Is Reading, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Reading is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Reading has remained a Seller's Market.

Key Takeaway

Reading is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Reading, MA cost?

Median Sold Price

$740,000

$388/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$80,075(+12.1%)

Key Takeaway

Homes in Reading have sold for 12.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $400K$432.5K
+8.1%
2 $550K$540K
-1.8%
3 $660K$726K
+10.0%
4 $782.5K$935K
+19.5%
5+ $1.0M$945.7K
-5.4%

Median Sold Price Compared To Nearby Cities

Lynnfield
+14.5%
North Reading
+14.4%
Reading
+12.1%
Wakefield
+11.9%
Wilmington
+9.1%

How many homes are available in Reading, MA?

Number of Homes For Sale

Sep 2022Oct 2022%
9779-18.6%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 54
-20.0%
2 1814
-22.2%
3 2520
-20.0%
4 3629
-19.4%
5+ 1312
-7.7%

Number of Homes Sold

Sep 2022Oct 2022%
2728+3.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Reading, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
28 Days30 Days+5.2%

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Reading are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Reading, MA

Number of homes for sale in Reading, MA real estate market have reached 79. Between September 2022 and October 2022, Reading, MA real estate market has seen decrease in the number of listings by 18.6%. In October 2022, listings were on the market for 30 days. During the same period, the median list price in this real estate market was $740,000. Listing prices have changed in this real estate market between September 2022 and October 2022: prices of 1 bedroom properties went up by 8.1%, 2 bedrooms properties prices decreased by 1.8%, 3 bedrooms properties became 10% more expensive, prices of 4 bedrooms properties increased by 19.5%, 5 bedrooms properties prices decreased by 5.4%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes decreased by 20%, 2 bedrooms homes inventory decreased by 22.2%, 3 bedrooms homes became 20% less available, 4 bedrooms homes inventory decreased by 19.4%, 5 bedrooms homes inventory decreased by 7.7%. Over 16 listings were sold over their listed price in October 2022 in Reading, MA. In the same period over 9 listings were sold below the listed price and 3 listings were sold for the listed price.

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