$10,000 Closing Credit*
$899,000
1,902 SqFt
3 Beds
•2 Full Baths
#73314342, Henry Choi, Listing Office: Real Broker MA, LLC
Is Reading, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Reading has remained a Seller's Market.
Key Takeaway
Reading is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Reading, MA
How much do homes in Reading, MA cost?
Median Sold Price
$790,000
$445/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$10,016(-1.3%)
Key Takeaway
Homes in Reading have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Reading was $790,000 in October 2024, down 1.3% from last year, and the median price per square foot was $445.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $442.5K | $460K | +4.0% |
| 2 Bedrooms | $620K | $640K | +3.2% |
| 3 Bedrooms | $779K | $777.5K | -0.2% |
| 4 Bedrooms | $957.5K | $935K | -2.3% |
| 5+ Bedrooms | $1.1M | $1.3M | +13.0% |
Summary: Reading housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Cities
| Lynnfield | $897.2K | $1.0M | +11.5% |
| Wilmington | $674.9K | $740K | +9.6% |
| Wakefield | $701.5K | $750K | +6.9% |
| North Reading | $676K | $706K | +4.4% |
| Reading | $800K | $790K | -1.3% |
Housing Supply in Reading, MA
How many homes are available in Reading, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 84 | 86 | +2.4% |
Summary: The Reading real estate market had 86 homes for sale in October 2024, a 2.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 19 | 20 | +5.3% |
| 3 Bedrooms | 31 | 31 | 0.0% |
| 4 Bedrooms | 24 | 24 | 0.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Reading housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Reading, you could pay more than the asking price. 82.6% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Reading in October 2024, the same as the previous month. Of the 23 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for Reading, MA
How long does it take to sell a home in Reading, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 22 Days | -42.8% |
Summary: Homes in Reading had an average of 22 days on market in Oct 2024, down by 42.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Reading are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in Reading; 87% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
