Why Live in Bonney Lake
Bonney Lake is a lakeside neighborhood situated on the banks of Lake Tapps, approximately 15 miles east of Tacoma. This area features a mix of lakeside homes, waterfront parks, and suburban subdivisions amidst dense evergreen forests. Residents enjoy easy access to both Tacoma and Seattle, as well as outdoor attractions like Mount Rainier National Park, located 25 miles away. Allan Yorke Park, a popular local attraction, offers walking trails, a playground, and a skate park right on the water’s edge. The neighborhood showcases a variety of home styles, from modest midcentury designs to contemporary homes, with many older properties near the Lake Tapps shoreline. The Tehaleh community is a notable development, promising over 6,000 homes along with its own schools, grocery stores, and shops. Commercial activity is concentrated along State Route 410, featuring big box stores like Costco and Walmart, and dining options ranging from chains like Chick-fil-A to local favorites such as Happy Pho Time and Trapper’s Sushi. The Sumner-Bonney Lake School District is highly rated, contributing to the area's growing popularity. While residents will need a car due to the lack of bus service, major routes like State Route 410 and Interstate 5 facilitate travel. Bonney Lake is safer than the national average, with low crime rates that have decreased over the past decade.
Home Trends in Bonney Lake, WA
On average, homes in Bonney Lake, WA sell after 51 days on the market compared to the national average of 50 days. The median sale price for homes in Bonney Lake, WA over the last 12 months is $667,500, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$667,500
Median Single Family Sale Price
$695,000
Median Townhouse Sale Price
$522,500
Median 2 Bedroom Sale Price
$410,000
Average Price Per Sq Ft
$326
Number of Homes for Sale
131
Last 12 months Home Sales
365
Median List Price
$699,950
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%