Timberlane home prices rise in the third quarter of 2020

Medium realestate4

The median sale price of a home sold in the third quarter of 2020 in Timberlane rose by $26,000 while total sales decreased by 16.7%, according to BlockShopper.com.

From July through September of 2020, there were five homes sold, with a median sale price of $313,500 - a 9% increase over the $287,500 median sale price for the same period of the previous year. There were six homes sold in Timberlane in the third quarter of 2019.

The median sales tax in Timberlane for the most recent year with available data, 2019, was $7,392, approximately 2.4% of the median home sale price for the third quarter of 2020.

The following table compares Timberlane to other Boone County cities in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Loves Park10911.1%$265,000$263,3930.6%
Poplar Grove362544%$192,250$198,000-2.9%
Candlewick Lake512696.2%$132,000$138,500-4.7%
Garden Prairie21100%$34,500$80,000-56.9%

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