Is Timberlake, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Timberlake was a Neutral 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
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since April 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 April 2024, up 2% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $213.2K | $264.5K | +24.1% |
| 3 Bedrooms | $360K | $372.5K | +3.5% |
| 4 Bedrooms | $409K | $470.5K | +15.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Timberlake 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 increased by 24.1%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 15%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Roxboro Township | $214.9K | $255K | +18.6% |
| Flat River Township | $337.5K | $367K | +8.7% |
| Timberlake | $367.5K | $375K | +2.0% |
| Rougemont | $369.9K | $370.2K | 0.1% |
| Mount Tirzah Township | $356K | $340K | -4.5% |
Housing Supply in Timberlake, NC
How many homes are available in Timberlake, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Summary: The Timberlake real estate market had 16 homes for sale in April 2024, a 6.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Timberlake 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 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was 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 4 homes were sold or pending in Timberlake in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 94 Days | 46 Days | -51.1% |
Summary: Homes in Timberlake had an average of 46 days on market in Apr 2024, down by 51.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were 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 April 2024, 4 homes were sold in Timberlake; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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