Today's View - July 1, 2018 - Monrovia, Md. detached homes

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Real Estate Agent with Weichert Realtor - New Colony MD581725

Today’s View – July 1, 2018 – Monrovia, Md. 21770

This is a market report on existing detached homes in Monrovia, Md. 21770.  At the time of this report (7/1/18) there are 12 such homes on the market FOR SALE, another 7 under contract, and 11 that have sold in the last 30 days.   The absorption rate (Active/Sold in 30 days) is 1.09, a seller’s market.

While the lot sizes range from .22 acres to 3.69 acres, the median lot size is 1.1 acres.  Of the 30 homes talked about in this report, while 9 have no garage space, 21 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 $496.500, with the median being $362,400.  The days on market for these homes ranges from new to the market (1 day) to approaching 2.5 months (73 days), with the median being 3 weeks (22 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 $3439,000 after being on the market for approaching 2 months (53 days) and $445,000 after being on the market for 1 week (8 days). 

In the last 30 days, 6 three-bedroom existing detached home in Monrovia have successfully completed the sales process. These homes sold between $325,000 and $390,000 with the median being $369,950. The days on market ranged from new to the market (1 day) to 3 weeks (23 days), with the median being 1 week (9 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 homes ranges from $347,000 to $699,900, with the median being $449,900.  The days on market for these homes ranges from 1 week (6 days) to approaching 5 months (144 days), with the median being 3 weeks (21 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 ranges from $300,000 to $535,500, with the median being $489,950.  These homes were on the market ranging from new to the market (1 days) to approaching 2 months (53 days), with the median approaching 2 weeks (12 days).

In the last 30 days, 5 four-bedroom existing detached home in Monrovia have successfully completed the sales process.  These homes sold for between $405,000  and $639,900, with the median being $509,900. The days on market ranged from approaching 1 week (3 days) to 1 month (25 days), with the median being less than a week (4 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 $499,000 to $559,998, with the median being $537,500.  The days on market for these homes ranges from 1 month (31 days) to approaching 2 months (51 days), with the median being 1.5 months (44 days). 

There are no five-bedroom existing detached homes in Monrovia currently under any form of contract in Monrovia.

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)
Website
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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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Topic:
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Location:
Maryland Frederick County Monrovia
Groups:
The Art Of Marketing You
1st Time Buyers
The Ninety-ninth Percentile
2018 Market Reports
Tags:
monrovia
detached homes
july 2018

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Rainmaker
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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good morning 

Thank you for sharing your information with us 

Happy Sunday. 

Jul 01, 2018 04:10 AM #1
Rainmaker
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Joyce Marsh, Daytona Beach Florida Real Estate
Joyce Marsh Real Estate - Daytona Beach, FL
Daytona Beach Area Coastal Homes and Lifestyles

Real estate market trends are important to review in this fast paced market. Buyers and sellers appreciate updated Market snapshot reports. 

Jul 02, 2018 05:07 AM #2
Rainmaker
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Bob Force (REALTOR®)
Weichert Realtor - New Colony - Mount Airy, MD
The FORCE in Maryland Real Estate

Yes they do.  Thanks Joyce for taking the time stop by and leave a note, now if you could only stop by and leave an offer.

Jul 02, 2018 10:19 PM #3
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Rainmaker
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Bob Force (REALTOR®)

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