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

By
Real Estate Agent with Weichert - McKenna & Vane MD581725

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

This is a market report on existing detached homes in Monrovia, Md. 21770.  At the time of this report (05/28/2020) there are 8 such homes on the market FOR SALE, another 12 that are under contract, and 4 that has sold in the last 30 days.  The absorption rate (Active/Sold in 30 days) is 2, considered by many to be a Seller’s market.

While the lot sizes range from .11 acres to 4.19 acres, the median lot size is 1.02 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 being $369,900 after being on the market for 2 months (64 day) and $399,900 being new to the market (2 days).

There are also 2 three-bedroom existing detached home in this area under some form of contract at the time of this report. The last know list prices of these homes being $379,900 after being on the market for 2 months (58 day) and $534,900 being new to the market (3 days).

In the last 30 days, 1 three-bedroom existing detached home in Monrovia has successfully completed the sales process.   This home sold for $361,500 after being on the market for over 2 months (69 days).

 

Four Bedrooms

There are 4 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 $720,000 with the median being $605,000.  The days on market for these homes range from new to the market (1 day) to approaching 4.5 months (134 days), with the median approaching 4 months (113 days). 

There are 7 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 $379,900 to $599,000 with the median being $548,000.  The days on market for these homes ranges from 1 week (5 days) to 4 months (125 days), with the median being 1.5 months (46 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 $399,900 to $620,000 with the median being $610,000.  The days on market for these homes ranges from new to the market (1 day) to 1 week (7 days), with the median approaching 1 week (3 days).

 

Five Bedrooms

There is 1 five-bedroom existing detached homes in Monrovia for sale at the time of this report. This home is currently listed for $329,900 after being on the market for approaching 1.5 months (38 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 $525,000 with the median being $485,000.  The days on market for these homes ranges from 1 week (5 days) to 6 months (182 days), with the median being 5.5 months (166 days).

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

 

 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 $439,900 after being on the market for approaching 3 months (86 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.

 May this FORCE be with you.

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:
monrovia
detached homes
may 2020

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Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Bob. Time to hit the listing trail! Thanks for the update. Enjoy your day!

May 29, 2020 03:42 AM #1
Rainmaker
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Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Monrovia home buyers and sellers are sure to value your real estate market report, Bob.

May 29, 2020 03:26 PM #2
Rainmaker
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Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Bob, there is not much inventory in your market, and it goes fast - as the ratio of 'homes for sale' versus 'Under Contract" is 8:12 ... Buyers must be ready and prepared, great information in your market report.

May 30, 2020 09:01 PM #3
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Rainmaker
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Bob Force (REALTOR®)

The FORCE in Maryland Real Estate
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