$7,303 Closing Credit*
$615,000
1,850 SqFt
4 Beds
•1 Full Bath
Rebbecca Punak, Listing Office: Windermere Real Estate/East
Is Timberlane, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Timberlane has remained a Seller's Market.
Key Takeaway
Timberlane is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Timberlane, WA
How much do homes in Timberlane, WA cost?
Median Sold Price
$640,000
$369/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$80,000(+14.3%)
Key Takeaway
Homes in Timberlane have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in Timberlane was $640,000 in October 2024, up 14.3% from last year, and the median price per square foot was $369.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $425K | $450K | +5.9% |
| 3 Bedrooms | $518K | $598K | +15.4% |
| 4 Bedrooms | $684.4K | $690K | +0.8% |
| 5+ Bedrooms | $817.5K | $888K | +8.6% |
Summary: Timberlane 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 increased by 5.9%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 8.6%.
Housing Supply in Timberlane, WA
How many homes are available in Timberlane, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 61 | 60 | -1.6% |
Summary: The Timberlane real estate market had 60 homes for sale in October 2024, a 1.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 28 | 27 | -3.6% |
| 4 Bedrooms | 19 | 22 | +15.8% |
| 5+ Bedrooms | 13 | 10 | -23.1% |
Summary: The Timberlane 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 remained the same, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 23.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 26 | +73.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Timberlane, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.
Summary: A total of 26 homes were sold or pending in Timberlane in October 2024, up by 73.3% month-over-month. Of the 26 sold homes, 31% were sold under asking, 46% were sold at asking, and 23% were sold over asking.
Days on Market for Timberlane, WA
How long does it take to sell a home in Timberlane, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 50 Days | +228.5% |
Summary: Homes in Timberlane had an average of 50 days on market in Oct 2024, up by 228.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Timberlane are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in Timberlane; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.