Today's View - March 30, 2020 - Monrovia, Md. detached homes

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Real Estate Agent with Weichert - McKenna & Vane MD581725

Today’s View – March 30, 2020 - Monrovia, Md. Existing detached homes.

This is a market report on existing detached homes in Monrovia, Md. 21770.  At the time of this report (03/30/2020) there are 8 such homes on the market FOR SALE, another 14 that are under contract, and 1 that has sold in the last 30 days. The absorption rate (Active/Sold in 30 days) is 8.0, considered by many to be a Buyer’s market.

While the lot sizes range from .08 acres to 4.19 acres, the median lot size is .94 acres.

 

Three Bedrooms

There are 2 three-bedroom existing detached homes in this area on the market for sale. The current list prices of these homes are both at $379,000.  The days on market are 1 week (5 days) and approaching 1 month (25 days).   

There are 4 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 ranges from $370,000 to $424,900, with the median being $394,950.  The days on market for these homes ranges for 1 week (8 days) to 5.5 months (163 days), with the median being 3 months (85 days).

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

 

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 $409,980 to $749,000 with the median being $590,000.  The days on market for these homes range from approaching 1 week (4 days) to approaching 2.5 months (71 days), with the median being 1 month (36 days). 

There are 6 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 ranging from $398,900 to $629,000 with the median being $427,000.  The days on market for these homes ranges from new to the market (1 day) to approaching 3.5 months (99 days).

In the last 30 days, 1 four-bedroom existing detached home in Monrovia have successfully completed the sales process.   This home sold for $419, after being on the market for 2 weeks (16 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 are 3 five-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 ranging from $269,000 to $485,000 with the median being $475,000.  The days on market for these homes ranges from 2.5 months (79 day) to 6 months (182 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

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Topic:
Real Estate Market Trends
Location:
Maryland Frederick County Monrovia
Groups:
1st Time Buyers
WEICHERT, REALTORS - New Colony
The Ninety-ninth Percentile
2020 Market Reports
Tags:
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detached homes
march 2020

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Rainmaker
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Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Home buyers and sellers in Monrovia are sure to appreciate your market report, Bob.

Mar 31, 2020 09:41 AM #1
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Rainmaker
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Bob Force (REALTOR®)

The FORCE in Maryland Real Estate
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