$3,848 Closing Credit*
$324,000
2,640 SqFt
4 Beds
•2 Full Baths, 1 Partial
Christine Rangel, Listing Office: StepStone Realty, LLC
Is Timber Ridge, TX 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, 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
$255,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$8,900(-3.4%)
Key Takeaway
Homes in Timber Ridge have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in Timber Ridge was $255,000 in November 2024, down 3.4% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $222K | N/A |
| 3 Bedrooms | $261K | $255K | -2.3% |
| 4 Bedrooms | $280K | $257.5K | -8.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Timber Ridge 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 did not change, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes did not change.
Housing Supply in Timber Ridge, TX
How many homes are available in Timber Ridge, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Summary: The Timber Ridge real estate market had 14 homes for sale in November 2024, a 17.6% 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 | 10 | 8 | -20.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Timber Ridge 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 20%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 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. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Timber Ridge in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 56 Days | +196.1% |
Summary: Homes in Timber Ridge had an average of 56 days on market in Nov 2024, up by 196.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Timber Ridge has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Timber Ridge; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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.