Today's View - Aug. 2, 2018 - Monrovia, Md. detached homes

By
Real Estate Agent with Weichert Realtor - New Colony MD581725

Today’s View – Aug 2, 2018 – Monrovia, Md. 21770

This is a market report on existing detached homes in Monrovia, Md. 21770.  At the time of this report (8/2/18) there are 9 such homes on the market FOR SALE, another 11 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’s market.

While the lot sizes range from .5 acres to 13.05 acres, the median lot size is 1.3 acres.  Of the 25 homes talked about in this report, while 4 have no garage space, 19 come with 2 car garage spaces.

 

Three Bedrooms

There are 5 three-bedroom existing detached homes in this area on the market for sale. The current list price of these homes ranges from $220,000 to $419,900, with the median being $359,900.  The days on market for these homes ranges from new to the market (1 day) to 1 month (27 days), with the median being 2 weeks (14 days). 

There are 3 three-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 $315,000 to $380,000, with the median being $359,900.  These homes were on the market ranging from approaching a week 41 days) to approaching 1.5 months (38 days), with the median approaching 2 weeks (12 days).

In the last 30 days, 2 three-bedroom existing detached home in Monrovia have successfully completed the sales process. These homes sold $340,000 after being on the market for approaching 2 months (53 days) and $425,000 after being on the market for 1 week (8 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 homes ranges from $429,9000 to $525,000, with the median being $449,900.  The days on market for these homes ranges from 1 week (6 days) to approaching 1.5 months (38 days), with the median being 2 weeks (16 days). 

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 $329,900 to $629,900, with the median being $459,900.  These homes were on the market ranging from 1 week (8 days) to 5 months (149 days), with the median approaching 1.5 months (38 days).

In the last 30 days, 3 four-bedroom existing detached home in Monrovia have successfully completed the sales process.  These homes sold for between $315,000 and $530,000, with the median being $520,000. The days on market ranged from new to the market (1 day) to approaching 2 months (53 days), with the median being 2 weeks (16 days).

 

Five Bedrooms

There is 1 five-bedroom existing detached home in this area on the market for sale at the time of this report. The current list price of this home being $537,500 after being on the market for 2 months (63 days).

There are 2 five-bedroom existing detached homes in Monrovia currently under some form of contract in Monrovia.  The last known list price of these homes being $449,000 after being on the market for approaching 2.5 months (72 days) and $549,998 after being on the market for 3 weeks (19 days).

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

 

 Six Bedrooms

 While there are no 6 bedroom detached homes in Monrovia on the market for sale and none that have successfully completed the sales process in 30 days, there is 1 under some form of contract.  The last known list price of this home is $369,900 after being on the market for 1 month (27 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.

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
Blog

Hope this was of some value to you.

Please ICE your cellphones!

May this FORCE be with you

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Maryland Frederick County Monrovia
Groups:
1st Time Buyers
The Ninety-ninth Percentile
2018 Market Reports
Tags:
monrovia
detached homes
aug 2018

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
622,607

Bob Force (REALTOR®)

The FORCE in Maryland Real Estate
Looking for more information
*
*
*
*
Spam prevention