$2,373 Closing Credit*
$199,800
1,548 SqFt
5 Beds
•1 Full Bath, 1 Partial
Annie Aponte, Listing Office: eRealty Advisors, Inc
Is Northwest 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, Northwest Reading has remained a Seller's Market.
Key Takeaway
Northwest Reading is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northwest Reading, PA
How much do homes in Northwest Reading, PA cost?
Median Sold Price
$170,000
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+13.3%)
Key Takeaway
Homes in Northwest Reading have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in Northwest Reading was $170,000 in October 2024, up 13.3% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $125K | $125K | 0.0% |
| 3 Bedrooms | $145K | $165K | +13.8% |
| 4 Bedrooms | $142.5K | $170K | +19.3% |
| 5+ Bedrooms | $160K | $175K | +9.4% |
Summary: Northwest 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 did not change, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Queen Anne Historic District | $138.3K | $161K | +16.4% |
| Northwest Reading | $150K | $170K | +13.3% |
| Centre Park Historic District | $160K | $180K | +12.5% |
Housing Supply in Northwest Reading, PA
How many homes are available in Northwest Reading, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 27 | -28.9% |
Summary: The Northwest Reading real estate market had 27 homes for sale in October 2024, a 28.9% decrease 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 4 | 1 | -75.0% |
| 4 Bedrooms | 13 | 7 | -46.2% |
| 5+ Bedrooms | 20 | 19 | -5.0% |
Summary: The Northwest 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 decreased by 100%, 3 bedroom homes decreased by 75%, 4 bedroom homes decreased by 46.2%, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 8 | -50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest Reading, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Northwest Reading in October 2024, down by 50.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Northwest Reading, PA
How long does it take to sell a home in Northwest Reading, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 23 Days | -29.9% |
Summary: Homes in Northwest Reading had an average of 23 days on market in Oct 2024, down by 29.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northwest Reading are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Northwest Reading; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
