Timber Lake is a popular SE Tallahassee neighborhood located about ten minutes from downtown Tallahassee out Apalachee Parkway just beyond Capital Circle Northeast.
Featuring 236 detached single-family homes on 1/8th of an acre more or less, Timber Lake buyers will gain quick access to town with a home that is priced far below what it would take to replace.
Homes For Sale In Timber Lake
View the most recent listings in Timber Lake, continuously updated to reflect the current market inventory.
Timber Lake Homes for Sale
Timber Lake Schools
Residents of Timber Lake attend these Leon County public schools:
This report covers home prices, values, and sizes in Timber Lake, with three graphs and a complete list of closed home sales going back to 1991.
In each real estate graph, annual closed home sales are represented by red columns (left vertical axis), while a key real estate metric is shown in blue (right vertical axis).
This narrative reflects sales through December for all previous years, and through the first two weeks of June 2020. The graphs and closed sales table below update continuously, so bookmark this page if you always want to know the current status of homes in Timber Lake.
Timber Lake Home Prices
The average home price in Timber Lake has remained around $142K for the past two years.
Considering that these are all single-family detached homes on a small parcel of land, prices are likely to run significantly higher now and over the foreseeable future. Activity in Timber Lake continues to be very good, as the combination of low inventory and incredibly low prices makes Timber Lake a very desirable place to live. Currently, there are five homes for sale in Timber Lake and two of them are already under contract with buyers.
Timber Lake Home Values
The average home value in Timber Lake has not moved much over the past two years, but that trend is changing.
Expect to see the average home value in Timber Lake soar before this year is through. Homes are already selling at higher average values, but a few low-value sales recorded earlier in the year have repressed the average right now. The average home value in Timber Lake in 2020 is $121 per square foot.
Have You Heard About Our Long-Term Shop & Lock Mortgage Program?
In this crazy seller's market, it can be tough to get a home under contract when so many other buyers are bidding on the same home as you. In fact, there are many buyers who have tried and failed multiple times to get homes under contract, and they are facing a problem we have not seen in the past.
Mortgage interest rates are moving higher, and many buyers have found that the rate has grown so much since they first began their home search that they no longer can afford to buy at the price they have been shopping. This is why for many buyers we recommend they evaluate a long-term rate lock that will allow them to shop for up to NINE (9) months without losing their loan commitment.
Simply provide your contact information below and we will help you evaluate the best time and way to utilize a mortgage interest rate lock.
Timber Lake Home Sizes
The average size of the homes sold in Timber Lake typically falls within a very tight range of 1,150 to 1,250 square feet, and 2020 is no different.
The 13 homes sold in 2020 were measured at an average size of 1,188 square feet.
Historical Record of Home Sales in Timber Lake
The following list shows more than 610 home sales in Timber Lake since 1991. You can reorganize the list by clicking the column heading for the data you wish to sort by.
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