Today’s View –  May 13, 2022 – Monrovia, Md. 21770 – Detached Homes

This is a market report for existing detached homes in Monrovia, Md. 21770.  At the time of this report (5/13/22) not including new construction 6 such homes are on the market FOR SALE, another 11 are under contract, and 4 have sold in the last 30 days. The absorption rate (Active/30 day sold) is 1.5 which is considered a seller’s market.

While the minimum lot size is just 0.21 acres and the maximum lot size is 4.2 acres, the median is .96 acres.

Of those active, 2 came to market in the last week. Of those under contact, 3 went under contract last week, and none of the 4 that sold completed the process last week. 

Three Bedrooms Homes

There are 2 three-bedroom detached homes in Monrovia currently on the market for sale. These homes range in price from $398,000 after being on the market for 7 days, and $479,900 after being on the market for 8 days.

There are 4 three-bedroom detached homes in Monrovia that are under contract.  The last known list price of these homes ranges from $300,000 to $570,000, with the median being $449,900.  The days on market for these homes ranged from approaching 1 week (5 days) to approaching 2.5 months (72 days) with the median being 6 days. 

In the last 30 days, 3 three-bedroom detached homes in Monrovia have successfully completed the sales process. The closing price of these homes ranged from $435,000 to $662,500 with the median being $490,000.  The days on market ranged from 6 days to 7 days (20 days).

Four Bedroom Homes

There are 2 four-bedroom detached homes on the market for sale in Monrovia. These homes range in price from $440,000 to $1,175,000, with the median being $807,500.  The days on market range from 2 days to 10 days, with the median being 6 days.

There are 4 four-bedroom detached homes in Monrovia that are currently under contract.  The last known list price of these homes ranged from $489,900 to $765,000, with the median being $669,950.  The days on market for these homes ranged from 3 days to 18 days, with the median being 1 week (5 days).

In the last 30 days, no four-bedroom detached homes in Monrovia have successfully completed the sales process.

Five Bedroom Homes

There is 1 five-bedroom detached home in Monrovia on the market for sale at the time of this report.  The current list price of this home is $750,000 after being on the market for 2 days.

There are 2 five-bedroom detached homes in Monrovia currently under contract. The last known list price of these homes being $484,900 after being on the market for 6 days and $1,199,900 after being on the market for 5 days.

In the last 30 days, 1 five-bedroom detached home in Monrovia has successfully completed the sales process.  The closing price of this homes being $501,000 after being on the market for 31 days).

Six Bedroom Homes

There is 1 six-bedroom detached home in Monrovia on the market for sale at the time of this report.  The current list price of this home is $825,000 after being on the market for 2 days.

There is 1 six-bedroom detached home in Monrovia that is currently under contract.  The last known list price of these homes are $1,100,000 after being on the market for 1 day.

In the last 30 days, no six-bedroom detached home in Monrovia has successfully complete the sales process. 

If you have any questions about this report, please contact me.  I look forward to helping you with your real estate needs.  Similar posts can be found on my blog, talking about townhouses in Monrovia and homes in the surrounding area as well.