Today's View - Jan. 6, 2020 - Monrovia, Md. existing detached homes market

Dated: 01/07/2020

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Today’s View – Jan. 6, 2020 – Monrovia, Md. 21770

This is a market report on existing detached homes in Monrovia, Md. 21770.  At the time of this report (01/06/2020) there are 10 such homes on the market FOR SALE, another 8 that are under contract, and 7 that has sold in the last 30 days. The absorption rate (Active/Sold in 30 days) is 1.4, considered by many to be a seller market.

While the lot sizes range from .2 acres to 4.23 acres, the median lot size is 1.12 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 $389,900 to $419,900 with the median being $415,000.  The days on market for these home’s ranges from approaching 3 weeks (18 days) to 3 months (88 days), with the median approaching 1.5 months (39 days). 

There are 2 three-bedroom existing detached home in this area under some form of contract at the time of this report.  The last known list prices and days on market for these homes being $430,000 after being on the market for 2 months (55 days) and $444,900 after being on the market for 1 month (28 days).

In the last 30 days, 4 three-bedroom existing detached home in Monrovia have successfully completed the sales process.  These homes sold for between $370,000 and $507,255, with the median being $387,500.  The days on market for these homes ranged from 1 week (6 days) to 1.5 months (45 days), with the median being 1 week (8 days).


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 $423,900 to $630,000 with the median being $584,400.  The days on market for these homes range from approaching a week (4 days) to 8 months (238 days), with the median being 1.5 months (46 days). 

There are 5 four-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 range from $344,900 to $599,900 with the median being $385,900.  The days on market for these homes range from being a week (6 days) to 5 months (144 days), with the median being 1 month (35 days). 

In the last 30 days, 1 four-bedroom existing detached home in Monrovia has successfully completed the sales process.   This home sold for $435,000 after being on the market for 2 months (54 days).

 

Five Bedrooms

There are 2 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 these homes being $329,000 after being on the market for 2 months (61 days) and $475,000 after being on the market for 1 month (32 days).

There is currently 1 five-bedroom existing detached home in Monrovia under any form of contract.  The last known list price of this home being $480,000 and it was on the market for 4.5 months (135 days).

In the last 30 days, 2 five-bedroom existing detached homes in Monrovia have successfully completed the sales process.  These homes sold for $589,000 after being on the market for 1 month (28 days) and $612,500 after being on the market for 13 months (397 days).

 

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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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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