Is Bonney Lake, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$619,614
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bonney Lake have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Bonney Lake was $619,614 in March 2024, up 1.6% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $412.5K | N/A |
| 2 Bedrooms | $489.4K | $528.8K | +8.0% |
| 3 Bedrooms | $545K | $555.7K | +2.0% |
| 4 Bedrooms | $674.9K | $713.8K | +5.8% |
| 5+ Bedrooms | $717.5K | $759.1K | +5.8% |
Summary: Bonney Lake housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 5.8%.
Housing Supply in Bonney Lake, WA
How many homes are available in Bonney Lake, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 209 | 228 | +9.1% |
Summary: The Bonney Lake real estate market had 228 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 22 | 28 | +27.3% |
| 3 Bedrooms | 101 | 108 | +6.9% |
| 4 Bedrooms | 65 | 70 | +7.7% |
| 5+ Bedrooms | 21 | 22 | +4.8% |
Summary: The Bonney Lake housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 54 | 49 | -9.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bonney Lake, expect to pay close to the asking price. 38.8% of homes here sold near the asking price last month.
Summary: A total of 49 homes were sold or pending in Bonney Lake in March 2024, down by 9.3% month-over-month. Of the 49 sold homes, 27% were sold under asking, 39% were sold at asking, and 35% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 47 Days | 36 Days | -23.3% |
Summary: Homes in Bonney Lake had an average of 36 days on market in Mar 2024, down by 23.3% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
8 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 March 2024, 49 homes were sold in Bonney Lake; 61% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 16% 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.