$8,313 Closing Credit*
$700,000
4,400 SqFt
4 Beds
•3 Full Baths, 1 Partial
Heidi Grable, Listing Office: Berkshire Hathaway HomeService
Is Timberlake, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Timberlake was a Seller's Market.
Key Takeaway
Timberlake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Timberlake, NC
How much do homes in Timberlake, NC cost?
Median Sold Price
$399,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,000(+6.4%)
Key Takeaway
Homes in Timberlake have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Timberlake was $399,000 in November 2024, up 6.4% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $264.5K | $282.5K | +6.8% |
| 3 Bedrooms | $370K | $397K | +7.3% |
| 4 Bedrooms | $409K | $471K | +15.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Timberlake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Roxboro Township | $229.9K | $262.9K | +14.3% |
| Timberlake | $375K | $399K | +6.4% |
| Rougemont | $368.5K | $372K | +0.9% |
| Flat River Township | $370K | $339K | -8.4% |
Housing Supply in Timberlake, NC
How many homes are available in Timberlake, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Summary: The Timberlake real estate market had 9 homes for sale in November 2024, a 30.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 12 | 8 | -33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Timberlake housing inventory by bedroom type for November 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 remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were 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. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Timberlake in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 49 Days | +36.7% |
Summary: Homes in Timberlake had an average of 49 days on market in Nov 2024, up by 36.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Timberlake has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Timberlake; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.