$7,005 Closing Credit*
$589,900
2,590 SqFt
3 Beds
•3 Full Baths, 1 Partial
John A Bowman, Listing Office: Old Dominion Realty
Is Timberville, VA 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, Timberville was a Neutral Market.
Key Takeaway
Timberville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Timberville, VA
How much do homes in Timberville, VA cost?
Median Sold Price
$278,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$14,000(-4.8%)
Key Takeaway
Homes in Timberville have sold for 4.8% less than they did a year ago.
Summary: The median home sold price in Timberville was $278,000 in November 2024, down 4.8% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $235K | N/A |
| 3 Bedrooms | $272K | $277K | +1.8% |
| 4 Bedrooms | $769K | $347.5K | -54.8% |
| 5+ Bedrooms | - | $575K | N/A |
Summary: Timberville 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 increased by 1.8%, 4 bedroom homes decreased by 54.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Plains | $325K | $328.5K | +1.1% |
| Timberville | $292K | $278K | -4.8% |
Housing Supply in Timberville, VA
How many homes are available in Timberville, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Summary: The Timberville real estate market had 12 homes for sale in November 2024, a 14.3% 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 | 9 | 7 | -22.2% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Timberville 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 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Timberville, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Timberville in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Timberville, VA
How long does it take to sell a home in Timberville, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 9 Days | -52.6% |
Summary: Homes in Timberville had an average of 9 days on market in Nov 2024, down by 52.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Timberville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Timberville; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
