Reading, MA Housing Market
The Reading housing market is very competitive. Homes in Reading receive 8 offers on average and sell in around 26 days. The median sale price of a home in Reading was $800K last month, down 10.6% since last year. The median sale price per square foot in Reading is $483, up 27.1% since last year.
Reading Housing Market Trends
In March 2024, Reading home prices were down 10.6% compared to last year, selling for a median price of $800K. On average, homes in Reading sell after 26 days on the market compared to 66 days last year. There were 17 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 2% above list price and go pending in around 21 days.
- Hot homescan sell for about 6% above list price and go pending in around 9 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 2% above list price and go pending in around 15 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 4% above list price and go pending in around 15 days.
- Hot homescan sell for about 9% 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 Lebanon and Miami.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 2,367 | ||
2 | 1,280 | ||
3 | 400 | ||
4 | 312 | ||
5 | 131 | ||
6 | 108 | ||
7 | 105 | ||
8 | 28 | ||
9 | 17 | ||
10 | 8 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 3,041 | ||
2 | 1,853 | ||
3 | 1,807 | ||
4 | 1,019 | ||
5 | 995 | ||
6 | 895 | ||
7 | 753 | ||
8 | 664 | ||
9 | 394 | ||
10 | 347 |
Home offer insights for Reading
Recent offers
- Offer Not Accepted|6 Weeks Ago~$850K OfferSold for $950K3 bd | 2 ba | ~2,250 sqftOver List Price5%Days on Market7Competing Offers17Down Payment~20%
- Offer Not Accepted|7 Weeks Ago~$1.25M OfferSold for $1.5M4 bd | 2.5 ba | ~3,000 sqftOver List Price3%Days on Market13Competing Offers11Down Payment<10%
View houses in Reading that sold recently
Recently sold homes
- $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
- $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
- $495,000 Last Sold Price1 bed1 bath965 sq ft7 Augustus Ct #3004, Reading, MA 01867List Price$495,000Sale to List0% over listDays on Market29 days7 Augustus Ct #3004, Reading, MA 01867
- $705,000 Last Sold Price2 beds1.5 baths1,246 sq ft19 Criterion Rd, Reading, MA 01867List Price$669,000Sale to List5% over listDays on Market49 days19 Criterion Rd, 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
- $1,520,000 Last Sold Price3 beds3 baths2,500 sq ft20 Sandra Ln, Reading, MA 01867List Price$1,169,000Sale to List30% over listDays on Market41 days20 Sandra Ln, Reading, MA 01867
- $1,125,000 Last Sold Price5 beds2 baths3,136 sq ft45 Putnam Rd, Reading, MA 01867List Price$999,000Sale to List13% over listDays on Market67 days45 Putnam Rd, Reading, MA 01867
- $595,000 Last Sold Price2 beds2 baths1,320 sq ft10 Abigail Way #2008, Reading, MA 01867List Price$609,000Sale to List2% under listDays on Market153 days10 Abigail Way #2008, 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 | 377 Students | 2 reviews |
8/10 Alice M. Barrows Elementary School Public • K-5 | 374 Students | 5 reviews |
7/10 Joshua Eaton Elementary School Public • K-5 | 386 Students | 6 reviews |
7/10 Wood End Elementary School Public • K-5 | 305 Students | 9 reviews |
6/10 J. Warren Killam Elementary School Public • K-5 | 412 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
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Fire Factor - Moderate
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Wind Factor - Major
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Wind likelihood over time
Heat Factor - Major
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Transportation in Reading
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Bike Score®
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