Today's View - Jan. 28, 2020 - Monrovia, Md detached homes

By
Real Estate Agent with Century 21 - Redwood Realty MD581725

Today’s View – Jan. 28, 2020 – Monrovia, Md. 21770

This is a market report on existing detached homes in Monrovia, Md. 21770.  At the time of this report (01/28/2020) there are 12 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 2.4, considered by many to be a seller market.

While the lot sizes range from .2 acres to 3.59 acres, the median lot size is 1 acre.

 

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 $370,000 to $419,900 with the median being $402,450.  The days on market for these home’s ranges from 2 weeks (13 days) to approaching 4 months (110 days), with the median approaching 2 months (51 days). 

There is 1 three-bedroom existing detached home in this area under some form of contract at the time of this report.  The last known list prices and days on market for this home being $430,000 after being on the market for 2 months (55 days).

In the last 30 days, 2 three-bedroom existing detached homes in Monrovia have successfully completed the sales process.  These homes sold for $405,000 after being on the market for 1 month *28 days) and $437,000 after being on the market for 1.5 months (45 days).

 

Four Bedrooms

There are 5 four-bedroom existing detached homes in this area on the market for sale. The current list prices of these homes range from $411,200 to $624,900 with the median being $558,000.  The days on market for these homes range from approaching a week (4 days) to approaching 9 months (260 days), with the median approaching 2 months (55 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 prices of these homes range from $385,900 to $599,900 with the median being $512,400.  The days on market for these homes range from 2 weeks (12 days) to approaching 5 months (144 days), with the median approaching 3 months (84 days). 

In the last 30 days, 3 four-bedroom existing detached home in Monrovia have successfully completed the sales process.   This home sold for between $330,000 and $420,000, with the median being $379,900.  The days on market for these hoems ranged from 1 week (6 days) to 1.5 months (43 days), with the median being 3 weeks (24 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 prices and days on market for these homes ranges from $299,000 to $500,000, with the median being $475,000.  The days on market ranges from 3 weeks (18 days) to approaching 3 months (83 days), with the median being 2 months (54 days).

There is currently 1 five-bedroom existing detached home in Monrovia under any form of contract.  The last known list price of this home being $480,000 and it was on the market for 4.5 months (135 days).

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

 

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

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
2020 Market Reports
The Ninety-ninth Percentile
WEICHERT, REALTORS - New Colony
Tags:
monrovia
detached homes

Spam prevention
Show All Comments
Rainmaker
2,897,413
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

This is valuable real estate information for home buyers and sellers in Monrovia, Bob.

Jan 28, 2020 03:24 PM #1
Rainmaker
719,227
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Sally

 

Jan 30, 2020 01:05 AM #2
Show All Comments

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

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

Rainmaker
758,053

Bob Force (REALTOR®)

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