$2,493 Closing Credit*
$209,900
1,555 SqFt
5 Beds
•1 Full Bath
Alexander E Jackson Sr., Listing Office: Coldwell Banker Realty
Is Outlet District, 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, Outlet District has remained a Seller's Market.
Key Takeaway
Outlet District is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Outlet District, PA
How much do homes in Outlet District, PA cost?
Median Sold Price
$147,250
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,250(+22.7%)
Key Takeaway
Homes in Outlet District have sold for 22.7% more than they did a year ago.
Summary: The median home sold price in Outlet District was $147,250 in October 2024, up 22.7% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $73K | $115K | +57.4% |
| 3 Bedrooms | $109K | $130K | +19.3% |
| 4 Bedrooms | $125K | $153.5K | +22.8% |
| 5+ Bedrooms | $136K | $169.4K | +24.6% |
Summary: Outlet District 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 57.4%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 22.8%, and 5+ bedroom homes increased by 24.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Northeast Reading | $130.6K | $161K | +23.2% |
| Outlet District | $120K | $147.2K | +22.7% |
| East Reading | $125K | $149K | +19.2% |
| Northwest Reading | $150K | $170K | +13.3% |
Housing Supply in Outlet District, PA
How many homes are available in Outlet District, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 42 | +27.3% |
Summary: The Outlet District real estate market had 42 homes for sale in October 2024, a 27.3% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 10 | 15 | +50.0% |
| 5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The Outlet District 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 remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Outlet District, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Outlet District in October 2024, up by 36.4% month-over-month. Of the 15 sold homes, 60% were sold under asking, 33% were sold at asking, and 7% were sold over asking.
Days on Market for Outlet District, PA
How long does it take to sell a home in Outlet District, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 29 Days | +135.2% |
Summary: Homes in Outlet District had an average of 29 days on market in Oct 2024, up by 135.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Outlet District are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in Outlet District; 60% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
