Reading, MA Housing Market
The Reading housing market is very competitive. Homes in Reading receive 9 offers on average and sell in around 13 days. The median sale price of a home in Reading was $806K last month, up 16.8% since last year. The median sale price per square foot in Reading is $451, up 4.3% since last year.
Reading Housing Market Trends
In April 2024, Reading home prices were up 16.8% compared to last year, selling for a median price of $806K. On average, homes in Reading sell after 13 days on the market compared to 16 days last year. There were 29 homes sold in April this year, up from 18 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Reading housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 4% above list price and go pending in around 15 days.
- Hot homescan sell for about 10% above list price and go pending in around 8 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 4% above list price and go pending in around 14 days.
- Hot homescan sell for about 9% above list price and go pending in around 7 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 7% above list price and go pending in around 12 days.
- Hot homescan sell for about 14% above list price and go pending in around 7 days.
Reading Migration & Relocation Trends
- Across the nation, 2% of homebuyers searched to move into Reading from outside metros.
- New York homebuyers searched to move into Reading more than any other metro followed by Hartford and Washington.
- 83% of Reading homebuyers searched to stay within the Reading metropolitan area.
- Portland was the most popular destination among Reading homebuyers followed by Lebanon and Miami.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 3,455 | ||
2 | 1,575 | ||
3 | 383 | ||
4 | 371 | ||
5 | 279 | ||
6 | 276 | ||
7 | 123 | ||
8 | 34 | ||
9 | 26 | ||
10 | 22 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 3,341 | ||
2 | 1,554 | ||
3 | 1,475 | ||
4 | 924 | ||
5 | 894 | ||
6 | 865 | ||
7 | 805 | ||
8 | 655 | ||
9 | 395 | ||
10 | 373 |
Home offer insights for Reading
Recent offers
- Offer Not Accepted|10 Weeks Ago~$750K OfferSold for $800K2 bd | 2 ba | ~2,000 sqftOver List Price1%Days on Market6Competing Offers—Down Payment~30%
- Offer Not Accepted|11 Weeks Ago~$750K OfferSold for $800K3 bd | 2 ba | ~1,500 sqftOver List Price5%Days on Market20Competing Offers12Down Payment~30%
- Offer Not Accepted|11 Weeks Ago~$850K OfferSold for $850K3 bd | 1.5 ba | ~1,750 sqftOver List Price10%Days on Market12Competing Offers7Down Payment~20%
- Offer Not Accepted|12 Weeks Ago~$900K OfferSold for $950K3 bd | 2 ba | ~2,250 sqftOver List Price9%Days on Market7Competing Offers20Down Payment~30%
- Offer Not Accepted|12 Weeks Ago~$850K OfferSold for $950K3 bd | 2 ba | ~2,250 sqftOver List Price5%Days on Market7Competing Offers17Down Payment~20%
View houses in Reading that sold recently
Recently sold homes
- $740,000 Last Sold Price4 beds2 baths2,029 sq ft12 Hancock St, Reading, MA 01867List Price$749,000Sale to List1% under listDays on Market36 days12 Hancock St, Reading, MA 01867
- $805,000 Last Sold Price3 beds1 bath1,560 sq ft51 Forest St, Reading, MA 01867List Price$729,000Sale to List10% over listDays on Market41 days51 Forest St, Reading, MA 01867
- $400,000 Last Sold Price2 beds2 baths1,075 sq ft4 Summit Dr #204, Reading, MA 01867List Price$399,000Sale to List0% over listDays on Market41 days4 Summit Dr #204, Reading, MA 01867
- $1,369,000 Last Sold Price4 beds3.5 baths3,602 sq ft123 Lilah Ln, Reading, MA 01867List Price$1,250,000Sale to List10% over listDays on Market47 days123 Lilah Ln, Reading, MA 01867
- $1,300,523 Last Sold Price4 beds2.5 baths2,707 sq ft64 Colonial Dr, Reading, MA 01867List Price$1,299,900Sale to List0% over listDays on Market47 days64 Colonial Dr, Reading, MA 01867
- $890,000 Last Sold Price4 beds2 baths2,100 sq ft31 Hemlock Rd, Reading, MA 01867List Price$849,900Sale to List5% over listDays on Market38 days31 Hemlock Rd, Reading, MA 01867
- $1,750,000 Last Sold Price4 beds5.5 baths5,600 sq ft460 Pearl St, Reading, MA 01867List Price$1,749,000Sale to List0% over listDays on Market78 days460 Pearl St, Reading, MA 01867
- $779,900 Last Sold Price5 beds3 baths2,433 sq ft23 Covey Hill Rd, Reading, MA 01867List Price$799,900Sale to List3% under listDays on Market38 days23 Covey Hill Rd, Reading, MA 01867
See all recently sold homes in Reading.
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Schools in Reading
- Elementary
- Middle
- High
GreatSchools Rating
8/10 Birch Meadow Elementary School Public • K-5 | 345 Students | 2 reviews |
8/10 Alice M. Barrows Elementary School Public • K-5 | 354 Students | 5 reviews |
7/10 Joshua Eaton Elementary School Public • K-5 | 395 Students | 6 reviews |
7/10 Wood End Elementary School Public • K-5 | 249 Students | 9 reviews |
6/10 J. Warren Killam Elementary School Public • K-5 | 395 Students | 1 reviews |
Climate's impact on Reading housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Reading.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Major
Wind Factor
Wind likelihood over time
Heat Factor - Major
Heat Factor
Transportation in Reading
Walk Score®
Bike Score®
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