Is Bonney Lake, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bonney Lake has remained a Seller's Market.
Key Takeaway
Bonney Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bonney Lake, WA
How much do homes in Bonney Lake, WA cost?
Median Sold Price
$629,752
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bonney Lake have sold for 5% more than they did a year ago.
Summary: The median home sold price in Bonney Lake was $629,752 in May 2024, up 5% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $390K | $322.5K | -17.3% |
| 2 Bedrooms | $452.7K | $588K | +29.9% |
| 3 Bedrooms | $540K | $560K | +3.7% |
| 4 Bedrooms | $670.9K | $723.2K | +7.8% |
| 5+ Bedrooms | $715K | $786.4K | +10.0% |
Summary: Bonney Lake housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.3%, 2 bedroom homes increased by 29.9%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 10%.
Housing Supply in Bonney Lake, WA
How many homes are available in Bonney Lake, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 277 | 298 | +7.6% |
Summary: The Bonney Lake real estate market had 298 homes for sale in May 2024, a 7.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 29 | 28 | -3.4% |
| 3 Bedrooms | 134 | 143 | +6.7% |
| 4 Bedrooms | 82 | 96 | +17.1% |
| 5+ Bedrooms | 31 | 31 | 0.0% |
Summary: The Bonney Lake housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 85 | 69 | -18.8% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bonney Lake, you could pay more than the asking price. 37.7% of homes here sold above asking price last month.
Summary: A total of 69 homes were sold or pending in Bonney Lake in May 2024, down by 18.8% month-over-month. Of the 69 sold homes, 28% were sold under asking, 35% were sold at asking, and 38% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 39 Days | +2.5% |
Summary: Homes in Bonney Lake had an average of 39 days on market in May 2024, up by 2.5% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bonney Lake are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 69 homes were sold in Bonney Lake; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.