Is Bonney Lake, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$639,900
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Bonney Lake was $639,900 in June 2024, up 6.7% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $277.5K | $435K | +56.8% |
2 Bedrooms | $485.3K | $552.7K | +13.9% |
3 Bedrooms | $535K | $569K | +6.4% |
4 Bedrooms | $675K | $734.8K | +8.9% |
5+ Bedrooms | $722.4K | $787.4K | +9.0% |
Summary: Bonney Lake housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.8%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 9%.
Housing Supply in Bonney Lake, WA
How many homes are available in Bonney Lake, WA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
313 | 332 | +6.1% |
Summary: The Bonney Lake real estate market had 332 homes for sale in June 2024, a 6.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 28 | 31 | +10.7% |
3 Bedrooms | 150 | 142 | -5.3% |
4 Bedrooms | 103 | 113 | +9.7% |
5+ Bedrooms | 32 | 44 | +37.5% |
Summary: The Bonney Lake housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 10.7%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
82 | 91 | +11.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
45 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Summary: A total of 91 homes were sold or pending in Bonney Lake in June 2024, up by 11.0% month-over-month. Of the 91 sold homes, 18% were sold under asking, 49% were sold at asking, and 33% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
21 Days | 26 Days | +22.4% |
Summary: Homes in Bonney Lake had an average of 26 days on market in Jun 2024, up by 22.4% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During June 2024, 91 homes were sold in Bonney Lake; 73% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.