New - 3 days on Rocket
$6,769 Closing Credit¹
#73326562, Marc Skipper, Listing Office: Leading Edge Real Estate
North Reading Housing Market Report December 2024•Middlesex County, Massachusetts
Housing Prices in North Reading, MA
How much do homes in North Reading, MA cost?
Housing Market Conditions
Is North Reading, MA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
North Reading is a Seller's Market
Difference Since December 2023
Since last year, North Reading has remained a Seller's Market.
Insight
North Reading is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$739,949$394/SqFt
+$48,210
+7.0%
Based on all homes sold in the last 12 months
Insight
Homes in North Reading have sold for 7% more than they did a year ago.
Summary: The median home sold price in North Reading was $739,949 in December 2024, up 7% from last year, and the median price per square foot was $394.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Wilmington | $680K | $738K | +8.5% |
| North Reading | $691.7K | $739.9K | +7.0% |
| Lynnfield | $920K | $950K | +3.3% |
| Reading | $787.6K | $780K | -1.0% |
| Middleton | $876K | $830K | -5.3% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $481.5K | $337.5K | -29.9% |
| 22 Bedrooms | $600K | $601.7K | 0.3% |
| 33 Bedrooms | $725K | $763.7K | +5.3% |
| 44 Bedrooms | $1.1M | $1.3M | +17.4% |
| 55+ Bedrooms | $1.2M | $1.5M | +31.8% |
Summary: North Reading housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -29.9%. The home price for 2 bedroom homes increased by 0.3%. The home price for 3 bedroom homes increased by +5.3%. The home price for 4 bedroom homes increased by +17.4%. The home price for 5 bedroom homes increased by +31.8%.
Housing supply in North Reading, MA
How many homes are available in North Reading, MA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 43Last MonthDec 2024 | ||
| 542 months agoNov 2024 | -20.4 % Change MoMNov – Dec |
Summary: The North Reading real estate market had 43 homes for sale in Dec 2024, a 20.4 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 22Last MonthDec 2024 | ||
| 102 months agoNov 2024 | +120.0 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 6 | 8 | +33.3% |
| 22 Bedrooms | 14 | 9 | -35.7% |
| 33 Bedrooms | 20 | 12 | -40.0% |
| 44 Bedrooms | 12 | 12 | 0.0% |
| 55+ Bedrooms | 2 | 2 | 0.0% |
Summary: North Reading housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +33.3%. The inventory for 2 bedroom homes decreased by -35.7%. The inventory for 3 bedroom homes decreased by -40.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in North Reading, MA cost?
Over Asking Price12 Homes
At Asking Price1 Home
Under Asking Price9 Homes
Insight
If you're buying a home in North Reading, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in North Reading in December 2024, up by 120.0% month-over-month. Of the 22 sold homes, 41% were sold under asking, 5% were sold at asking, and and 55% were sold over asking.
Days on Market for North Reading, MA
How long does it take to sell a home in North Reading, MA?
Breakdown of Home Sale Times
Under 30 Days12 Homes
30 – 90 Days8 Homes
Over 90 Days2 Homes
Insight
Many homes in North Reading are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 22 homes were sold in North Reading; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 38 DaysThis YearDec 2024 | ||
| 22 Days1 year agoDec 2023 | +71.5 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in North Reading had an average listing age of 38 days in Dec 2024, up by 71.5% compared to the previous year.
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Newest Listings in North Reading, MA
What homes are available in North Reading, MA?
New - 3 days on Rocket
$9,488 Closing Credit¹
#73326515, Post Advisory Group, Listing Office: Engel & Volkers Boston
New - 3 days on Rocket
$10,000 Closing Credit¹
#73326202, The Fuccillo - Felice Real Estate Team, Listing Office: William Raveis R.E. & Home Services
New - 4 days on Rocket
$10,000 Closing Credit¹
#73326097, Mary Kelly, Listing Office: Century 21 Property Central Inc.
New - 4 days on Rocket
$10,000 Closing Credit¹
#73325967, Valerie Previte, Listing Office: Classified Realty Group
$7,552 Closing Credit¹
#73324797, Erin Sullivan, Listing Office: Pulte Homes of New England
#73325685, The Bill Butler Group, Listing Office: Leading Edge Real Estate
$5,580 Closing Credit¹
#73324293, Evelyn Rockas, Listing Office: Coldwell Banker Realty - Lynnfield
$7,064 Closing Credit¹
#73323736, Eileen Doherty, Listing Office: Lamacchia Realty, Inc.
$5,105 Closing Credit¹
#73321388, Lisa Santilli, Listing Office: Classified Realty Group
$9,488 Closing Credit¹
#73321345, Alvarado Real Estate Group, Listing Office: StartPoint Realty & Associates
Backup offers
$3,561 Closing Credit¹
#73320446, The Carroll Group, Listing Office: RE/MAX Partners
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MLS Disclaimers and Copyright
Based on information from MLS Property Information Network Inc., for the period 01/01/2023 - 01/01/2025
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 11:55:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.