$9,488 Closing Credit*
$799,000
1,914 SqFt
4 Beds
•2 Full Baths, 1 Partial
#73322418, Denise McCarthy, Listing Office: Coldwell Banker Realty - North Reading
Is North Reading, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, North Reading has remained a Seller's Market.
Key Takeaway
North Reading is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Reading, MA
How much do homes in North Reading, MA cost?
Median Sold Price
$739,949
$394/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$48,210(+7.0%)
Key Takeaway
Homes in North Reading have sold for 7% more than they did a year ago.
Summary: The median home sold price in North Reading was $739,949 in December 2024, up 7% from last year, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $481.5K | $337.5K | -29.9% |
| 2 Bedrooms | $600K | $601.7K | 0.3% |
| 3 Bedrooms | $725K | $763.7K | +5.3% |
| 4 Bedrooms | $1.1M | $1.3M | +17.4% |
| 5+ Bedrooms | $1.2M | $1.5M | +31.8% |
Summary: North Reading housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.9%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 31.8%.
Median Sold Price Compared To Nearby Cities
| Wilmington | $680K | $738K | +8.5% |
| North Reading | $691.7K | $739.9K | +7.0% |
| Lynnfield | $920K | $950K | +3.3% |
| Reading | $787.6K | $780K | -1.0% |
| Middleton | $876K | $830K | -5.3% |
Housing Supply in North Reading, MA
How many homes are available in North Reading, MA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 54 | 43 | -20.4% |
Summary: The North Reading real estate market had 43 homes for sale in December 2024, a 20.4% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 14 | 9 | -35.7% |
| 3 Bedrooms | 20 | 12 | -40.0% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The North Reading housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 35.7%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 10 | 22 | +120.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Reading, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in North Reading in December 2024, up by 120.0% month-over-month. Of the 22 sold homes, 41% were sold under asking, 5% were sold at asking, and 55% were sold over asking.
Days on Market for North Reading, MA
How long does it take to sell a home in North Reading, MA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 22 Days | 38 Days | +71.5% |
Summary: Homes in North Reading had an average of 38 days on market in Dec 2024, up by 71.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Reading are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 22 homes were sold in North Reading; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
