Is Timberlake, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Timberlake is a seller's market

Buyer's
Market

Difference Since June 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

$397,500

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$40,000(+11.2%)

Key Takeaway

Homes in Timberlake have sold for 11.2% more than they did a year ago.

Summary: The median home sold price in Timberlake was $397,500 in June 2024, up 11.2% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $289.9K$149K
-48.6%
3 $354.9K$397.5K
+12.0%
4 $409K$420K
+2.7%
5+ --
N/A

Summary: Timberlake housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 48.6%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Roxboro Township
+18.7%
Timberlake
+11.2%
Flat River Township
+4.6%
Mount Tirzah Township
+0.6%
Rougemont
-3.6%

Housing Supply in Timberlake, NC

How many homes are available in Timberlake, NC?

Number of Homes For Sale

May 2024Jun 2024CHANGE
1817-5.6%

Summary: The Timberlake real estate market had 17 homes for sale in June 2024, a 5.6% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1615
-6.3%
4 22
0.0%
5+ 00
0.0%

Summary: The Timberlake housing inventory by bedroom type for June 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 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
550.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Timberlake, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Timberlake in June 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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

Jun 2023Jun 2024CHANGE
80 Days16 Days-79.9%

Summary: Homes in Timberlake had an average of 16 days on market in Jun 2024, down by 79.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 5 homes were sold in Timberlake; 80% of homes were sold within 30 days, 20% 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 13 Days Ago

Newest Listings in Timberlake, NC

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