Is Reading, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Reading was a Seller's Market.
Housing Prices in Reading, MI
How much do homes in Reading, MI cost?
Median Sold Price
$176,750
$157/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Reading was $176,750 in April 2024, up 57.1% from last month, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $112.5K | - | N/A |
3 Bedrooms | $93.5K | $187.5K | +100.5% |
4 Bedrooms | - | $166K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Reading housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 100.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Reading, MI
How many homes are available in Reading, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 14 | 0.0% |
Summary: The Reading real estate market had 14 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 7 | 5 | -28.6% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 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 remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Reading in April 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Reading, MI
How long does it take to sell a home in Reading, MI?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 99 Days | +85.6% |
Summary: Homes in Reading had an average of 99 days on market in Apr 2024, up by 85.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Reading; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.