why is this house in market for so long?

[Anonymous]

Anonymous wrote:https://www.redfin.com/MD/Monrovia/10903-Lace-Leaf-Ln-21770/home/109910192

I have seen houses getting sold within a week in this area, don't know why is it still in market

Everything everyone else has said, but people may see the house, like the house, then realize that it doesnt actually feed to Urbana HS, like Redfin says it does.

Though, if you have a young family, they are building a new HS right down the street, which is targeted to open around 2030 I believe

[Anonymous]

As others have said, it is far too overpriced. The house itself, in my view, seems decent but there are several cons to the listing. A) the pictures are quite bad, both in quality but also too much clutter there (so listing seems less attractive), B) Comps sold for less than that several months ago when ineterst rates were lower (hell even redfin, which from what I have seen tends to overestimate the cost, says it's worth more like 880, C) Middle of nowhere, which frankly (and I am biased) if I am paying close to a million for a place, I want to be close to the DC (and this place is certainly not close). Would be a pita to commute to DC if one works there.

They should have listed at a more realistic price from the get go and it probably would have sold in a reasonable amount of time. Now that it's been on the market for so long, interest rates have risen, and it's the almost winter (ie slow season), they will most likely have to drop the price significantly to sell, or try and wait out until spring and hope that someone bites.