The median sale price of a home sold in the first half of 2017 in Timberlake rose by $44,750 while total sales decreased by 66.7%, according to BlockShopper.com.
From January through June of 2017, there were two homes sold, with a median sale price of $268,500 – a 20% increase over the $223,750 median sale price for the same period of the previous year. There were six homes sold in Timberlake in the first half of 2016.
The median sales tax in Timberlake for the most recent year with available data, 2016, was $1,298, approximately 0.5% of the median home sale price for the first half of 2017.
The following table compares Timberlake to other Wake County cities with similar median sales prices in the first half of 2017:
| City | Jan. – June 2017 Home Sales | Jan. – June 2016 Home Sales | % change (Total Home Sales) | Jan. – June 2017 Median Sales Price | Jan. – June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Wake Forest | 387 | 581 | -33.4% | $300,000 | $298,000 | 0.7% |
| Holly Springs | 344 | 573 | -40% | $300,000 | $309,500 | -3.1% |
| Apex | 431 | 614 | -29.8% | $299,000 | $315,000 | -5.1% |
| Morrisville | 129 | 228 | -43.4% | $295,000 | $293,500 | 0.5% |
| Durham | 4 | 21 | -81% | $281,500 | $250,500 | 12.4% |
| Timberlake | 2 | 6 | -66.7% | $268,500 | $223,750 | 20% |
| Fuquay-Varina | 321 | 574 | -44.1% | $246,000 | $249,500 | -1.4% |
| Raleigh | 3,164 | 3,814 | -17% | $244,500 | $225,750 | 8.3% |
| Angier | 8 | 17 | -52.9% | $236,000 | $250,000 | -5.6% |
| Willow Springs | 66 | 70 | -5.7% | $225,000 | $208,000 | 8.2% |
| Castlebrook Estates | 13 | 8 | 62.5% | $222,000 | $197,500 | 12.4% |
