Is Bonaire, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bonaire is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Bonaire has remained a Seller's Market.

Key Takeaway

Bonaire is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bonaire, GA

How much do homes in Bonaire, GA cost?

Median Sold Price

$314,900

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$8,412(+2.7%)

Key Takeaway

Homes in Bonaire have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in Bonaire was $314,900 in May 2024, up 2.7% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 -$195K
N/A
3 $243K$240.2K
-1.2%
4 $339.2K$330K
-2.7%
5+ $427.9K$398.9K
-6.8%

Summary: Bonaire housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 6.8%.

Median Sold Price Compared To Nearby Cities

Bonaire
+2.7%
Warner Robins
+1.7%
Kathleen
0.2%
Elko
-3.3%

Housing Supply in Bonaire, GA

How many homes are available in Bonaire, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
102128+25.5%

Summary: The Bonaire real estate market had 128 homes for sale in May 2024, a 25.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 3553
+51.4%
4 4545
0.0%
5+ 2130
+42.9%

Summary: The Bonaire housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 51.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 42.9%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1723+35.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bonaire, expect to pay close to the asking price. 40.9% of homes here sold near the asking price last month.

Summary: A total of 23 homes were sold or pending in Bonaire in May 2024, up by 35.3% month-over-month. Of the 22 sold homes, 36% were sold under asking, 41% were sold at asking, and 23% were sold over asking.

Days on Market for Bonaire, GA

How long does it take to sell a home in Bonaire, GA?

Average Sale Time

May 2023May 2024CHANGE
46 Days71 Days+55.4%

Summary: Homes in Bonaire had an average of 71 days on market in May 2024, up by 55.4% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bonaire are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 23 homes were sold in Bonaire; 52% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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