New - 1 day on Rocket
$10,000 Closing Credit¹
#73327274, Daniel Beirne, Listing Office: OpenDoor Brokerage LLC
Reading Housing Market Report December 2024•Middlesex County, Massachusetts
Housing Prices in Reading, MA
How much do homes in Reading, MA cost?
Housing Market Conditions
Is Reading, MA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Reading is a Seller's Market
Difference Since December 2023
Since last year, Reading has remained a Seller's Market.
Insight
Reading is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$780,000$451/SqFt
-$7,666
-1.0%
Based on all homes sold in the last 12 months
Insight
Homes in Reading have sold for 1% less than they did a year ago.
Summary: The median home sold price in Reading was $780,000 in December 2024, down 1% from last year, and the median price per square foot was $451.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Wilmington | $680K | $738K | +8.5% |
| Wakefield | $710K | $763.8K | +7.6% |
| North Reading | $691.7K | $739.9K | +7.0% |
| Lynnfield | $920K | $950K | +3.3% |
| Reading | $787.6K | $780K | -1.0% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $427.5K | $475K | +11.1% |
| 22 Bedrooms | $622.5K | $640K | +2.8% |
| 33 Bedrooms | $783K | $765K | -2.3% |
| 44 Bedrooms | $912.5K | $965K | +5.8% |
| 55+ Bedrooms | $1.2M | $1.2M | +3.9% |
Summary: Reading housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +11.1%. The home price for 2 bedroom homes increased by +2.8%. The home price for 3 bedroom homes decreased by -2.3%. The home price for 4 bedroom homes increased by +5.8%. The home price for 5 bedroom homes increased by +3.9%.
Housing supply in Reading, MA
How many homes are available in Reading, MA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 51Last MonthDec 2024 | ||
| 772 months agoNov 2024 | -33.8 % Change MoMNov – Dec |
Summary: The Reading real estate market had 51 homes for sale in Dec 2024, a 33.8 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 27Last MonthDec 2024 | ||
| 262 months agoNov 2024 | +3.8 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 4 | 4 | 0.0% |
| 22 Bedrooms | 20 | 10 | -50.0% |
| 33 Bedrooms | 24 | 16 | -33.3% |
| 44 Bedrooms | 21 | 14 | -33.3% |
| 55+ Bedrooms | 8 | 7 | -12.5% |
Summary: Reading housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -50.0%. The inventory for 3 bedroom homes decreased by -33.3%. The inventory for 4 bedroom homes decreased by -33.3%. The inventory for 5 bedroom homes decreased by -12.5%.
Asking Price vs. Sold Price
How much do homes in Reading, MA cost?
Over Asking Price15 Homes
At Asking Price2 Homes
Under Asking Price10 Homes
Insight
If you're buying a home in Reading, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Reading in December 2024, up by 3.8% month-over-month. Of the 27 sold homes, 37% were sold under asking, 7% were sold at asking, and and 56% were sold over asking.
Days on Market for Reading, MA
How long does it take to sell a home in Reading, MA?
Breakdown of Home Sale Times
Under 30 Days19 Homes
30 – 90 Days8 Homes
Over 90 Days0 Home
Insight
Many homes in Reading are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 27 homes were sold in Reading; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 23 DaysThis YearDec 2024 | ||
| 25 Days1 year agoDec 2023 | -7.8 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Reading had an average listing age of 23 days in Dec 2024, down by 7.8% compared to the previous year.
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Newest Listings in Reading, MA
What homes are available in Reading, MA?
New - 2 days on Rocket
$10,000 Closing Credit¹
#73326904, Lisa Santilli, Listing Office: Classified Realty Group
New - 2 days on RocketBackup offers
$10,000 Closing Credit¹
#73326771, Kimberly Dowling, Listing Office: Vylla Home
New - 3 days on Rocket
$8,906 Closing Credit¹
#73326305, Julie Kennedy, Listing Office: Advisors Living - Canton
New - 4 days on Rocket
$5,818 Closing Credit¹
#73326010, Mary Ann Quinn Group, Listing Office: Wilson Wolfe Real Estate
New - 4 days on Rocket
$10,000 Closing Credit¹
#73325893, Lynne Sheehan, Listing Office: Glover Brokerage Corporation
$7,125 Closing Credit¹
#73324655, Jill Citrano, Listing Office: Leading Edge Real Estate
Backup offers
$10,000 Closing Credit¹
#73324373, Anne Spry, Listing Office: Barrett Sotheby's International Realty
Backup offers
$9,025 Closing Credit¹
#73323955, Michael Hinchliffe, Listing Office: Today Real Estate, Inc.
$8,074 Closing Credit¹
#73323877, Robert Chestnut, Listing Office: Keller Williams Realty
Backup offers
$8,074 Closing Credit¹
#73323818, Coleen McAdam, Listing Office: Charlesgate Realty Group, llc
$10,000 Closing Credit¹
#73322700, Yuwei Liao, Listing Office: Hooli Homes Boston
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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, 11:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.