Today’s View – Oct 29, 2019 – Monrovia, Md. 21770
This is a market report on existing detached homes in Monrovia, Md. 21770. At the time of this report (10/29/19) there are 20 such homes on the market FOR SALE, another 6 that are under contract, and 5 that has sold in the last 30 days. The absorption rate (Active/Sold in 30 days) is 4.0, considered by many to be a normal market.
While the lot sizes range from .12 acres to 4.23 acres, the median lot size is 1.29 acres.
Three Bedrooms
There are 6 three-bedroom existing detached homes in this area on the market for sale. The current list prices of these homes range from $409,000 to $528,900 with the median being $454,500. The days on market for these home’s ranges from 1 week (4 days) to 5 months (145 days), with the median being 1 month (28 days).
There are 4 three-bedroom existing detached home in this area under some form of contract at the time of this report. The current list prices of these homes range from $400,000 to $499,900 with the median being $424,500. The days on market for these home’s ranges from 1 week (7 days) to approaching 2 months (53 days), with the median being 3 weeks (20 days).
In the last 30 days, no three-bedroom existing detached home in Monrovia has successfully completed the sales process.
Four Bedrooms
There are 7 four-bedroom existing detached homes in this area on the market for sale. The current list prices of these homes range from $349,900 to $637,500 with the median being $439,900. The days on market for these homes range from 2 weeks (16 day) to 5.5 months (169 days), with the median being 1.5 months (47 days).
There are 2 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 being $320,000 after being on the market for 4 months (124 days) and $589,900 after being on the market for 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 $341,500 and $670,000, with the median being $434,900. The days on market for these homes ranged from 1 week (6 days) to 2.5 months (76 days), with the median being 1 month (28 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 $345,000 to $699,000, with the median being $529,45000. The days on market ranges from 3 weeks (19 days) to 4.5 months (139 days), with the median being 2.5 months (78 days).
There are currently no five-bedroom existing detached homes in Monrovia under any form of contract nor any that have successfully completed the sale process in the last 30 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 $459,900 and has been on the market for approaching 3 months (84 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.
