The prices in real estate in Bowie, in the Maryland region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Bowie has increased during the last 6 months. In September, the average price per sq.feet was $178. In the following month the price per sq.feet increased considerably to $212. In the following two months the price per sq.feet has barely changed, going from $195 to $192.5 per sq.feet. The price per sq.feet has increased 105 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $193.75 to $204 during January, and February.
Based upon to the price in Bowie (cities), this has gone downing the last 6 months. The average price for September is $414,739. During October the price had a slight fall till $376,451. In the following two months the average price has remained the same with regard to the previous two months from $395,595 to $395,815. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $395,705 and $389,306 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $376,760 they are 60 % more affordable than the average price for Bowie. The properties with the highest average price have 4 bedrooms, Their price is 12 % more costly than the average. After that we have properties with 3 bedrooms priced at $347,817.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $200 / sq.feet, with an average $201 / sq.feet price in Bowie. The properties with the highest average prices have 2 bedrooms. They are 6 % more expensive than the average followed by properties with 1 bedroom with a price at $212 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $376,760 it is 10 % cheaper than the average price in Bowie. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $429,541 it is 50 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $146 / sq.feet followed by "Townhouse" priced at $218 / sq.feet. "Condo" is the most costly type of property with a $8,257 / sq.feet cost followed by "House" with an average price of $226 / sq.feet.