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.
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