Is Timber Lake Estates, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Timber Lake Estates is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Timber Lake Estates has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Timber Lake Estates, IL

How much do homes in Timber Lake Estates, IL cost?

Median Sold Price

$459,500

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$34,500(+8.1%)

Key Takeaway

Homes in Timber Lake Estates have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in Timber Lake Estates was $459,500 in April 2024, up 8.1% from last year, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $367.5K$402K
+9.4%
4 $544.5K$490K
-10.0%
5+ -$729.9K
N/A

Summary: Timber Lake Estates housing prices by bedroom type for April 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 increased by 9.4%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Timber Lake Estates
+8.1%
Tristate Village
+6.7%

Housing Supply in Timber Lake Estates, IL

How many homes are available in Timber Lake Estates, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
23+50.0%

Summary: The Timber Lake Estates real estate market had 3 homes for sale in April 2024, a 50.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 12
+100.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Timber Lake Estates housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Timber Lake Estates, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Timber Lake Estates in April 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Timber Lake Estates, IL

How long does it take to sell a home in Timber Lake Estates, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
11 Days2 Days-81.8%

Summary: Homes in Timber Lake Estates had an average of 2 days on market in Apr 2024, down by 81.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 1 homes were sold in Timber Lake Estates; 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.

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

Report Updated 3 Days Ago

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