Bowie MD zip code 20716 Real Estate Market Report -March 2018
2615 WEARY CREEK CT, BOWIE, MD 20716. This Detached Colonial Single Family House for sale has 4 bedrooms,2.5 baths and a full basement. It is listed ON SALE at $644,900.
We are finally at the end of April-FINALLY. This is a time when some families in Bowie MD ZIP CODE 20716 will start planning their move if not started already. Here is the Bowie MD zip code 20716 Real Estate Market Report for March 2018
- Total Dollar Volume for Bowie MD zip code 20716 Homes Sold was $7,440,146 in March 2018. That is only down 17.14% from March 2017 when the Total Dollar Volume was $8,979,104.
- Average sold price of a Bowie MD House in the 20716 zip code was $260,000 in March 2018. That is down only 7.96% from March 2018 when it was $282,500.
- Total Houses sold in Bowie MD 20716 were 26 in March 2018. That is down 21.21% in March 2017 when 33 houses in Bowie MD zip code 20716 sold.
- Average days on the market of a Bowie MD zip code 20716 House for sale was only 35 days. That is 39.66% better than March 2017 when the average days on the market for a Bowie MD House in the zip code 20716 was 58 days.
- Average list price of House Solds in Bowie MD zip code 20716 was $292,064 in March 2018 compared to March 2017 when the Average list price of House Solds in Bowie MD zip code 20716 was $277,508.
- Average selling price to original list price ratio was 98.0% in March 2018 for Bowie MD Houses in the zip code 20716 compared to March 2017 when the average selling price to original list price was 96.8%. That is down only 1.27%
- 12 out of the 26 Bowie MD zip code 20716 Houses Sold were purchased with a Conventional Loan.
- 9 out of the 26 Bowie MD zip code 20716 Houses sold were purchased with a FHA Loan.
- 4 out of the 26 Bowie MD 20716 Houses for sale were purchased with a VA Loan.
- 1 out of the 26 Bowie MD 20716 Houses Sold were purchased with a Other kind of fInancing.
- 24 out of the 26 Houses sold in the Bowie MD zip code 20716 were sold in 90 days or less.
- 21 out of the 26 Houses sold in the Bowie MD zip code 20716 were sold in 60 days or less.
- 13 out of the 26 Houses sold in the Bowie MD 20716 zip code were sold in 30 days or less.
What can you as a Bowie MD home buyer and/or seller takeaway from this Bowie MD zip code 20716 Real Estate Market Report -March 2018?
Many home buyers in the Bowie MD zip code 20716 area used a Conventional Loan to purchase a house. Conventional Loans are geared for lower risk-i.e higher credit borrowers. And in a Local Real Estate Market where inventory is scarce and ready,willing,able,motivated and impatient home buyers are more than many,you have to do anything to improve your chances of submitting a more alluring offer to the seller to enhance your chances of getting your offer accepted.
It took 35 days for a Bowie MD 20716 zip code house to sell. That means that Bowie MD Home owners/sellers in the zip code 20716 are listening to the sage advice of their Local Real Estate Professional by pricing their house right according to their local Real Estate Market. And an average selling price to original list price of 98.0% proves Real Estate Agent's point. You never want to ignore what your Local Real Estate Market is interpreting to the public by mispricing your house when you put it on the market for sale. Time is of the essence.
Hope you found this Bowie MD Real Estate Market Report helpful to you whether you are thinking about buying and/or selling a house in Bowie MD zip code 20716. Check out my other Bowie MD Real Estate Market Reports
And if you know anyone who is looking to buy and/or sale a house in either Bowie MD,Prince Georges County MD and it's surrounding areas including Washington DC,I would love to be your Exclusive Real Estate Professional. You can call or text me at 202-378-0283. Or send me an email to DChomesforsale@gmail.com. #Bowie #BowieMD #BowieMDHouse #BowieMDHouseforsale #BowieMDzipcode20716 #BowieMDHousesforsale #JustSoldinBowieMD