diff --git a/packages/react-art/src/ReactFiberConfigART.js b/packages/react-art/src/ReactFiberConfigART.js
index be0f121097..0dc7dd6bb1 100644
--- a/packages/react-art/src/ReactFiberConfigART.js
+++ b/packages/react-art/src/ReactFiberConfigART.js
@@ -615,7 +615,7 @@ export function suspendInstance(instance, type, props) {}
 
 export function suspendOnActiveViewTransition(container) {}
 
-export function waitForCommitToBeReady() {
+export function waitForCommitToBeReady(timeoutOffset) {
   return null;
 }
 
diff --git a/packages/react-dom-bindings/src/client/ReactFiberConfigDOM.js b/packages/react-dom-bindings/src/client/ReactFiberConfigDOM.js
index 6b71052d9a..72c061e09e 100644
--- a/packages/react-dom-bindings/src/client/ReactFiberConfigDOM.js
+++ b/packages/react-dom-bindings/src/client/ReactFiberConfigDOM.js
@@ -5905,7 +5905,9 @@ export function preloadResource(resource: Resource): boolean {
 
 type SuspendedState = {
   stylesheets: null | Map<StylesheetResource, HoistableRoot>,
-  count: number,
+  count: number, // suspensey css and active view transitions
+  imgCount: number, // suspensey images
+  waitingForImages: boolean, // false when we're no longer blocking on images
   unsuspend: null | (() => void),
 };
 let suspendedState: null | SuspendedState = null;
@@ -5914,6 +5916,8 @@ export function startSuspendingCommit(): void {
   suspendedState = {
     stylesheets: null,
     count: 0,
+    imgCount: 0,
+    waitingForImages: true,
     // We use a noop function when we begin suspending because if possible we want the
     // waitfor step to finish synchronously. If it doesn't we'll return a function to
     // provide the actual unsuspend function and that will get completed when the count
@@ -5922,6 +5926,8 @@ export function startSuspendingCommit(): void {
   };
 }
 
+const SUSPENSEY_STYLESHEET_TIMEOUT = 60000;
+
 const SUSPENSEY_IMAGE_TIMEOUT = 500;
 
 export function suspendInstance(
@@ -5946,13 +5952,10 @@ export function suspendInstance(
     // If this browser supports decode() API, we use it to suspend waiting on the image.
     // The loading should have already started at this point, so it should be enough to
     // just call decode() which should also wait for the data to finish loading.
-    state.count++;
-    const ping = onUnsuspend.bind(state);
-    Promise.race([
-      // $FlowFixMe[prop-missing]
-      instance.decode(),
-      new Promise(resolve => setTimeout(resolve, SUSPENSEY_IMAGE_TIMEOUT)),
-    ]).then(ping, ping);
+    state.imgCount++;
+    const ping = onUnsuspendImg.bind(state);
+    // $FlowFixMe[prop-missing]
+    instance.decode().then(ping, ping);
   }
 }
 
@@ -6067,7 +6070,9 @@ export function suspendOnActiveViewTransition(rootContainer: Container): void {
   activeViewTransition.finished.then(ping, ping);
 }
 
-export function waitForCommitToBeReady(): null | ((() => void) => () => void) {
+export function waitForCommitToBeReady(
+  timeoutOffset: number,
+): null | ((() => void) => () => void) {
   if (suspendedState === null) {
     throw new Error(
       'Internal React Error: suspendedState null when it was expected to exists. Please report this as a React bug.',
@@ -6085,7 +6090,7 @@ export function waitForCommitToBeReady(): null | ((() => void) => () => void) {
 
   // We need to check the count again because the inserted stylesheets may have led to new
   // tasks to wait on.
-  if (state.count > 0) {
+  if (state.count > 0 || state.imgCount > 0) {
     return commit => {
       // We almost never want to show content before its styles have loaded. But
       // eventually we will give up and allow unstyled content. So this number is
@@ -6102,37 +6107,62 @@ export function waitForCommitToBeReady(): null | ((() => void) => () => void) {
           state.unsuspend = null;
           unsuspend();
         }
-      }, 60000); // one minute
+      }, SUSPENSEY_STYLESHEET_TIMEOUT + timeoutOffset);
+
+      const imgTimer = setTimeout(() => {
+        // We're no longer blocked on images. If CSS resolves after this we can commit.
+        state.waitingForImages = false;
+        if (state.count === 0) {
+          if (state.stylesheets) {
+            insertSuspendedStylesheets(state, state.stylesheets);
+          }
+          if (state.unsuspend) {
+            const unsuspend = state.unsuspend;
+            state.unsuspend = null;
+            unsuspend();
+          }
+        }
+      }, SUSPENSEY_IMAGE_TIMEOUT + timeoutOffset);
 
       state.unsuspend = commit;
 
       return () => {
         state.unsuspend = null;
         clearTimeout(stylesheetTimer);
+        clearTimeout(imgTimer);
       };
     };
   }
   return null;
 }
 
