BOWIE HOUSING MARKET DATA

There was a decrease in total units sold in May, with 95 sold this month in Bowie Real Estate versus 113 last month, a decrease of 16%. This month's total units sold was lower than at this time last year, a decrease of 10% versus May 2024.

Versus last year, the total number of homes available this month is higher by 26 units or 15%. The total number of active inventory this May was 204 compared to 178 in May 2024. This month's total of 204 is lower than the previous month's total supply of available inventory of 214, a decrease of 5%.

Last May, the median sale price for Bowie Homes was $487,495. This May, the median sale price was $528,070, an increase of 8% or $40,575 compared to last year. The current median sold price is 6% lower than in April.

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

In May, there was 2.1 months of supply available in Bowie, compared to 1.7 in May 2024. That is an increase of 28% versus 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 147 homes newly listed for sale in Bowie compared to 140 in May 2024, an increase of 5%. There were 129 current contracts pending sale this May compared to 101 a year ago. The number of current contracts is 28% higher than last May.

In May, the average sale price in Bowie was 100.5% of the average list price, which is 1.2% lower than at this time last year.

This month, the average number of days on market was 20, higher than the average last year, which was 17, an increase of 18%.





FOCUS ON: BOWIE HOUSING MARKET			MAY 2025

Zip Code(s): 20715, 20716, 20720 and 20721
Units Sold 95	Active Inventory 204	Median Sale Price $528,070	Days On Market 20

Down -10% Vs. Year Ago	Up 15% Vs. Year Ago	Up 8% Vs. Year Ago	Up 18% Vs. Year Ago


		Units Sold There was a decrease in total units sold in May, with 95 sold this month in Bowie Real Estate versus 113 last month, a decrease of 16%. This month's total units sold was lower than at this time last year, a decrease of 10% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 26 units or 15%. The total number of active inventory this May was 204 compared to 178 in May 2024. This month's total of 204 is lower than the previous month's total supply of available inventory of 214, a decrease of 5%.
		Median Sale Price Last May, the median sale price for Bowie Homes was $487,495. This May, the median sale price was $528,070, an increase of 8% or $40,575 compared to last year. The current median sold price is 6% lower than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 147	Current Contracts 129	Sold Vs. List Price 100.5%	Months of Supply 2.1

Up 5% Vs. Year Ago	Up 28% Vs. Year Ago	Down -1.2% Vs. Year Ago	Up 28% Vs. Year Ago


		Months of Supply In May, there was 2.1 months of supply available in Bowie, compared to 1.7 in May 2024. That is an increase of 28% versus 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 147 homes newly listed for sale in Bowie compared to 140 in May 2024, an increase of 5%. There were 129 current contracts pending sale this May compared to 101 a year ago. The number of current contracts is 28% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Bowie was 100.5% of the average list price, which is 1.2% lower than at this time last year. Days on Market This month, the average number of days on market was 20, higher than the average last year, which was 17, an increase of 18%.


	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.