From January through June of 2018, there were six homes sold, with a median sale price of $116,300 - a 6.9% decrease over the $124,900 median sale price for the same period of the previous year. There were seven homes sold in Timberlake in the first half of 2017.
The median sales tax in Timberlake for the most recent year with available data, 2015, was $4,281, approximately 3.7% of the median home sale price for the first half of 2018.
The following table compares Timberlake to other Lake County cities with similar median sales prices in the first half of 2018:
| City | Jan. - June 2018 Home Sales | Jan. - June 2017 Home Sales | % change (Total Home Sales) | Jan. - June 2018 Median Sales Price | Jan. - June 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Madison | 71 | 60 | 18.3% | $139,500 | $148,450 | -6% |
| Perry | 17 | 23 | -26.1% | $139,000 | $119,900 | 15.9% |
| Painesville | 308 | 426 | -27.7% | $136,650 | $129,950 | 5.2% |
| Mentor-on-the-Lake | 51 | 70 | -27.1% | $133,000 | $124,500 | 6.8% |
| Grand River | 7 | 5 | 40% | $130,000 | $125,000 | 4% |
| Timberlake | 6 | 7 | -14.3% | $116,300 | $124,900 | -6.9% |
| North Madison | 82 | 87 | -5.7% | $114,600 | $93,500 | 22.6% |
| Willowick | 141 | 163 | -13.5% | $113,000 | $107,000 | 5.6% |
| Eastlake | 120 | 147 | -18.4% | $104,700 | $94,900 | 10.3% |
| Fairport Harbor | 31 | 42 | -26.2% | $102,500 | $85,000 | 20.6% |
| Wickliffe | 143 | 141 | 1.4% | $98,000 | $92,000 | 6.5% |
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