Altos Market Data for Realtors

Bowie, MD

Single-Family Homes

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Bowie, MD

Sun Nov 17 2019
This week the median list price for Bowie, MD is $424,997 with the market action index hovering around 49. This is less than last month's market action index of 50. Inventory has held steady at or around 154. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 Nov 17 2019
This week the median list price for Bowie, MD is $424,997 with the market action index hovering around 49. This is less than last month's market action index of 50. Inventory has held steady at or around 154. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $424,997
Per Square Foot $175
Days on Market 82
Price Decreased 42%
Price Increased 2%
Relisted 8%
Inventory 154
Median Rent $2,275
Most Expensive $1,800,000
Least Expensive $199,900
Market Action 49
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$684,945 5,272 1 - 2.5 acres 5 4 12 7 6 117
$489,950 2,734 0.25 - 0.5 acre 4 3 26 4 8 94
$379,999 2,014 0.25 - 0.5 acre 4 2 53 6 8 53
$329,900 1,788 0.25 - 0.5 acre 3 2 55 6 7 61