The median home price in Bonney Lake sits at $749,000. That puts it among the highest in Pierce County, well above Puyallup ($595,000), Sumner ($555,000), and Graham ($560,000). But the Bonney Lake real estate market is more complex than a single number suggests. Days on market have dropped 33% in the past year, prices have held steady despite broader regional softening. The market has found a balance point that creates distinct chances for sellers who understand the current landscape.
I track these numbers closely because they directly affect the advice I give to homeowners considering a sale. Let me walk you through the data that matters most, explain what it means in practical terms. Help you see where Bonney Lake stands heading into 2026. This is an important factor for anyone exploring Bonney Lake Real Estate.
Bonney Lake Real Estate: Current Market Data
Here is the full market snapshot as of early 2026. Buyers searching for Bonney Lake Real Estate should keep this in mind.
The story these numbers tell is one of stabilization. After the rapid appreciation of 2020 through 2023 and a slight pullback in 2024, Bonney Lake has settled near the $750,000 mark. The 33% reduction in days on market over the past year is particularly encouraging for sellers. It tells you that buyer absorption is improving and that homes are not languishing on the market the way they may have at the 2024 lows. For those interested in Bonney Lake Real Estate, this is worth noting.
Understanding the Price Premium: Why Bonney Lake Commands $749,000
Bonney Lake's median price is notably higher than its neighbors, and the reason is straightforward: new construction. Tehaleh, the 4,700-acre master-planned community in the Cascade foothills, accounts for a significant share of Bonney Lake's active inventory. Homes in Tehaleh range from $500,000 to over $1,200,000. The community's resort-style amenities (40-plus miles of trails, 16 parks, Trek Mountain Bike Park, and the Discovery Park community center) command a premium. This directly impacts the Bonney Lake Real Estate landscape.
For sellers outside of Tehaleh, the median price can be somewhat misleading. Established homes in central Bonney Lake start in the mid-$400s, with prices ranging from $450,000 to $650,000 for older ramblers, split-levels. Two-story homes on larger lots. These properties appeal to a different buyer profile: families seeking larger lots, mature trees. No HOA at a lower price point than Tehaleh or Sky Island. Understanding this helps when evaluating Bonney Lake Real Estate.
The appreciation numbers reinforce the long-term value story. Bonney Lake homes have appreciated 48% over five years and 112% over the past decade. Even with the flat year-over-year performance, homeowners who have been here for more than a few years are sitting on meaningful equity. This context matters for Bonney Lake Real Estate decisions.
Days on Market: The Pace Is Picking Up
The drop from 82 to 55 days on market is one of the most positive trends in the Bonney Lake data. In practical terms, it means a well-priced, well-prepared home can expect to go under contract in roughly eight weeks. That is slower than South Hill (21 days) or Sumner (7 days). But Bonney Lake's higher price point and the presence of new construction naturally extend the timeline. This is an important factor for anyone exploring Bonney Lake Real Estate.
New-construction homes in Tehaleh often carry longer marketing periods because buyers are comparing multiple builders, floor plans, and lot locations within the community. For resale homes in central Bonney Lake or Sky Island, the actual days on market tend to be shorter than the 55-day average suggests, particularly when pricing is accurate and presentation is strong. Buyers searching for Bonney Lake Real Estate should keep this in mind.
I see this pattern consistently: the homes that sell fastest in Bonney Lake Real Estate are the ones where the seller invested in preparation before listing. Professional photography, decluttering, and strategic pricing make a measurable difference, especially in a market where buyers are comparing your resale home against brand-new construction down the road.
Inventory and Supply: What 3.1 Months Means for Sellers
At 3.1 months of supply, Bonney Lake is closer to a balanced market than many Pierce County communities. For reference, a balanced market is typically defined as 4 to 6 months of supply. Puyallup sits at 2.1 months and South Hill at 2.3, both firmly in seller's territory. Bonney Lake's slightly higher supply reflects the ongoing flow of new-construction inventory from Tehaleh and surrounding developments. This directly impacts the Bonney Lake Real Estate landscape.
The 182 active listings include both resale homes and new construction. For resale sellers, it is important to recognize that your competition includes not just other resale properties but also builder homes with warranties, modern finishes, and community amenities. The way to compete is not on newness but on value: larger lots, established landscaping, no HOA (in central Bonney Lake). In some cases, Lake Tapps waterfront access that new construction simply cannot replicate. Understanding this helps when evaluating Bonney Lake Real Estate.
