Today's View - Feb. 16, 2020 - Monrovia, Md. detached homes

By
Real Estate Agent with Century 21 - Redwood Realty MD581725

Today’s View – Feb. 16, 2020 – Monrovia, Md. 21770

This is a market report on existing detached homes in Monrovia, Md. 21770.  At the time of this report (02/16/2020) there are 9 such homes on the market FOR SALE, another 5 that are under contract, and 7 that has sold in the last 30 days. The absorption rate (Active/Sold in 30 days) is 1.28, 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 .94 acre.

 

Three Bedrooms

There are 3 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 $415,000 with the median being $399,900.  The days on market for these home’s ranges from 1month (32 days) to approaching 4.5 months (129 days), with the median approaching 3 months (80 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 $389,900 after being on the market for approaching 1.5 months (41 days).

In the last 30 days, 2 three-bedroom existing detached homes in Monrovia have successfully completed the sales process.  These homes sold for $420,000 after being on the market for 2 months (55 days) and $437,000 after being on the market for 1 month (28 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 $398,900 to $619,900 with the median being $558,000.  The days on market for these homes range from approaching 3 weeks (17 days) to approaching 9.5 months (279 days), with the median being 2.5 months (74 days). 

There are 2 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 being $419,900 after being on the market for 2 weeks (16 days) and $599,900 after being on the market for approaching 2 weeks (12 days). 

In the last 30 days, 4 four-bedroom existing detached home in Monrovia have successfully completed the sales process.   This home sold for between $330,000 and $599,000, with the median being $405,000.  The days on market for these homes ranged from 1 month (35 days) to approaching 5 months (144 days), with the median approaching 3 months (88 days).

 

Five Bedrooms

There is currently 1 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 this home being $475,000 after 2.5 months (73 days).

There is currently 2 five-bedroom existing detached home in Monrovia under any form of contract.  The last known list price of these homes being $269,000 after being on the market for 5.5 months (166 days) and $485,000 after being on the market for 6 months (182 days)

In the last 30 days, 1 five-bedroom existing detached home in Monrovia has successfully completed the sales process.  This home sold for $480,000 after being on the market for 4.5 month (135 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 need

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
Rainer
154,951
Joseph Doohan
Joseph Doohan - Las Vegas, NV
I offer business strategy advice for realtors

Hey! Good weekend? Thanks for sharing this information on your local market, great information. I hope you have a great day ahead.

Feb 17, 2020 01:08 AM #1
Rainmaker
2,895,801
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Home buyers and sellers in Monrovia are certain to find your market report valuable, Bob!

Feb 17, 2020 07:05 AM #2
Rainmaker
761,738
Sara Wagner
The Woodland Companies - Adams, WI
Stevens Point Rentals

Thanks for sharing the information on this community, I hope you sell many of these homes. 

Sara 😊

 

Feb 19, 2020 03:08 AM #3
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
*
*
*
*