From January through March of 2020, there were three homes sold, with a median sale price of $339,900 - a 18.8% increase over the $286,000 median sale price for the same period of the previous year. There were four homes sold in Timberlane in the first quarter of 2019.
The median sales tax in Timberlane for the most recent year with available data, 2018, was $7,451, approximately 2.2% of the median home sale price for the first quarter of 2020.
The following table compares Timberlane to other Boone County cities in the first quarter of 2020:
| City | Jan. - Mar. 2020 Home Sales | Jan. - Mar. 2019 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2020 Median Sales Price | Jan. - Mar. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Loves Park | 3 | 3 | 0% | $346,000 | $186,000 | 86% |
| Timberlane | 3 | 4 | -25% | $339,900 | $286,000 | 18.8% |
| Caledonia | 3 | 6 | -50% | $307,000 | $312,500 | -1.8% |
| Poplar Grove | 14 | 9 | 55.6% | $188,500 | $169,900 | 10.9% |
| Candlewick Lake | 14 | 14 | 0% | $133,450 | $153,500 | -13.1% |
| Belvidere | 78 | 70 | 11.4% | $125,500 | $117,500 | 6.8% |
| Capron | 2 | 2 | 0% | $115,000 | $117,100 | -1.8% |
| Garden Prairie | 1 | 0 | - | $59,000 | $0 | - |
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