The 98.5% sale-to-list ratio confirms that sellers are still receiving close to their asking price. There is room for negotiation, but it is modest. A well-priced home is not being discounted significantly. This context matters for Bonney Lake Real Estate decisions.
What This Means for You as a Bonney Lake Seller
- Your equity is real: With 112% appreciation over the past decade and 48% over five years, most Bonney Lake homeowners have substantial equity. Even with the flat year-over-year pricing, your home is likely worth significantly more than what you paid for it.
- Pricing against new construction requires strategy: If you are selling a resale home within a few miles of Tehaleh, buyers will compare your property to brand-new homes with builder incentives. Price your home to reflect its unique strengths, whether that is a larger lot, an established neighborhood, or lake access.
- The 55-day timeline is manageable: While Bonney Lake homes take longer to sell than those in faster markets like South Hill, 55 days is a reasonable timeline for the price point. Set expectations appropriately and focus on the quality of offers rather than the speed of the sale.
- Lake Tapps properties are in a class of their own: Waterfront homes on Lake Tapps ($700,000 to $2,500,000-plus) attract a specialized buyer pool. These properties require targeted marketing and patience, but they command premium prices that reflect the rarity of 45-mile shoreline access in Pierce County.
- The Sumner-Bonney Lake School District is a selling point: The district ranks number 4 in Pierce County and number 11 statewide. Math proficiency of 54% and reading proficiency of 66% both significantly exceed state averages. Tehaleh Heights Elementary carries an 8 out of 10 GreatSchools rating, and Bonney Lake High School posts a 92% graduation rate. These are numbers that matter to family buyers.
Community Strengths That Support Property Values
Bonney Lake's property values are supported by more than just market mechanics. The community's demographics tell a story of stability and investment. The median household income of $131,524 is among the highest in Pierce County. The homeownership rate of 79.9% means nearly four out of five households own their home, creating a community of people who maintain and invest in their properties. This is an important factor for anyone exploring Bonney Lake Real Estate.
Allan Yorke Park, with its 45 acres, sandy beach, and boat launch on Lake Tapps, is one of the premier public parks in the county. The Fennel Creek Trail, Victor Falls Park. The extensive trail system within Tehaleh provide outdoor recreation options that enhance the area's appeal to family buyers. Buyers searching for Bonney Lake Real Estate should keep this in mind.
The community's population of 22,800 has grown over 4% in five years. Tehaleh's continued buildout is expected to drive sustained growth through 2030 and beyond. That growth trajectory, combined with planned infrastructure improvements to SR-410 and expanding commercial amenities, creates a long-term value proposition that benefits current homeowners. For those interested in Bonney Lake Real Estate, this is worth noting.
The Bottom Line for Bonney Lake Sellers
The Bonney Lake real estate market in 2026 is balanced, stable, and well-supported by strong community fundamentals. The days of homes selling above asking price within a week are largely behind us. But The fundamentals that make Bonney Lake valuable, including strong schools, high incomes, outdoor amenities. Limited land supply, remain firmly in place.
Sellers who approach this market with accurate pricing, thoughtful preparation. An understanding of how their home fits within the broader inventory (including new construction) will achieve strong results. The data supports that conclusion, and my experience working with Bonney Lake homeowners confirms it.
If you have been considering listing your Bonney Lake home, now is a good time to have a detailed conversation about your specific property and neighborhood.
| Metric | Current Value | What It Signals |
|---|---|---|
| Median Home Price | $749,000 | Premium pricing driven by new construction |
| Median Price per Sq Ft | $305 | Strong per-foot value for newer homes |
| Average Days on Market | 55 days | Down 33% from 82 days a year ago |
| Year-over-Year Price Change | -0.4% | Essentially flat; market holding steady |
| Active Listings (Inventory) | 182 | Moderate supply with new construction share |
| Months of Supply | 3.1 | Approaching balance but still below 4 months |
| Sale-to-List Price Ratio | 98.5% | Sellers receiving close to asking price |
| Market Competitiveness | Balanced | Neither strongly favoring buyers nor sellers |
| Neighborhood | Price Range | Typical Buyer |
|---|---|---|
| Tehaleh | $500,000 - $1,200,000 | New-build buyers, families, 55+ (Verterra) |
| Lake Tapps Waterfront | $700,000 - $2,500,000+ | Waterfront/luxury buyers |
| Sky Island | $650,000 - $950,000 | Mountain-view buyers, families |
| Panorama | $600,000 - $850,000 | View-oriented families |
| Central Bonney Lake | $450,000 - $650,000 | Value buyers, larger lots |