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 4 Days Ago

Newest Listings in Timberwood, TX

Nearby Markets to Timberwood, TX