Is Northeast Reading, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Northeast Reading has remained a Seller's Market.
Housing Prices in Northeast Reading, PA
How much do homes in Northeast Reading, PA cost?
Median Sold Price
$140,000
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northeast Reading was $140,000 in April 2024, up 12% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $81K | $115K | +42.0% |
3 Bedrooms | $102.5K | $130K | +26.8% |
4 Bedrooms | $125K | $142K | +13.6% |
5+ Bedrooms | $134K | $155K | +15.7% |
Summary: Northeast Reading housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 42%, 3 bedroom homes increased by 26.8%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 15.7%.
Median Sold Price Compared To Nearby Neighborhoods
Northwest Reading | $134K | $157K | +17.2% |
Northeast Reading | $124.9K | $140K | +12.0% |
Outlet District | $112.7K | $125K | +10.9% |
Northmont | $167.5K | $183.5K | +9.6% |
Housing Supply in Northeast Reading, PA
How many homes are available in Northeast Reading, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 55 | -15.4% |
Summary: The Northeast Reading real estate market had 55 homes for sale in April 2024, a 15.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 26 | 26 | 0.0% |
4 Bedrooms | 22 | 12 | -45.5% |
5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Northeast Reading housing inventory by bedroom type for April 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 decreased by 45.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 16 | +6.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Northeast Reading in April 2024, up by 6.7% month-over-month. Of the 16 sold homes, 25% were sold under asking, 31% were sold at asking, and 44% were sold over asking.
Days on Market for Northeast Reading, PA
How long does it take to sell a home in Northeast Reading, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 21 Days | +13.3% |
Summary: Homes in Northeast Reading had an average of 21 days on market in Apr 2024, up by 13.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Northeast Reading; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.