Reading, MA Housing Market
The Reading housing market is very competitive. Homes in Reading receive 9 offers on average and sell in around 26 days. The median sale price of a home in Reading was $809K last month, down 9.61% since last year. The median sale price per square foot in Reading is $447, up 11.6% since last year.
Reading Housing Market Trends
In March 2024, Reading home prices were down 9.61% compared to last year, selling for a median price of $809K. On average, homes in Reading sell after 26 days on the market compared to 66 days last year. There were 16 homes sold in March this year, down 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 3% above list price and go pending in around 17 days.
- Hot homescan sell for about 7% 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 3% above list price and go pending in around 14 days.
- Hot homescan sell for about 7% above list price and go pending in around 5 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 5% above list price and go pending in around 14 days.
- Hot homescan sell for about 10% above list price and go pending in around 8 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 San Francisco.
- 82% of Reading homebuyers searched to stay within the Reading metropolitan area.
- Portland was the most popular destination among Reading homebuyers followed by Miami and Lebanon.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 3,037 | ||
2 | 1,440 | ||
3 | 381 | ||
4 | 298 | ||
5 | 198 | ||
6 | 140 | ||
7 | 128 | ||
8 | 17 | ||
9 | 12 | ||
10 | 8 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 3,083 | ||
2 | 1,620 | ||
3 | 1,584 | ||
4 | 983 | ||
5 | 954 | ||
6 | 888 | ||
7 | 785 | ||
8 | 663 | ||
9 | 360 | ||
10 | 346 |
Home offer insights for Reading
Recent offers
- Offer Not Accepted|6 Weeks Ago~$850K OfferSold for $850K3 bd | 1.5 ba | ~1,750 sqftOver List Price10%Days on Market12Competing Offers7Down Payment~20%
- Offer Not Accepted|7 Weeks Ago~$900K OfferSold for $950K3 bd | 2 ba | ~2,250 sqftOver List Price9%Days on Market7Competing Offers20Down Payment~30%
- Offer Not Accepted|7 Weeks Ago~$850K OfferSold for $950K3 bd | 2 ba | ~2,250 sqftOver List Price5%Days on Market7Competing Offers17Down Payment~20%
- Offer Not Accepted|8 Weeks Ago~$1.25M OfferSold for $1.5M4 bd | 2.5 ba | ~3,000 sqftOver List Price3%Days on Market13Competing Offers11Down Payment<10%
- Offer Not Accepted|10 Weeks Ago~$1M OfferSold for $1.25M5 bd | 2 ba | ~3,000 sqftOver List Price1%Days on Market4Competing Offers10OfferAll Cash
View houses in Reading that sold recently
Recently sold homes
- $1,210,000 Last Sold Price4 beds2.5 baths3,221 sq ft31 Melbourne Ave, Reading, MA 01867List Price$1,099,990Sale to List10% over listDays on Market34 days31 Melbourne Ave, Reading, MA 01867
- $800,000 Last Sold Price2 beds2 baths1,994 sq ft52 Tennyson Rd, Reading, MA 01867Redfin Corp.List Price$759,900Sale to List5% over listDays on Market41 days52 Tennyson Rd, Reading, MA 01867
- $510,000 Last Sold Price2 beds1.5 baths1,087 sq ft178 Lowell St #4, Reading, MA 01867List Price$479,900Sale to List6% over listDays on Market46 days178 Lowell St #4, Reading, MA 01867
- $1,450,000 Last Sold Price4 beds2.5 baths2,750 sq ft15 Longwood Rd, Reading, MA 01867List Price$1,450,000Sale to List0% over listDays on Market76 days15 Longwood Rd, Reading, MA 01867
- $1,425,000 Last Sold Price3 beds4.5 baths3,365 sq ft75 Johnson Woods Dr #75, Reading, MA 01867List Price$1,425,000Sale to List0% over listDays on Market114 days75 Johnson Woods Dr #75, Reading, MA 01867
- $760,000 Last Sold Price3 beds1 bath1,736 sq ft17 Sturges Rd, Reading, MA 01867List Price$749,900Sale to List1% over listDays on Market54 days17 Sturges Rd, Reading, MA 01867
- $1,445,000 Last Sold Price3 beds3.5 baths2,702 sq ft334 Franklin St, Reading, MA 01867List Price$1,299,000Sale to List11% over listDays on Market49 days334 Franklin St, Reading, MA 01867
- $855,000 Last Sold Price3 beds1.5 baths1,858 sq ft19 Dustin Rd, Reading, MA 01867List Price$749,900Sale to List14% over listDays on Market41 days19 Dustin 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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