From April through June of 2017, there were five homes sold, with a median sale price of $96,100 - a 7.9% decrease over the $104,300 median sale price for the same period of the previous year. There were two homes sold in Timberlake in the second quarter of 2016.
The median sales tax in Timberlake for the most recent year with available data, 2015, was $4,281, approximately 4.5% of the median home sale price for the second quarter of 2017.
The following table compares Timberlake to other Lake County cities with similar median sales prices in the second quarter of 2017:
| City | Apr. - June 2017 Home Sales | Apr. - June 2016 Home Sales | % change (Total Home Sales) | Apr. - June 2017 Median Sales Price | Apr. - June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Fairport Harbor | 17 | 17 | 0% | $122,700 | $99,000 | 23.9% |
| Perry | 12 | 13 | -7.7% | $117,000 | $180,000 | -35% |
| Painesville on-the-Lake | 2 | 4 | -50% | $114,000 | $69,250 | 64.6% |
| Willowick | 105 | 81 | 29.6% | $110,000 | $99,500 | 10.6% |
| Eastlake | 90 | 65 | 38.5% | $103,350 | $130,000 | -20.5% |
| North Madison | 47 | 59 | -20.3% | $98,700 | $100,000 | -1.3% |
| Timberlake | 5 | 2 | 150% | $96,100 | $104,300 | -7.9% |
| Wickliffe | 85 | 75 | 13.3% | $91,000 | $105,000 | -13.3% |
| Avenues Mobile Estates | 4 | 2 | 100% | $86,000 | $67,200 | 28% |
| Shoreland | 4 | 0 | - | $85,000 | $0 | - |
| Lane | 2 | 0 | - | $34,400 | $0 | - |
Alerts Sign-up