Is Timberwood, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Timberwood is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Timberwood was a Seller's Market.

Key Takeaway

Timberwood is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Timberwood, TX

How much do homes in Timberwood, TX cost?

Median Sold Price

$539,900

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$30,100(-5.3%)

Key Takeaway

Homes in Timberwood have sold for 5.3% less than they did a year ago.

Summary: The median home sold price in Timberwood was $539,900 in October 2024, down 5.3% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $500K$510.1K
+2.0%
4 $721K$566K
-21.5%
5+ $575K$520K
-9.6%

Summary: Timberwood housing prices by bedroom type for October 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 increased by 2%, 4 bedroom homes decreased by 21.5%, and 5+ bedroom homes decreased by 9.6%.

Housing Supply in Timberwood, TX

How many homes are available in Timberwood, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4351+18.6%

Summary: The Timberwood real estate market had 51 homes for sale in October 2024, a 18.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1822
+22.2%
4 2124
+14.3%
5+ 44
0.0%

Summary: The Timberwood 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 increased by 100%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Timberwood, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Timberwood in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.

Days on Market for Timberwood, TX

How long does it take to sell a home in Timberwood, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
74 Days73 Days-0.7%

Summary: Homes in Timberwood had an average of 73 days on market in Oct 2024, down by 0.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Timberwood has remained consistent over time.

Summary: During October 2024, 8 homes were sold in Timberwood; 25% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% 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 20 Days Ago

Newest Listings in Timberwood, TX

Nearby Markets to Timberwood, TX