Bowie MD 20716 Real Estate Market Report- March 2019
Are you in the market or going to be in the market to buy a house in Bowie MD zip code 20716 and/or its surrounding areas in the next three months? Or are you thinking about selling your house in Bowie MD? Then this Real Estate Report is for you. A real estate market report is a monthly barometer to gauge what’s trending in the real estate industry.
This information reported in this monthly real estate market report includes statistics for single-family homes, townhouses, and condos.
- Average sold price of a Bowie MD House in the zip code 20716 in March 2019 was $310,463. That is an increase of 8.49% from March 2018 when the average sold price of a Bowie MD zip code 20716 was $260,000.
- 19 Bowie MD Home were sold in the zip code 20716 in March 2019. That is down from March 2018 when 26 houses in Bowie MD zip code 20716.
- Average days on the market of a Bowie MD HOUSE SOLD in the zip code 20716 was 46 days in March 2019. That is better than March 2018 when the average days on the market of a Bowie MD House sold in the zip code 20716 was 52 days.
- Average list price for solds in Bowie MD zip code 20716 in March 2019 was $306,030. That is up from March 2018 when it was $292,064.
- Average selling price to original list price ratio of a Bowie MD zip code 20716 was 99.7% in March 2019. That is up 1.70% from March 2018 when the average selling price to original list price ratio of a Bowie MD zip code 20716 was 98.0%.
Note: There was an error in our MarketStats byBright MLS. It showed that 20 houses were sold when actually it was 19.
This house has four bedrooms and three and a half baths. It also has a basement and a fireplace to cozy up during cold nights. And there is a two car garage if you have a family with cars. Call or text me at 202-378-0283 to schedule an appointment to view this house.
This listing is courtesy of Keller Williams Preferred Properties.
- 11 or 12 out of the 19 Houses that were sold in the Bowie MD zip code 20716 were purchased with a Conventional Loan in March 2019.
- 6 or 7 out of the 19 Houses that were sold in Bowie MD zip code 20716 were purchased with a FHA Loan in March 2019.
- 0 or 1 out of the 19 Houses that were sold in Bowie MD zip code 20716 were purchased with CASH in March 2019.
- 17 out of the 19 houses that were sold in Bowie MD 20716 were sold in 90 days or less in March 2019.
- 15 out of the 19 bowie MD 20716 Houses that were sold in March 2019 sold in 60 days or less.
- 12 out of the 19 bowie MD zip code 20716 that were sold in March 2019 sold in 30 days or less.
- 8 out of the 19 Bowie Md 20716 that were sold in March 2019 were sold in 20 days or less.
Couple takeaways from this report.
- Days on the market. Houses in Bowie MD 20716 are selling in 46 days which is 6 days faster than last year in March 2019. So if time is of the essence,you have a good chance of getting your house sold quickly as long as it is priced right according to the current local real estate market.
- 99.7%-which was the average selling price to original list price ratio in March 2019. So home owners are selling their house almost exactly what they are listing it for sale at. Which is great.
- Increase in Sold price. Sold Home prices in Bowie MD zip code 20716 in March 2019 were more than they were in March 2018 which is great news for home owners and buyers as well. Every home owner wants to sell their house and get a great return on their investment. And Bowie MD zip code 20716 home buyers can see now that they are buying a good house now since home value is currently increasing that area which can be a good indication to buy a house in that area.
Also check out other Bowie MD Real Estate Market Reports
And you can search Bowie MD New Home Construction Sales here Bowie MD New Home Construction Sales in the $400,000-$600,000 price range
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