Today's View - April 13, 2020 - Monrovia, Md. detached homes

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Real Estate Agent with Weichert - McKenna & Vane MD581725

Today’s View – April 13, 2020 – Monrovia, Md. 21770

This is a market report on existing detached homes in Monrovia, Md. 21770.  At the time of this report (04/13/2020) there are 10 such homes on the market FOR SALE, another 8 that are under contract, and 4 that has sold in the last 30 days. There is also 3 that have temporally been taken off the market.  The absorption rate (Active/Sold in 30 days) is 2.5, considered by many to be a Seller’s market.

While the lot sizes range from .16 acres to 4.19 acres, the median lot size is .94 acres.

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 $375,000 to $379,900 with the median being $379,900.  The days on market for these homes range from approaching 3 weeks (19 days) to approaching 6 months (174 days), with the median approaching 1.5 months (39 days). 

There are 3 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 $389,900.  The days on market for these homes ranges for 1 week (8 days) to approaching 3.5 months (101 days), with the median approaching 2.5 months (69 days).

 

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

 

Four Bedrooms

There are 6 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 $749,000 with the median being $569,950.  The days on market for these homes range from 2 weeks (14 days) to approaching 4 months (114 days), with the median being 1 month (35 days). 

There are 3 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 $399,900 to $629,000 with the median being $429,000.  The days on market for these homes ranges from new to the market (1 day) to 3 weeks (23 days).

 

In the last 30 days, 3 four-bedroom existing detached home in Monrovia have successfully completed the sales process.   The sales price of these homes ranged from $419,900 to $464,750 with the median being $445,000.  The days on market for these homes ranges from new to the market (3 days) to 2 weeks (16 days), with the median approaching 1 week (4 days).

 

Five Bedrooms

There are no five-bedroom existing detached homes in Monrovia for sale at the time of this report.

 

There are 2 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 being $269,000 after being on the market for 5.5 months (162 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 $475,000 after being on the market for 2.5 months (79 days).

 

 

Six Bedrooms

There is 1 six-bedroom existing detached home on the market for sale in Monrovia at this time.  The home is currently listed for $449,900 after being on the market for 1.5 months (41 days).

 

There are no six-bedroom existing detached homes in Monrovia under any form of contract and none that have successfully completed the sales process in the last 30 days.

 

 

If you have any questions about this report, please call me, check out my website, 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
Tags:
monrovia
detached homes
april 2020

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Rainmaker
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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

 

Apr 16, 2020 06:48 PM #1
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Rainmaker
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Bob Force (REALTOR®)

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