Today's View - Aug 27, 2019 - Monrovia, Md. detached homes

By
Real Estate Agent with Century 21 - Redwood Realty MD581725

Today’s View – Aug 27, 2019 – Monrovia, Md. 21770

This is a market report on existing detached homes in Monrovia, Md. 21770.  At the time of this report (8/27/19) there are 20 such homes on the market FOR SALE, another 10 that are under contract, and 10 that has sold in the last 30 days.   The absorption rate (Active/Sold in 30 days) is 2.0, a seller’s market.

While the lot sizes range from .11 acres to 5.1 acres, the median lot size is 1.23 acres.

 

Three Bedrooms

There are 4 three-bedroom existing detached homes in this area on the market for sale. The current list prices of these homes range from $430,000 to $534,999 with the median being $504.950.  The days on market for these home’s ranges from 1 week (8 days) to approaching 3 months (82 days), with the median being 1 month (27 days). 

There are 5 three-bedroom existing detached home in this area under some form of contract at the time of this report.   The last known list prices of these homes range from $419,000 to $499,900 with the median being $434,900.  The days on market for these home’s ranges from approaching 2 weeks (11 days) to 4.5 months (131 days), with the median approaching 1.5 months (39 days).

In the last 30 days, 5 three-bedroom existing detached home in Monrovia have successfully completed the sales process.  These homes sold for between $330,000 and $389,000, with the median being $345,000.  The days on market for these homes ranged from approaching 1 week (5 days) to 3 months (91 days), with the median being 2 months (64 days).

 

Four Bedrooms

There are 9 four-bedroom existing detached homes in this area on the market for sale. The current list prices of these homes range from $339,900 to $699,900 with the median being $499,900.  The days on market for these homes range from new to the market (1 day) to 6 months (188 days), with the median being 1.5 months (48 days). 

There are 4 four-bedroom existing detached home in this area under some form of contract at the time of this report. The last known list prices of these homes range from $339,900 to $525,000 with the median being $429,900.  The days on market for these home’s ranges from 1 week (8 days) to approaching 2.5 months (69 days), with the median being 1 month (25 days).

In the last 30 days, 2 four-bedroom existing detached home in Monrovia have successfully completed the sales process. These homes sold for $380,000 after being on the market for 1 week (8 days) and $614,000 after being on the market for 2 months (67 days)

 

Five Bedrooms

There are 6 five-bedroom existing detached home in this area on the market for sale at the time of this report. The current list price of these home’s ranges from $360,000 to $725,000, with the median being $523,750.  The days on market ranges from 3 weeks (21 days) to 2.5 months (76 days), with the median being 1 month (34 days).

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

In the last 30 days, 3 five-bedroom existing detached homes in Monrovia have successfully completed the sales process.  These homes sold for between $355,000 and $624,900, with the median being $539,000.  The days on market for these homes ranged from 1 month (30 days) to 3 months (86 days), with the median being 1.5 months (45 days).

 

Six Bedrooms

There is at the time of this report 1 six-bedroom detached home on the market for sale in Monrovia.  This home is currently listed for $479,900 and has been on the market for 3 weeks (22 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 - McKenna & Vane
108 E. Ridgeville Blvd           
Mount Airy, Md. 21771 

            
(301) 237-2277  (c)
(301) 703-8605  (O)

My Website

 

Hope this was of some value to you.

Please ICE your cellphones!

May this FORCE be with you

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Topic:
Real Estate Market Trends
Location:
Maryland Frederick County Monrovia
Groups:
1st Time Buyers
The Ninety-ninth Percentile
WEICHERT, REALTORS - New Colony
Tags:
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detached homes
aug 2019

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Bob Force (REALTOR®)

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