-function onUnsuspend(this: SuspendedState) {
-  this.count--;
-  if (this.count === 0) {
-    if (this.stylesheets) {
+function checkIfFullyUnsuspended(state: SuspendedState) {
+  if (state.count === 0 && (state.imgCount === 0 || !state.waitingForImages)) {
+    if (state.stylesheets) {
       // If we haven't actually inserted the stylesheets yet we need to do so now before starting the commit.
       // The reason we do this after everything else has finished is because we want to have all the stylesheets
       // load synchronously right before mutating. Ideally the new styles will cause a single recalc only on the
       // new tree. When we filled up stylesheets we only inlcuded stylesheets with matching media attributes so we
       // wait for them to load before actually continuing. We expect this to increase the count above zero
-      insertSuspendedStylesheets(this, this.stylesheets);
-    } else if (this.unsuspend) {
-      const unsuspend = this.unsuspend;
-      this.unsuspend = null;
+      insertSuspendedStylesheets(state, state.stylesheets);
+    } else if (state.unsuspend) {
+      const unsuspend = state.unsuspend;
+      state.unsuspend = null;
       unsuspend();
     }
   }
 }
 
+function onUnsuspend(this: SuspendedState) {
+  this.count--;
+  checkIfFullyUnsuspended(this);
+}
+
+function onUnsuspendImg(this: SuspendedState) {
+  this.imgCount--;
+  checkIfFullyUnsuspended(this);
+}
+
 // We use a value that is type distinct from precedence to track which one is last.
 // This ensures there is no collision with user defined precedences. Normally we would
 // just track this in module scope but since the precedences are tracked per HoistableRoot
diff --git a/packages/react-native-renderer/src/ReactFiberConfigFabric.js b/packages/react-native-renderer/src/ReactFiberConfigFabric.js
index 5ad5853362..e97deb0738 100644
--- a/packages/react-native-renderer/src/ReactFiberConfigFabric.js
+++ b/packages/react-native-renderer/src/ReactFiberConfigFabric.js
@@ -612,7 +612,7 @@ export function suspendInstance(
 
 export function suspendOnActiveViewTransition(container: Container): void {}
 
-export function waitForCommitToBeReady(): null {
+export function waitForCommitToBeReady(timeoutOffset: number): null {
   return null;
 }
 
diff --git a/packages/react-native-renderer/src/ReactFiberConfigNative.js b/packages/react-native-renderer/src/ReactFiberConfigNative.js
index 18a346495f..bb79fb319e 100644
--- a/packages/react-native-renderer/src/ReactFiberConfigNative.js
+++ b/packages/react-native-renderer/src/ReactFiberConfigNative.js
@@ -788,7 +788,7 @@ export function suspendInstance(
 
 export function suspendOnActiveViewTransition(container: Container): void {}
 
-export function waitForCommitToBeReady(): null {
+export function waitForCommitToBeReady(timeoutOffset: number): null {
   return null;
 }
 
diff --git a/packages/react-noop-renderer/src/createReactNoop.js b/packages/react-noop-renderer/src/createReactNoop.js
index 83cbb24744..7e5a8db5a6 100644
--- a/packages/react-noop-renderer/src/createReactNoop.js
+++ b/packages/react-noop-renderer/src/createReactNoop.js
@@ -361,9 +361,9 @@ function createReactNoop(reconciler: Function, useMutation: boolean) {
     }
   }
 
