market for 4 months (114 days).

 

Four Bedrooms

There are 6 four-bedroom existing detached homes in this area on the market for sale. The current list price of these homes ranges from $359,000 to $719,900, with the median being $529,945.  The days on market for these homes ranges from new to the market (3 days) to 3 months (86 days), with the median being 2 weeks (15 days). 

There are 7 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 $275,000 to $699,900, with the median being $449,900.  These homes were on the market ranging from new to the market (1 days) to 1 month (33 days), with the median being 3 weeks (22 days).

In the last 30 days, 5 four-bedroom existing detached home in Monrovia have successfully completed the sales process.  These home sold for between $369,900   and $515,000, with the median being $419,000. The days on market ranged from approaching 1 week (4 days) to 3 weeks (25 days), with the median being less than a week (5 days).

 

Five Bedrooms

There is just 1 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 $389,900 having been on the market for 4 months (112 days).

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 $449,9000 after being on the market approaching 2 months (54 days) and $724,968 being on the market for a day.

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
108 E. Ridgeville Blvd           
Mount Airy, Md. 21771 

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

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May this FORCE be with you

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2018 Market Reports
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may 2018

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Rainmaker
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Joyce Marsh, Daytona Beach Florida
Joyce Marsh Homes and Lifestyles - Daytona Beach, FL
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Thank you for sharing the latest information about your real estate market. 

May 05, 2018 03:10 AM #1
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