Bowie MD 20721 Real Estate Market Report-March 2019

By
Real Estate Agent with Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC SP98364271

  Bowie MD zip code 20721 Real Estate Market Report-March 2019

 

    This Real Estate Market Report is going to reveal

  • How many houses sold in Bowie MD zip code 20721 in March 2019?
  • Average price per sq footage of a house sold in that area?
  • What was their avg list to sold price ratio
  • Average price houses sold for in that area?
  • What kind of financing that they used?
  • And more.......

 

Bowie MD zip code 20721 Real Estate Market Report-March 2019

 

  • Average price per sq ft of a Bowie MD zip code 20721 House SOLD in March 2019 was $163. That is up 8.7% from March 2018.
  • Average sold price of a house sold in that area in March 2019 was $383,085. That is up 1.80% from March 2018 when the average sold price of a house in that area was $376,295.
  • 20 Houses SOLD in that area in March 2019. That is the same amount of houses that sold last year in that area.
  • Average days on the market of a house that sold in that area was 57 days.  That is 33.72% better than last year when average days on the market of a house that sold in that area was 86 days.
  • Average selling price to original list price ratio was 97.9% That is down only -0.13% from last year when the average selling price to original list price ratio was 98.0%.
  • 10 out of the 20 Houses that were sold in that area used a Conventional loan.
  • 5 out of the 20  Houses that were sold in that area used a FHA loan.
  • 3 out of the 20 Houses that were sold in that area used a VA loan.
  • 2 out of the 20 Houses that were sold in that area used CASH.
  • 15 out of the 20 Houses sold in March 2019 in that area took 90 days or less.
  • 14 out of the 20 Houses that were sold in that area in March 2019 took 60 days or less.
  • 13 out of the 20 Houses that were sold in that area in March 2019 took 30 days or less.

706 James Ridge Rd, Bowie, MD 20721

706 James Ridge Rd, Bowie, MD 20721. Call or text me at 202-378-0283 to schedule a showing of this house.

 

This listing is courtesy of Redfin Corp.

 

Should you sell a house in Bowie MD zip code 20721 right now? If we are going by the market report stats within the last year then I would say YES. Why? Average home price sold in that area is up almost 2% (1.80%)from this time last year. Plus houses are selling quicker (Average days on the market is 57 days compared to last year when it was 86 days. Thjs means that home owners are listening and taking the sound advice of their Bowie MD Real Estate Agent when they put their house on the market for sale.

 

Should you buy a house in Bowie MD 20721? Yes. 20 Houses sold in this area last month which is the same amount of houses that were sold in that area last year. But with many home buyers using FHA to buy a house in this area in the past,it seems now that loan officers and real estate agents are advising their clients to consider a conventional loan to separate themselves from other home buyers and getting home owners to see that they are more ready,willing,able and financially qualified to buy a house if they can afford to put down 5% or more on a house that they want to buy.

 

And you can search here for Bowie MD zip code 20721 New Home Construction Sales

 

 

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Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Lanre - thank you for the market report on Bowie MD and thanks for commenting on my blog.

May 21, 2019 05:03 AM #1
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Rainmaker
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Lanre-"THE REAL ESTATE FARMER" Folayan

I don't make promises.I deliver results.SOLD HOMES
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