Is Timberlane, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Timberlane is a seller's market

Buyer's
Market

Difference Since December 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

$650,000

$373/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$85,000(+15.0%)

Key Takeaway

Homes in Timberlane have sold for 15% more than they did a year ago.

Summary: The median home sold price in Timberlane was $650,000 in December 2024, up 15% from last year, and the median price per square foot was $373.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $425.5K$450K
+5.8%
3 $523K$610K
+16.6%
4 $678K$699.9K
+3.2%
5+ $817.5K$877K
+7.3%

Summary: Timberlane housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 7.3%.

Housing Supply in Timberlane, WA

How many homes are available in Timberlane, WA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5133-35.3%

Summary: The Timberlane real estate market had 33 homes for sale in December 2024, a 35.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 2213
-40.9%
4 1613
-18.8%
5+ 126
-50.0%

Summary: The Timberlane housing inventory by bedroom type for December 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 40.9%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1910-47.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Timberlane, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in Timberlane in December 2024, down by 47.4% month-over-month. Of the 10 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% 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

Dec 2023Dec 2024CHANGE
70 Days25 Days-63.7%

Summary: Homes in Timberlane had an average of 25 days on market in Dec 2024, down by 63.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Timberlane are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 10 homes were sold in Timberlane; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% 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

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