Timberlake, NC Home Values & Market Trends

Real estate market trends reflect that there have been 103 transactions over the past year in Timberlake. The median value for residential home transactions that occurred over the previous year is $295,380.35. The number of current listings in Timberlake is 14, and the percentage of properties for sale in the city is 14.00%. Timberlake, NC currently has 5 properties in foreclosure, 1 bank owned properties, 2 properties headed for auction, and 14 properties for sale.

Timberlake, NC Real Estate Market Overview

ZipMedian Est. Value
27583

$ 339,644

$ 206/sqft

Housing Market Summary for Timberlake, NC

Apr 2023March 2024Change
Median Listing Price$379.9K$224.4K-40.92%
Median Sold Price$342.4K$224.4K-34.45%
Homes For Sale118-27.27%
Homes Sold6238-38.71%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Timberlake, NC

Timberlake home values range from $20,270 to $2,031,935. The median estimated value of a home in Timberlake is $295,380.35. The median list price of a home is 375,000, and the total count of properties in the city is 3,069.

Foreclosure
There is 1 zips within Timberlake, NC; within this zips, the median estimated home value for homes in foreclosure ranges from $340,425 in 27583 to the lowest value of $99,804 in 27583. Foreclosure homes account for 0.00% of properties in Timberlake, NC with 27583 containing 5 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.07% of all residential properties in Timberlake, NC with 27583 containing 2 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Timberlake, NC; of that zips, the estimated home value for pre-foreclosure homes ranges from $340,425 in 27583 to the lowest home value of $340,425 in 27583.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Timberlake, NC ranges from the highest value of $179,728 in 27583 to the lowest value of $179,728 in 27583. Bank owned homes and properties account for 0.03% of properties in Timberlake, NC. There is 1 zips within Timberlake, NC; 27583 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    27583 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Timberlake, NC. Auction homes and other auction properties account for 0.07% of all properties in Timberlake, NC. There is 1 zips within Timberlake, NC; of that zips, the median estimated home value for homes going to auction ranges from $167,914 in 27583 to the lowest value of $99,804 in 27583.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.46% of residential properties in Timberlake, NC with 27583 containing 14 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Timberlake, NC; homes for sale in that zips, have a range of median values from $534,900 in 27583 to the lowest value of $173,565 in 27583.
    Sold Homes
    The median value for recently sold homes ranges from $776,472 in 27583 to the lowest price of $43,540 in 27583. There is 1 zips within Timberlake, NC. 27583 has 47 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.53% of properties in Timberlake, NC.

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      Guide for Timberlake, NC

      Foreclosure
      North Carolina Foreclosure Laws
      Buy to Rent
      Asheville, North Carolina Real Estate Market Snapshot – April 2024
      Buy to Rent
      Greensboro Real Estate Trends Shift: Property Values Decline, But Activity Remains Buoyant in 2023 – 2024
      Buy to Rent
      Real Estate Trends in the Durham, NC – Feb 2024
      See More Articles
      North Carolina Foreclosure Laws
      Foreclosure|posted 6 June 2019

      North Carolina Foreclosure Laws

      Asheville, North Carolina Real Estate Market Snapshot – April 2024
      Buy to Rent|posted 17 April 2024

      A look at the Asheville’s real estate market trends from May 2023 to March 2024, highlighting key trends and dynamics in home values, sale prices, and supply.

      Greensboro Real Estate Trends Shift: Property Values Decline, But Activity Remains Buoyant in 2023 – 2024
      Buy to Rent|posted 12 March 2024

      In Greensboro, NC, real estate trends indicate a decreasing average property value and sale price as of February 2024 while maintaining consistent market activity. Property values in the city indicate an affordable entry point for homebuying in comparison to neighboring areas.

      Real Estate Trends in the Durham, NC – Feb 2024
      Buy to Rent|posted 29 February 2024

      The Durham, NC real estate market is showing dynamic trends, with fluctuations in property value and sold prices across the year and in neighboring cities. Local demand, economic factors, and community growth have created a complex market with growth potential, minimal distressed sales, and distinct opportunities for various buyer segments.

      Recently Listed Homes Timberlake, NC

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