Altos Market Data for Realtors

Bowie, MD

Single-Family Homes

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Bowie, MD

Sun May 16 2021
This week the median list price for Bowie, MD is $457,450 with the market action index hovering around 96. This is less than last month's market action index of 100. Inventory has increased to 56. Click here to stay informed with the Bowie market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Bowie, MD

Sun May 16 2021
This week the median list price for Bowie, MD is $457,450 with the market action index hovering around 96. This is less than last month's market action index of 100. Inventory has increased to 56. Click here to stay informed with the Bowie market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Bowie market.
Median List Price $457,450
Median Price of New Listings $452,500
Per Square Foot $203
Average Days on Market 16
Median Days on Market 0
Price Decreased 14%
Price Increased 0%
Relisted 2%
Inventory 56
Median Rent $1,350
Market Action 96
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$690,000 4,044 0.5 - 1 acre 5 3 16 7 1 3
$522,500 2,594 0.25 - 0.5 acre 4 2 40 8 5 7
$439,900 2,036 0.25 - 0.5 acre 4 2 50 10 5 0
$372,450 1,548 0.25 - 0.5 acre 3 2 55 7 4 3