Why Live in Bonney Lake
Bonney Lake, WA, is a lakeside city situated on the banks of Lake Tapps, approximately 15 miles east of Tacoma. Known for its waterfront parks and suburban subdivisions, Bonney Lake offers a blend of natural beauty and suburban convenience. The city is a gateway to the Cascade Mountain Range, with Mount Rainier and Crystal Mountain ski resort just an hour away. Allan Yorke Park, located on the water’s edge, features walking trails, a playground, and a skate park, making it a popular summer destination for boating, fishing, swimming, and water-skiing. The city boasts a variety of home styles, from modest midcentury designs to contemporary homes, with newer subdivisions like Tehaleh providing modern amenities and planned community features. Commercial strips along State Route 410 include big box stores such as Costco, The Home Depot, and Target, as well as a mix of chain and local restaurants. The highly rated Sumner-Bonney Lake School District contributes to the city's appeal, offering quality education. Residents typically rely on cars for transportation, with heavy traffic common on routes to Tacoma and Seattle. The Seattle-Tacoma International Airport is about 28 miles away, and the closest major hospital is 8 miles west in Puyallup. Bonney Lake has lower crime rates compared to the national average, making it a safer community for residents.
Home Trends in Bonney Lake, WA
On average, homes in Bonney Lake, WA sell after 60 days on the market compared to the national average of 70 days. The median sale price for homes in Bonney Lake, WA over the last 12 months is $730,000, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$730,000
Median Single Family Sale Price
$739,000
Median Townhouse Sale Price
$575,000
Average Price Per Sq Ft
$305
Number of Homes for Sale
73
Last 12 months Home Sales
638
Median List Price
$749,500
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
3%