In June 2017, there were two homes sold, with a median sale price of $152,450 - a 46.2% increase over the $104,300 median sale price for the same period of the previous year. There were two homes sold in Timberlake in June 2016, as well.
The median sales tax in Timberlake for the most recent year with available data, 2015, was $4,281, approximately 2.8% of the median home sale price for June 2017.
The following table compares Timberlake to other Lake County cities with similar median sales prices in June 2017:
| City | June 2017 Home Sales | June 2016 Home Sales | % change (Total Home Sales) | June 2017 Median Sales Price | June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Kirtland Hills | 1 | 2 | -50% | $315,000 | $380,000 | -17.1% |
| North Perry | 11 | 15 | -26.7% | $225,000 | $194,000 | 16% |
| Kirtland | 15 | 9 | 66.7% | $180,000 | $245,000 | -26.5% |
| Mentor | 120 | 112 | 7.1% | $167,000 | $150,500 | 11% |
| Willoughby Hills | 9 | 8 | 12.5% | $160,000 | $227,450 | -29.7% |
| Timberlake | 2 | 2 | 0% | $152,450 | $104,300 | 46.2% |
| Painesville on-the-Lake | 1 | 1 | 0% | $150,000 | $88,000 | 70.5% |
| Shoreland | 1 | 0 | - | $144,400 | $0 | - |
| Painesville | 94 | 94 | 0% | $136,000 | $154,350 | -11.9% |
| Perry | 8 | 4 | 100% | $133,950 | $209,250 | -36% |
| Avenues Mobile Estates | 2 | 0 | - | $131,950 | $0 | - |
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