-  function waitForCommitToBeReady():
-    | ((commit: () => mixed) => () => void)
-    | null {
+  function waitForCommitToBeReady(
+    timeoutOffset: number,
+  ): ((commit: () => mixed) => () => void) | null {
     const subscription = suspenseyCommitSubscription;
     if (subscription !== null) {
       suspenseyCommitSubscription = null;
diff --git a/packages/react-reconciler/src/ReactFiberTransition.js b/packages/react-reconciler/src/ReactFiberTransition.js
index 6fa0e4359c..180a09b365 100644
--- a/packages/react-reconciler/src/ReactFiberTransition.js
+++ b/packages/react-reconciler/src/ReactFiberTransition.js
@@ -28,6 +28,7 @@ import {createCursor, push, pop} from './ReactFiberStack';
 import {
   getWorkInProgressRoot,
   getWorkInProgressTransitions,
+  markTransitionStarted,
 } from './ReactFiberWorkLoop';
 import {
   createCache,
@@ -79,6 +80,7 @@ ReactSharedInternals.S = function onStartTransitionFinishForReconciler(
   transition: Transition,
   returnValue: mixed,
 ) {
+  markTransitionStarted();
   if (
     typeof returnValue === 'object' &&
     returnValue !== null &&
diff --git a/packages/react-reconciler/src/ReactFiberWorkLoop.js b/packages/react-reconciler/src/ReactFiberWorkLoop.js
index 00c8ce91c1..f8a3be658b 100644
--- a/packages/react-reconciler/src/ReactFiberWorkLoop.js
+++ b/packages/react-reconciler/src/ReactFiberWorkLoop.js
@@ -475,6 +475,11 @@ let didIncludeCommitPhaseUpdate: boolean = false;
 // content as it streams in, to minimize jank.
 // TODO: Think of a better name for this variable?
 let globalMostRecentFallbackTime: number = 0;
+// Track the most recent time we started a new Transition. This lets us apply
+// heuristics like the suspensey image timeout based on how long we've waited
+// already.
+let globalMostRecentTransitionTime: number = 0;
+
 const FALLBACK_THROTTLE_MS: number = 300;
 
 // The absolute time for when we should start giving up on rendering
@@ -1500,10 +1505,18 @@ function commitRootWhenReady(
         suspendOnActiveViewTransition(root.containerInfo);
       }
     }
+    // For timeouts we use the previous fallback commit for retries and
+    // the start time of the transition for transitions. This offset
+    // represents the time already passed.
+    const timeoutOffset = includesOnlyRetries(lanes)
+      ? globalMostRecentFallbackTime - now()
+      : includesOnlyTransitions(lanes)
+        ? globalMostRecentTransitionTime - now()
+        : 0;
     // At the end, ask the renderer if it's ready to commit, or if we should
     // suspend. If it's not ready, it will return a callback to subscribe to
     // a ready event.
-    const schedulePendingCommit = waitForCommitToBeReady();
+    const schedulePendingCommit = waitForCommitToBeReady(timeoutOffset);
     if (schedulePendingCommit !== null) {
       // NOTE: waitForCommitToBeReady returns a subscribe function so that we
       // only allocate a function if the commit isn't ready yet. The other
@@ -2284,6 +2297,10 @@ export function markRenderDerivedCause(fiber: Fiber): void {
   }
 }
 
+export function markTransitionStarted() {
+  globalMostRecentTransitionTime = now();
+}
+
 export function markCommitTimeOfFallback() {
   globalMostRecentFallbackTime = now();
 }
diff --git a/packages/react-reconciler/src/__tests__/ReactFiberHostContext-test.internal.js b/packages/react-reconciler/src/__tests__/ReactFiberHostContext-test.internal.js
index 2351f7ed01..099f6cfa36 100644
--- a/packages/react-reconciler/src/__tests__/ReactFiberHostContext-test.internal.js
+++ b/packages/react-reconciler/src/__tests__/ReactFiberHostContext-test.internal.js
@@ -109,7 +109,7 @@ describe('ReactFiberHostContext', () => {
       startSuspendingCommit() {},
       suspendInstance(instance, type, props) {},
       suspendOnActiveViewTransition(container) {},
-      waitForCommitToBeReady() {
+      waitForCommitToBeReady(timeoutOffset: number) {
         return null;
       },
       supportsMutation: true,
diff --git a/packages/react-test-renderer/src/ReactFiberConfigTestHost.js b/packages/react-test-renderer/src/ReactFiberConfigTestHost.js
index c0fed8ca9b..26bc31a407 100644
--- a/packages/react-test-renderer/src/ReactFiberConfigTestHost.js
+++ b/packages/react-test-renderer/src/ReactFiberConfigTestHost.js
@@ -571,7 +571,7 @@ export function suspendInstance(
 
 export function suspendOnActiveViewTransition(container: Container): void {}
 
-export function waitForCommitToBeReady(): null {
+export function waitForCommitToBeReady(timeoutOffset: number): null {
   return null;
 }