Is Bowie, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bowie is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Bowie has remained a Seller's Market.

Key Takeaway

Bowie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Bowie, MD cost?

Median Sold Price

$439,900

$235/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$24,900(+6.0%)

Key Takeaway

Homes in Bowie have sold for 6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $175K$175K
0.0%
2 $260K$295K
+13.5%
3 $385K$420K
+9.1%
4 $435.7K$460K
+5.6%
5+ $500.5K$575K
+14.9%

Median Sold Price Compared To Nearby Cities

Davidsonville
+17.5%
Bowie
+6.0%

How many homes are available in Bowie, MD?

Number of Homes For Sale

Sep 2022Oct 2022%
213201-5.6%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 33
0.0%
2 1312
-7.7%
3 9389
-4.3%
4 7265
-9.7%
5+ 3232
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
5749-14.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bowie, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
15 Days14 Days-6.4%

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bowie are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Bowie, MD

Number of homes for sale in Bowie, MD real estate market have reached 201. In October 2022 in Bowie, MD there were 5.6% less homes for sale than in September 2022. In October 2022 median list price was $439,900 and the average listing age was 14 days. Listing prices have changed in this real estate market between September 2022 and October 2022: prices of 1 bedroom properties remained the same, 2 bedrooms properties became 13.5% more expensive, 3 bedrooms properties prices increased by 9.1%, 4 bedrooms properties prices increased by 5.6%, prices of 5 bedrooms properties increased by 14.9%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes went down by 7.7%, number of 3 bedrooms homes decreased by 4.3%, volume of 4 bedrooms homes went down by 9.7%, volume of 5 bedrooms homes stayed the same. While more than 21 listings in Bowie, MD in October 2022 were sold above asking price, there were more than 17 listings sold at asking price, and more than 11 were sold below.

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