Is Reading Township, PA 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, Reading Township has remained a Seller's Market.
Housing Prices in Reading Township, PA
How much do homes in Reading Township, PA cost?
Median Sold Price
$238,772
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Reading Township was $238,772 in April 2024, up 13.7% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | $136.5K | -5.9% |
2 Bedrooms | $175K | $189.9K | +8.5% |
3 Bedrooms | $210K | $241K | +14.8% |
4 Bedrooms | $296K | $304.2K | +2.8% |
5+ Bedrooms | $158.9K | $180.6K | +13.6% |
Summary: Reading Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.9%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 13.6%.
Median Sold Price Compared To Nearby Cities
Reading Township | $209.9K | $238.7K | +13.7% |
East Berlin | $270K | $293.5K | +8.7% |
Latimore Township | $343.5K | $359.9K | +4.8% |
Washington Township | $214.2K | $220.3K | +2.8% |
Housing Supply in Reading Township, PA
How many homes are available in Reading Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
554 | 511 | -7.8% |
Summary: The Reading Township real estate market had 511 homes for sale in April 2024, a 7.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 1 | -80.0% |
2 Bedrooms | 53 | 65 | +22.6% |
3 Bedrooms | 244 | 218 | -10.7% |
4 Bedrooms | 158 | 143 | -9.5% |
5+ Bedrooms | 94 | 84 | -10.6% |
Summary: The Reading Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 80%, 2 bedroom homes increased by 22.6%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes decreased by 10.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
177 | 144 | -18.6% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
65 Homes Were Sold
Over Asking
Summary: A total of 144 homes were sold or pending in Reading Township in April 2024, down by 18.6% month-over-month. Of the 144 sold homes, 31% were sold under asking, 24% were sold at asking, and 45% were sold over asking.
Days on Market for Reading Township, PA
How long does it take to sell a home in Reading Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 24 Days | +65.4% |
Summary: Homes in Reading Township had an average of 24 days on market in Apr 2024, up by 65.4% compared to last year.
Breakdown of Home Sale Times
114 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 144 homes were sold in Reading Township; 79% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.