Is Reading Township, 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, Reading Township has remained a Seller's Market.
Key Takeaway
Reading Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Reading Township, PA
How much do homes in Reading Township, PA cost?
Median Sold Price
$238,772
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Reading Township have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in Reading Township was $238,772 in April 2024, up 13.7% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $136.5K | -5.9% |
| 2 Bedrooms | $175K | $189.9K | +8.5% |
| 3 Bedrooms | $210K | $241K | +14.8% |
| 4 Bedrooms | $296K | $304.2K | +2.8% |
| 5+ Bedrooms | $158.9K | $180.6K | +13.6% |
Summary: Reading Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.9%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 13.6%.
Median Sold Price Compared To Nearby Cities
| Reading Township | $209.9K | $238.7K | +13.7% |
| East Berlin | $270K | $293.5K | +8.7% |
| Latimore Township | $343.5K | $359.9K | +4.8% |
| Washington Township | $214.2K | $220.3K | +2.8% |
Housing Supply in Reading Township, PA
How many homes are available in Reading Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 554 | 511 | -7.8% |
Summary: The Reading Township real estate market had 511 homes for sale in April 2024, a 7.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 1 | -80.0% |
| 2 Bedrooms | 53 | 65 | +22.6% |
| 3 Bedrooms | 244 | 218 | -10.7% |
| 4 Bedrooms | 158 | 143 | -9.5% |
| 5+ Bedrooms | 94 | 84 | -10.6% |
Summary: The Reading Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 80%, 2 bedroom homes increased by 22.6%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes decreased by 10.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 177 | 144 | -18.6% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
65 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Reading Township, you could pay more than the asking price. 45.1% of homes here sold above asking price last month.
Summary: A total of 144 homes were sold or pending in Reading Township in April 2024, down by 18.6% month-over-month. Of the 144 sold homes, 31% were sold under asking, 24% were sold at asking, and 45% were sold over asking.
Days on Market for Reading Township, PA
How long does it take to sell a home in Reading Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 24 Days | +65.4% |
Summary: Homes in Reading Township had an average of 24 days on market in Apr 2024, up by 65.4% compared to last year.
Breakdown of Home Sale Times
114 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Reading Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 144 homes were sold in Reading Township; 79% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
