Is North Reading, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, North Reading has remained a Seller's Market.
Key Takeaway
North Reading is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Reading, MA
How much do homes in North Reading, MA cost?
Median Sold Price
$705,000
$400/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in North Reading have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in North Reading was $705,000 in April 2024, up 3.3% from last year, and the median price per square foot was $400.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $433.3K | $468.7K | +8.2% |
| 2 Bedrooms | $577.3K | $600K | +3.9% |
| 3 Bedrooms | $700K | $762.6K | +8.9% |
| 4 Bedrooms | $1.0M | $1.2M | +19.6% |
| 5+ Bedrooms | $1.1M | $1.2M | +8.6% |
Summary: North Reading housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Cities
| Reading | $766K | $803K | +4.8% |
| Lynnfield | $900K | $940K | +4.4% |
| Wilmington | $674.1K | $700K | +3.8% |
| North Reading | $682.5K | $705K | +3.3% |
| Middleton | $825K | $750K | -9.1% |
Housing Supply in North Reading, MA
How many homes are available in North Reading, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 51 | +41.7% |
Summary: The North Reading real estate market had 51 homes for sale in April 2024, a 41.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 9 | 14 | +55.6% |
| 4 Bedrooms | 6 | 12 | +100.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The North Reading housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 55.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Reading, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in North Reading in April 2024, up by 37.5% month-over-month. Of the 11 sold homes, 9% were sold under asking, 18% were sold at asking, and 73% were sold over asking.
Days on Market for North Reading, MA
How long does it take to sell a home in North Reading, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 21 Days | +1.6% |
Summary: Homes in North Reading had an average of 21 days on market in Apr 2024, up by 1.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Reading are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in North Reading; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
