Real Estate Market Update for Reading, MA
Welcome to February's Market Update. Let’s take a look at residential real-estate activity in your area during the month of January. The number of active listings was down 40% from one year earlier, and down 31% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 550-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 24%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 430-thousand dollars. The number of units sold was consistent year-over-year, and decreased 47% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Reading, MA
Area Information for Reading, MA
  • Population: 25,383
  • Median Age: 43.01 yr
  • Median Commute Time: 26 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 2,550/sq mi
  • Population Change Since 2000: 7.23%
  • Closest Airport: General Edward Lawrence Logan International
  • Closest College: Itt Technical Institute
  • Closest Jr. College: Lincoln Technical Institute-somerville
  • Median Household Income: $102,452
  • Annual Residential Turnover: 8%
  • Median Home Sales Price: $436,350
  • Closest Major Sports Team: Boston Bruins
  • Change Avg. Household Income Since 2000: 38%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Reading, MA
Median Age: 43.01 Married: 51% Number of Households: 9,551 Households with Children: 3,347
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Reading, MA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Reading Memorial High School 0.2 mi Public 9-12 3-5 3
      Rise Preschool 0.2 mi Public PRESCHOOL-PRESCHOOL 0 0
      Birch Meadow Elementary School 0.4 mi Public K-5 2 5
      Arthur W Coolidge Middle School 0.5 mi Public 6-8 3 5
      Killam Elementary School 0.9 mi Public K-5 3 4
      Austin Preparatory School 1.0 mi Private 6-12 0 3
      Walter S Parker Middle School 1.0 mi Public 6-8 3-5 4
      Reading Montessori School 1.2 mi Private PRESCHOOL-K 0 0
      Wood End Elementary School 1.3 mi Public K-5 2-5 4
      Alice M. Barrows Elementary School 1.3 mi Public K-5 3 3
      Joshua Eaton Elementary School 1.5 mi Public K-5 2 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: and Onboard Informatics © 2015
      Local Weather for Reading, MA
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.