Is North Reading, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, North Reading has remained a Seller's Market.
Housing Prices in North Reading, MA
How much do homes in North Reading, MA cost?
Median Sold Price
$694,725
$402/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Reading was $694,725 in May 2024, up 0.1% from last year, and the median price per square foot was $402.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $450.7K | $481.5K | +6.8% |
2 Bedrooms | $577.3K | $625.4K | +8.3% |
3 Bedrooms | $705K | $765.2K | +8.5% |
4 Bedrooms | $1.0M | $1.1M | +18.2% |
5+ Bedrooms | $1.1M | $1.2M | +8.6% |
Summary: North Reading housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Cities
Lynnfield | $870K | $1.0M | +14.9% |
Wilmington | $669.9K | $700K | +4.5% |
Reading | $775K | $777.5K | 0.3% |
North Reading | $694.2K | $694.7K | 0.1% |
Middleton | $825K | $780K | -5.5% |
Housing Supply in North Reading, MA
How many homes are available in North Reading, MA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
59 | 63 | +6.8% |
Summary: The North Reading real estate market had 63 homes for sale in May 2024, a 6.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 12 | 0.0% |
2 Bedrooms | 17 | 18 | +5.9% |
3 Bedrooms | 14 | 10 | -28.6% |
4 Bedrooms | 11 | 18 | +63.6% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The North Reading housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.9%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 63.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 24 | +166.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in North Reading in May 2024, up by 166.7% month-over-month. Of the 24 sold homes, 25% were sold under asking, 17% were sold at asking, and 58% were sold over asking.
Days on Market for North Reading, MA
How long does it take to sell a home in North Reading, MA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 17 Days | -10.5% |
Summary: Homes in North Reading had an average of 17 days on market in May 2024, down by 10.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 24 homes were sold in North Reading; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.