Is Timberlake, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Timberlake has remained a Seller's Market.
Key Takeaway
Timberlake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Timberlake, NC
How much do homes in Timberlake, NC cost?
Median Sold Price
$395,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Timberlake have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Timberlake was $395,000 in May 2024, up 12.1% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $213.2K | $264.5K | +24.1% |
| 3 Bedrooms | $349.5K | $397.5K | +13.7% |
| 4 Bedrooms | $409K | $470.5K | +15.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Timberlake 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 increased by 24.1%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 15%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Roxboro Township | $213.9K | $260K | +21.5% |
| Timberlake | $352.5K | $395K | +12.1% |
| Flat River Township | $343.9K | $368.7K | +7.2% |
| Mount Tirzah Township | $350K | $347.5K | -0.7% |
| Rougemont | $368.5K | $365.2K | -0.9% |
Housing Supply in Timberlake, NC
How many homes are available in Timberlake, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Summary: The Timberlake real estate market had 16 homes for sale in May 2024, a 11.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Timberlake 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 remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Timberlake, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Timberlake in May 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Timberlake, NC
How long does it take to sell a home in Timberlake, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 7 Days | -76.7% |
Summary: Homes in Timberlake had an average of 7 days on market in May 2024, down by 76.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Timberlake are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Timberlake; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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