$2,731 Closing Credit*
$230,000
1,120 SqFt
3 Beds
•1 Full Bath
Wendy C McCooey, Listing Office: RE/MAX Of Reading
Is West Reading, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, West Reading has remained a Seller's Market.
Key Takeaway
West Reading is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Reading, PA
How much do homes in West Reading, PA cost?
Median Sold Price
$230,500
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$4,500(-1.9%)
Key Takeaway
Homes in West Reading have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in West Reading was $230,500 in November 2024, down 1.9% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $230K | $231K | 0.4% |
| 4 Bedrooms | $236K | $263K | +11.4% |
| 5+ Bedrooms | $255K | $204K | -20.0% |
Summary: West Reading housing prices by bedroom type for November 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 0.4%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 20%.
Median Sold Price Compared To Nearby Cities
| Wyomissing | $320K | $384.5K | +20.2% |
| Reading | $226.2K | $249.5K | +10.3% |
| Cumru Township | $262K | $270K | +3.1% |
| West Reading | $235K | $230.5K | -1.9% |
Housing Supply in West Reading, PA
How many homes are available in West Reading, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The West Reading real estate market had 12 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The West Reading housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Reading, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in West Reading in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for West Reading, PA
How long does it take to sell a home in West Reading, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 6 Days | 21 Days | +226.9% |
Summary: Homes in West Reading had an average of 21 days on market in Nov 2024, up by 226.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Reading are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in West Reading; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
