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Featured local agent — Timberlane, IL
Sarah Mitchell
Compass Real Estate · Timberlane, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Timberlane, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$553,000median sale price
How is the Timberlane, IL housing market right now?
The median home sale price in Timberlane, IL is $553,000, down 4.7% year-over-year. Homes sell in an average of 6 days. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Timberlane a buyer's or seller's market?
Timberlane, IL is currently a balanced market and homes selling in about 6 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
6
Fast-moving
Active listings
—
Sale-to-list
96.0%
Below asking
What does the Timberlane housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $553,000 |
| Year-over-year price change | -4.7% |
| Average days on market | 6 days |
| Sale-to-list price ratio | 96.0% |
| Median price per sq ft | $201/sq ft |
| Homes sold (latest month) | 2 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Timberlane by property type?
How the Timberlane, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $553,000 | $201/sq ft | 2 | 6 days |
Source: Redfin · Updated monthly
The Timberlane housing market is currently classified as a balanced market with a median sale price of $553,000. Prices have fallen 4.7% compared to last year, with homes spending an average of 6 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.3x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Timberlane
Explore homes currently listed for sale in Timberlane, Illinois across major real estate platforms.
Who lives in Timberlane?
Population
1,291
Median income
$194,286/yr
Median age
38.9 years
Owner-occupied
99.0%
College grads
49.0%
Avg commute
32.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Timberlane?
Zillow home value
$446,129
Price-to-income
2.3x
Source: Zillow Research
What is it like to live in Timberlane?
Timberlane is a community of approximately 1K residents with a median age of 38.9 years.The median household income is $194,286, which reflects a relatively affluent area with strong earning potential. 49.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 99.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 32.8 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Timberlane offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Timberlane, IL?
Want a head-to-head view? Compare Timberlane side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Timberlane?
The median home sale price in Timberlane is $553,000, down 4.7% from last year.
How long do homes stay on market in Timberlane?
Homes typically spend 6 days on market before going under contract.
What is the median income in Timberlane?
The median household income is $194,286 per year.
What is the Zillow home value estimate for Timberlane?
The Zillow Home Value Index (ZHVI) for Timberlane is $446,129, representing the typical home value in the area.
How much does a single-family home cost in Timberlane?
The median single-family home price in Timberlane, IL is $553,000 (about $201 per square foot).
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