A leafy, semi-rural pocket of the South Bay in the Sweetwater Valley — larger lots, horse properties, and the area's most sought-after neighborhoods.
Bonita sits at the top of the South Bay market. Inventory is tight and prices hold firm, though at this price point homes take a few weeks and sell just under ask.
The trailing-3-month median sits around $1.18M, with about 1.8 months of supply, homes selling near 97.5% of original price, and a median of roughly 26 days on market.
Bonita offers space, larger lots, and a semi-rural feel while staying minutes from the bay and downtown. Inventory is scarce, so patience and a strong offer both pay off.
Bonita commands a premium in the South Bay. With supply tight, well-presented homes draw serious buyers — price to the trend and homes here still move at strong numbers.
Supply is running around 1.8 months. As long as listings stay scarce, prices hold firm; a meaningful rise in inventory would be the first sign of easing.
Rates sit higher than they were a couple of years ago — the main headwind on demand. A meaningful drop would likely bring buyers off the sidelines quickly.
Limited inventory keeps Bonita a seller-favored market and the price leader of the South Bay, with steady demand for its space and setting.
This is a focused market, so a single month's median can spike or dip. Weigh the multi-year trajectory — the bold trend line above — over any one data point.