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Featured local agent — Bonanza, GA
Sarah Mitchell
Compass Real Estate · Bonanza, GA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Bonanza, GA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$186,000median sale price
How is the Bonanza, GA housing market right now?
The median home sale price in Bonanza, GA is $186,000, down 18.9% year-over-year. Homes sell in an average of 58 days with 15 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Bonanza a buyer's or seller's market?
Bonanza, GA is currently a balanced market, based on 2.5 months of supply and homes selling in about 58 days. How we determine this →
Homes sold
6
Last 12 weeks
Days on market
58
Average pace
Active listings
15
2.5 months supply
Sale-to-list
95.9%
Below asking
What does the Bonanza housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $186,000 |
| Median list price | $255,000 |
| Year-over-year price change | -18.9% |
| Average days on market | 58 days |
| Active inventory | 15 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 95.9% |
| Median price per sq ft | $129/sq ft |
| Homes sold (latest month) | 6 |
| New listings (latest month) | 4 |
| Listings with a price cut | 13.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Bonanza by property type?
How the Bonanza, GA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $186,000 | $129/sq ft | 6 | 58 days |
Source: Redfin · Updated monthly
The Bonanza housing market is currently classified as a balanced market with a median sale price of $186,000. Prices have fallen 18.9% compared to last year, with homes spending an average of 58 days on market, indicating 2.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.5x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Bonanza
There are currently 15 homes listed for sale in Bonanza, Georgia. The median listing price is $255K.
Active listings
15
Homes on market
Median list price
$255K
Avg. days on market
58
Days until sale
New this week
4
Newly listed
Who lives in Bonanza?
Population
3,567
Median income
$63,308/yr
Median age
38.5 years
Owner-occupied
55.2%
College grads
21.7%
Avg commute
27.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Bonanza?
Zillow home value
$223,343
Zillow rent index
$1,856/mo
Price-to-rent ratio
10.0x
Price-to-income
3.5x
Source: Zillow Research
What is it like to live in Bonanza?
Bonanza is a community of approximately 4K residents with a median age of 38.5 years.The median household income is $63,308, which represents a working-class community with solid middle-income opportunities. 21.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 55.2%, showing a blend of owner and renter-occupied properties. The average commute time is 27.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Bonanza offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Bonanza, GA?
Want a head-to-head view? Compare Bonanza side-by-side with any other U.S. city using our market-comparison tool.
Is Bonanza a good real estate investment market?
For investors evaluating Bonanza, the price-to-rent ratio of 10.0x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 18.9% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Bonanza's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Bonanza's median home price.
Frequently asked questions
What is the average home price in Bonanza?
The median home sale price in Bonanza is $186,000, down 18.9% from last year.
How long do homes stay on market in Bonanza?
Homes typically spend 58 days on market before going under contract.
What is the median income in Bonanza?
The median household income is $63,308 per year.
Is Bonanza a buyer's or seller's market?
With 2.5 months of supply, Bonanza is currently a balanced market.
What is the Zillow home value estimate for Bonanza?
The Zillow Home Value Index (ZHVI) for Bonanza is $223,343, representing the typical home value in the area.
How much does a single-family home cost in Bonanza?
The median single-family home price in Bonanza, GA is $186,000 (about $129 per square foot).
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