Today's View - September 7, 2020 - Monrovia, Md. existing detached homes.

Dated: 09/07/2020

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Today’s View – September 7, 2020 – Monrovia, Md. 21770

This is a market report on existing detached homes in Monrovia, Md. 21770.  At the time of this report (09/07/2020) there are 3 such homes on the market FOR SALE, another 10 that are under contract, and 7 that has sold in the last 30 days.  The absorption rate (Active/Sold in 30 days) is .42, considered by many to be a Seller’s market.

While the lot sizes range from .16 acres to 4.47 acres, the median lot size is .99 acres.  Of the 20 homes covered in this report 15 comes with a 2 car garage.

Of the 3 active homes on the market, none were added this last week, of those under contact 1 went under contact last week, and 2 of the 7 that completed the process the last 30 days did so last week.

Two Bedrooms

There are at this time no two-bedroom existing detached homes in this area on the market for sale and none have successfully completed the sales process in the last 30 days.

There is one two-bedroom existing detached home in Monrovia under some form of contract at the time of this report. The last known list price of this home is $169,900 after being on the market was 3 days.

 

Three Bedrooms

There are at this time 1 three-bedroom existing detached homes in this area on the market for sale. This home is currently listed for $424,900 having been on the market for 1 week (7 days).

There is 1 three-bedroom existing detached homes in this area under some form of contract at the time of this report. The last known list price of this home is $199,900 after being on the market for 2 weeks (12 days).

In the last 30 days, 2 three-bedroom existing detached home in Monrovia have successfully completed the sales process.   These homes sold for $368,500 after being on the market for approaching 1 week (4 days) and $450,000 after being on the market for 1 month (30 days).

 

Four Bedrooms

There are 2 four-bedroom existing detached homes in this area on the market for sale. The current list prices of this homes being $800,760 after being on the market for approaching 2 weeks (11 days) and $1,049,000 after being on the market for approaching 1.5 months (40 days).

There are 5 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 $389,900 to $674,900 with the median being $645,000.  The days on market for these homes ranges from new to the market (1 day) to approaching 6 months (170 days), with the median being 1 week (6 days). 

In the last 30 days, 4 four-bedroom existing detached home in Monrovia have successfully completed the sales process.   The sales price of these homes ranged from $380,000 to $690,000 with the median being $441,500.  The days on market for these homes ranges from approaching 1 week (4 days) to 2 weeks (15 days), with the median being 1 week (6 days).

 

Five Bedrooms

There are no five-bedroom existing detached home in Monrovia for sale at the time of this report and none that have successfully completed the sales process in the last 30 days.

There are 2 five-bedroom existing detached homes in Monrovia currently under some form of contact. The last known list price of these homes being $399,999 after being on the market for 2 weeks (14 days) and $699,900 after being on the market for approaching 1.5 months (38 days).

 

Six Bedrooms

There is no six-bedroom existing detached home in Monrovia on the market for sale at this time and none under any contract at this time.

There is one no six-bedroom existing detached homes in Monrovia completed the sales process in the last 30 days.  This home sold for $913,000 after being on the market for a single day.

 

 

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.

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Robert Force

Seasoned Realtor Allow me to introduce myself. I am Robert (Bob) J. Force a seasoned REALTOR® with Weichert - McKenna & Vane in Mount Airy, Md. I handle both Sales and Rentals in Frederick, Carro....

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