BOWIE HOUSING MARKET DATA

There was an increase in total units sold in February, with 86 sold this month in Bowie Real Estate versus 68 last month, an increase of 26%. This month's total units sold was lower than at this time last year, a decrease of 4% versus February 2024.

Versus last year, the total number of homes available this month is higher by 1 units or 1%. The total number of active inventory this February was 146 compared to 145 in February 2024. This month's total of 146 is lower than the previous month's total supply of available inventory of 161, a decrease of 9%.

Last February, the median sale price for Bowie Homes was $527,418. This February, the median sale price was $497,000, a decrease of 6% or $30,418 compared to last year. The current median sold price is 1% lower than in January.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In February, there was 1.7 months of supply available in Bowie. The amount of supply is similar compared to a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 100 homes newly listed for sale in Bowie compared to 115 in February 2024, a decrease of 13%. There were 96 current contracts pending sale this February compared to 99 a year ago. The number of current contracts is 3% lower than last February.

In February, the average sale price in Bowie was 100.2% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 37, higher than the average last year, which was 29, an increase of 28%.





FOCUS ON: BOWIE HOUSING MARKET			FEBRUARY 2025

Zip Code(s): 20715, 20716, 20720 and 20721
Units Sold 86	Active Inventory 146	Median Sale Price $497,000	Days On Market 37

Down -4% Vs. Year Ago	Up 1% Vs. Year Ago	Down -6% Vs. Year Ago	Up 28% Vs. Year Ago


		Units Sold There was an increase in total units sold in February, with 86 sold this month in Bowie Real Estate versus 68 last month, an increase of 26%. This month's total units sold was lower than at this time last year, a decrease of 4% versus February 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 1 units or 1%. The total number of active inventory this February was 146 compared to 145 in February 2024. This month's total of 146 is lower than the previous month's total supply of available inventory of 161, a decrease of 9%.
		Median Sale Price Last February, the median sale price for Bowie Homes was $527,418. This February, the median sale price was $497,000, a decrease of 6% or $30,418 compared to last year. The current median sold price is 1% lower than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 100	Current Contracts 96	Sold Vs. List Price 100.2%	Months of Supply 1.7

Down -13% Vs. Year Ago	Down -3% Vs. Year Ago	No Change Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In February, there was 1.7 months of supply available in Bowie. The amount of supply is similar compared to a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 100 homes newly listed for sale in Bowie compared to 115 in February 2024, a decrease of 13%. There were 96 current contracts pending sale this February compared to 99 a year ago. The number of current contracts is 3% lower than last February.
		Sale Price to List Price Ratio In February, the average sale price in Bowie was 100.2% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 37, higher than the average last year, which was 29, an increase of 28%.


	Bowie are defined as properties listed in zip code/s 20715, 20716, 20720 and 20721.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.