$5,105 Closing Credit*
$429,900
3,006 SqFt
4 Beds
•3 Full Baths
Mason Kiffmeyer, Listing Office: LPT Realty, Inc
Is Timberlake, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Timberlake has remained a Seller's Market.
Key Takeaway
Timberlake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Timberlake, VA
How much do homes in Timberlake, VA cost?
Median Sold Price
$311,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,000(+9.1%)
Key Takeaway
Homes in Timberlake have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Timberlake was $311,000 in November 2024, up 9.1% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $218.5K | $282.4K | +29.3% |
| 3 Bedrooms | $275K | $298.5K | +8.5% |
| 4 Bedrooms | $314.9K | $340K | +8.0% |
| 5+ Bedrooms | $330K | $377.4K | +14.4% |
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 29.3%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 14.4%.
Housing Supply in Timberlake, VA
How many homes are available in Timberlake, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Summary: The Timberlake real estate market had 18 homes for sale in November 2024, a 10.0% 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 | 13 | 10 | -23.1% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 2 | 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 23.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Timberlake, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Timberlake in November 2024, up by 200.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Timberlake, VA
How long does it take to sell a home in Timberlake, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 8 Days | 14 Days | +83.3% |
Summary: Homes in Timberlake had an average of 14 days on market in Nov 2024, up by 83.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Timberlake are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Timberlake; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
