BOWIE HOUSING MARKET DATA

There was a decrease in total units sold in July, with 109 sold this month in Bowie Real Estate versus 138 last month, a decrease of 21%. This month's total units sold was lower than at this time last year, a decrease of 10% versus July 2024.

Versus last year, the total number of homes available this month is higher by 43 units or 20%. The total number of active inventory this July was 253 compared to 210 in July 2024. This month's total of 253 is lower than the previous month's total supply of available inventory of 289, a decrease of 12%.

Last July, the median sale price for Bowie Homes was $510,810. This July, the median sale price was $500,000, a decrease of 2% or $10,810 compared to last year. The current median sold price is 4% lower than in June.

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

In July, there was 2.3 months of supply available in Bowie, compared to 1.7 in July 2024. That is an increase of 34% 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 125 homes newly listed for sale in Bowie compared to 154 in July 2024, a decrease of 19%. There were 117 current contracts pending sale this July compared to 99 a year ago. The number of current contracts is 18% higher than last July.

In July, the average sale price in Bowie was 100.5% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 27, higher than the average last year, which was 14, an increase of 93%.





FOCUS ON: BOWIE HOUSING MARKET			JULY 2025

Zip Code(s): 20715, 20716, 20720 and 20721
Units Sold 109	Active Inventory 253	Median Sale Price $500,000	Days On Market 27

Down -10% Vs. Year Ago	Up 20% Vs. Year Ago	Down -2% Vs. Year Ago	Up 93% Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 109 sold this month in Bowie Real Estate versus 138 last month, a decrease of 21%. This month's total units sold was lower than at this time last year, a decrease of 10% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 43 units or 20%. The total number of active inventory this July was 253 compared to 210 in July 2024. This month's total of 253 is lower than the previous month's total supply of available inventory of 289, a decrease of 12%.
		Median Sale Price Last July, the median sale price for Bowie Homes was $510,810. This July, the median sale price was $500,000, a decrease of 2% or $10,810 compared to last year. The current median sold price is 4% lower than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 125	Current Contracts 117	Sold Vs. List Price 100.5%	Months of Supply 2.3

Down -19% Vs. Year Ago	Up 18% Vs. Year Ago	No Change Vs. Year Ago	Up 33% Vs. Year Ago


		Months of Supply In July, there was 2.3 months of supply available in Bowie, compared to 1.7 in July 2024. That is an increase of 34% 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 125 homes newly listed for sale in Bowie compared to 154 in July 2024, a decrease of 19%. There were 117 current contracts pending sale this July compared to 99 a year ago. The number of current contracts is 18% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Bowie was 100.5% 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 27, higher than the average last year, which was 14, an increase of 93%.


	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.