Is Timberlake, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$375,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Timberlake have sold for 2% more than they did a year ago.
Summary: The median home sold price in Timberlake was $375,000 in March 2024, up 2% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $213.2K | $264.5K | +24.1% |
| 3 Bedrooms | $350K | $375K | +7.1% |
| 4 Bedrooms | $420K | $422.7K | +0.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Timberlake housing prices by bedroom type for March 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 7.1%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Roxboro Township | $224.9K | $250K | +11.1% |
| Flat River Township | $337.5K | $370K | +9.6% |
| Timberlake | $367.5K | $375K | +2.0% |
| Rougemont | $364.9K | $368.5K | +1.0% |
Housing Supply in Timberlake, NC
How many homes are available in Timberlake, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Summary: The Timberlake real estate market had 11 homes for sale in March 2024, a 10.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Timberlake housing inventory by bedroom type for March 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 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Timberlake, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Timberlake in March 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 59 Days | 66 Days | +11.0% |
Summary: Homes in Timberlake had an average of 66 days on market in Mar 2024, up by 11% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Timberlake are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Timberlake; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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