Today's View - July 12, 2020 - Monrovia Md. detached home market

Dated: 07/12/2020

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Today’s View – July 12, 2020 – Monrovia, Md. 21770

This is a market report on existing detached homes in Monrovia, Md. 21770.  At the time of this report (07/12/2020) there are 5 such homes on the market FOR SALE, another 9 that are under contract, and 9 that has sold in the last 30 days.  The absorption rate (Active/Sold in 30 days) is .54, considered by many to be a Seller’s market.

While the lot sizes range from .11 acres to 3.59 acres, the median lot size is 1.0 acres.  Of the 25 homes covered in this report 19 comes with a 2 car garage.

Of the 5 active homes on the market, 2 were added this last week, of those under contact 1 went under contact last week, and 1 of the 9 that completed the process the last 30 days did so last week.

 

Three Bedrooms

There is at this time 1 three-bedroom existing detached homes in this area on the market for sale. This home is currently listed at $349,000 after being on the market for 2 days.

There are 5 three-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 $199,900 to $459,999 with the median being $359,900.  The days on market for these homes ranges from new to the market (2 days) to 1 month (30 days), with the median approaching 2 weeks (10 days).

In the last 30 days, 2 three-bedroom existing detached home in Monrovia have successfully completed the sales process.   These homes sold for $363,600 after being on the market for 2 months (66 days) and $534,900 after being on the market for a short time (3 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 $389,900 after being on the market for approaching 5 months (158 days) and $425,000 after being on the market for approaching 2 weeks (10 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 $499,999 to $720,000 with the median being $599,999.  The days on market for these homes ranges from approaching 1 week (4 days) to approaching 5 months (142 days), with the median approaching 2 months (53 days).

In the last 30 days, 5 four-bedroom existing detached home in Monrovia have successfully completed the sales process.   The sales price of these homes ranged from $514,000 to $610,000 with the median being $585,000.  The days on market for these homes ranges from 1 week (9 days) to approaching 13 months (389 days), with the median being 1.5 months (48 days).

 

Five Bedrooms

There are 2 five-bedroom existing detached homes in Monrovia for sale at the time of this report. The current list prices of this homes being $679,999 after being on the market for approaching 1 week (3 days) and $719,900 after being on the market for approaching 1 week (3 days).

There are no five-bedroom existing detached homes in Monrovia currently under any form of contact.

There are 2 five-bedroom existing detached homes in this area that have successfully completed the sales process in the last 30 days. These homes sold for $324,700 after being on the market for 1.5 months (44 days) and $525,000 after being on the market for approaching 1 week (5 days).

 

Six Bedrooms

There is no six-bedroom existing detached home in Monrovia on the market for sale at this time.

There is 1 six-bedroom existing detached home on the market for sale in Monrovia under some form of contact at this time.  The last known list price of this home is currently l$439,900 after being on the market for 4 months (119 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.

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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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