$4,809 Closing Credit*
$405,000
2,400 SqFt
3 Beds
•3 Full Baths, 1 Partial
Erica L Mabry, Listing Office: Lauren Bell Real Estate, Inc.
Is Timberlake, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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, VA
How much do homes in Timberlake, VA cost?
Median Sold Price
$314,900
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$32,900(+11.7%)
Key Takeaway
Homes in Timberlake have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in Timberlake was $314,900 in September 2024, up 11.7% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $240K | $282.4K | +17.7% |
| 3 Bedrooms | $275K | $298K | +8.4% |
| 4 Bedrooms | $300K | $344.9K | +15.0% |
| 5+ Bedrooms | $330K | $377.4K | +14.4% |
Summary: Timberlake housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 14.4%.
Housing Supply in Timberlake, VA
How many homes are available in Timberlake, VA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 23 | 15 | -34.8% |
Summary: The Timberlake real estate market had 15 homes for sale in September 2024, a 34.8% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 12 | 8 | -33.3% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Timberlake housing inventory by bedroom type for September 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 33.3%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 12 | 6 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Timberlake, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Timberlake in September 2024, down by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Timberlake, VA
How long does it take to sell a home in Timberlake, VA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 30 Days | 13 Days | -53.9% |
Summary: Homes in Timberlake had an average of 13 days on market in Sep 2024, down by 53.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was 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 September 2024, 6 homes were sold in Timberlake; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
