$3,432 Closing Credit*
$289,000
2,021 SqFt
4 Beds
•2 Full Baths, 1 Partial
Kristopher Hochart, Listing Office: Red Wagon Properties
Is Timber Ridge, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Timber Ridge was a Buyer's Market.
Key Takeaway
Timber Ridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Timber Ridge, TX
How much do homes in Timber Ridge, TX cost?
Median Sold Price
$295,000
$170/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$20,100(+7.3%)
Key Takeaway
Homes in Timber Ridge have sold for 7.3% more than they did a month ago.
Summary: The median home sold price in Timber Ridge was $295,000 in October 2024, up 7.3% from last month, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $260K | N/A |
| 4 Bedrooms | $274.9K | $299.9K | +9.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Timber Ridge 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 increased by 9.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Timber Ridge | $274.9K | $295K | +7.3% |
| Estonia | $307K | $313.9K | +2.2% |
Housing Supply in Timber Ridge, TX
How many homes are available in Timber Ridge, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 19 | +5.6% |
Summary: The Timber Ridge real estate market had 19 homes for sale in October 2024, a 5.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Timber Ridge 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 increased by 20%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Timber Ridge, expect to pay close to the asking price. 80% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Timber Ridge in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 80% were sold at asking, and 20% were sold over asking.
Days on Market for Timber Ridge, TX
How long does it take to sell a home in Timber Ridge, TX?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 35 Days | +60.9% |
Summary: Homes in Timber Ridge had an average of 35 days on market in Oct 2024, up by 60.9% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Timber Ridge has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Timber Ridge; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the San Antonio Board of Realtors. Real estate listings held by brokerage firms are indicated by detailed information about them such as the name of the listing firms. © 2024 San Antonio Board of Realtors®. All Rights Reserved.