Is Timbers Pointe, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Timbers Pointe is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Timbers Pointe has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Timbers Pointe, IL

How much do homes in Timbers Pointe, IL cost?

Median Sold Price

$490,000

$185/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$43,000(+9.6%)

Key Takeaway

Homes in Timbers Pointe have sold for 9.6% more than they did a month ago.

Summary: The median home sold price in Timbers Pointe was $490,000 in April 2024, up 9.6% from last month, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $389K$490K
+26.0%
5+ $505K-
N/A

Summary: Timbers Pointe housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 26%, and 5+ bedroom homes did not change.

Housing Supply in Timbers Pointe, IL

How many homes are available in Timbers Pointe, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
42-50.0%

Summary: The Timbers Pointe real estate market had 2 homes for sale in April 2024, a 50.0% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 00
0.0%
4 21
-50.0%
5+ 21
-50.0%

Summary: The Timbers Pointe 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 remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Timbers Pointe, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Timbers Pointe in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Timbers Pointe, IL

How long does it take to sell a home in Timbers Pointe, IL?

Average Sale Time

Mar 2024Apr 2024CHANGE
150 Days3 Days-98.0%

Summary: Homes in Timbers Pointe had an average of 3 days on market in Apr 2024, down by 98% compared to last month.

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 Timbers Pointe are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 1 homes were sold in Timbers Pointe; 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 5 Days Ago

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