Is Bonney Lake, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bonney Lake has remained a Seller's Market.
Housing Prices in Bonney Lake, WA
How much do homes in Bonney Lake, WA cost?
Median Sold Price
$624,991
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bonney Lake was $624,991 in April 2024, up 3.3% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $390K | N/A |
2 Bedrooms | $492.4K | $547.2K | +11.1% |
3 Bedrooms | $545K | $550K | +0.9% |
4 Bedrooms | $670K | $721.5K | +7.7% |
5+ Bedrooms | $717.5K | $776K | +8.2% |
Summary: Bonney Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 8.2%.
Housing Supply in Bonney Lake, WA
How many homes are available in Bonney Lake, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
240 | 262 | +9.2% |
Summary: The Bonney Lake real estate market had 262 homes for sale in April 2024, a 9.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 28 | 28 | 0.0% |
3 Bedrooms | 110 | 128 | +16.4% |
4 Bedrooms | 75 | 77 | +2.7% |
5+ Bedrooms | 27 | 28 | +3.7% |
Summary: The Bonney Lake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 3.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 74 | +42.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 74 homes were sold or pending in Bonney Lake in April 2024, up by 42.3% month-over-month. Of the 74 sold homes, 16% were sold under asking, 47% were sold at asking, and 36% were sold over asking.
Days on Market for Bonney Lake, WA
How long does it take to sell a home in Bonney Lake, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 28 Days | -39.2% |
Summary: Homes in Bonney Lake had an average of 28 days on market in Apr 2024, down by 39.2% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 74 homes were sold in Bonney Lake; 73% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.