Is Timberlane, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Timberlane is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Timberlane, IL

How much do homes in Timberlane, IL cost?

Median Sold Price

$440,450

$115/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$16,550(-3.6%)

Key Takeaway

Homes in Timberlane have sold for 3.6% less than they did a month ago.

Summary: The median home sold price in Timberlane was $440,450 in October 2024, down 3.6% from last month, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $457K$440.4K
-3.6%
5+ --
N/A

Summary: Timberlane housing prices by bedroom type for October 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 decreased by 3.6%, and 5+ bedroom homes did not change.

Housing Supply in Timberlane, IL

How many homes are available in Timberlane, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
75-28.6%

Summary: The Timberlane real estate market had 5 homes for sale in October 2024, a 28.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 00
0.0%
4 75
-28.6%
5+ 00
0.0%

Summary: The Timberlane housing inventory by bedroom type for October 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 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was 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 Timberlane, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Timberlane in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Timberlane, IL

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

Average Sale Time

Sep 2024Oct 2024CHANGE
5 Days6 Days+18.2%

Summary: Homes in Timberlane had an average of 6 days on market in Oct 2024, up by 18.2% compared to last month.

Breakdown of Home Sale Times

2 Homes Were 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 Timberlane are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Timberlane; 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 26 Days Ago

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