$2,493 Closing Credit*
$209,900
1,555 SqFt
5 Beds
•1 Full Bath
Alexander E Jackson Sr., Listing Office: Coldwell Banker Realty
Is Northeast Reading, PA 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, Northeast Reading has remained a Seller's Market.
Key Takeaway
Northeast Reading is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northeast Reading, PA
How much do homes in Northeast Reading, PA cost?
Median Sold Price
$161,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,333(+23.2%)
Key Takeaway
Homes in Northeast Reading have sold for 23.2% more than they did a year ago.
Summary: The median home sold price in Northeast Reading was $161,000 in October 2024, up 23.2% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $107K | $127.5K | +19.2% |
| 3 Bedrooms | $126K | $155K | +23.0% |
| 4 Bedrooms | $130K | $161K | +23.8% |
| 5+ Bedrooms | $144.9K | $175K | +20.8% |
Summary: Northeast Reading housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 23%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 20.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Northeast Reading | $130.6K | $161K | +23.2% |
| Outlet District | $120K | $147.2K | +22.7% |
| Northwest Reading | $150K | $170K | +13.3% |
Housing Supply in Northeast Reading, PA
How many homes are available in Northeast Reading, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 74 | 85 | +14.9% |
Summary: The Northeast Reading real estate market had 85 homes for sale in October 2024, a 14.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 28 | 30 | +7.1% |
| 4 Bedrooms | 26 | 30 | +15.4% |
| 5+ Bedrooms | 14 | 19 | +35.7% |
Summary: The Northeast 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 remained the same, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 35.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northeast Reading, you may be able to get a good deal. 46.4% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Northeast Reading in October 2024, up by 7.7% month-over-month. Of the 28 sold homes, 46% were sold under asking, 32% were sold at asking, and 21% were sold over asking.
Days on Market for Northeast Reading, PA
How long does it take to sell a home in Northeast Reading, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 21 Days | +96.8% |
Summary: Homes in Northeast Reading had an average of 21 days on market in Oct 2024, up by 96.8% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Northeast Reading are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in Northeast Reading; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
