Real Estate Market Update for Reading, PA
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Welcome to your monthly "Market Update". Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 17% from one year earlier and up 2% from the previous month This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month... was just under 110-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 4% This lower number of days may signal a positive trend in the local inventory-turnover rate. Meanwhile, The median sale price was just over 100-thousand dollars. Overall, The number of units sold Increased 10% year-over-year and Increased 30% month-over-month These figures may indicate that buyers have been taking advantage of competitive pricing and interest-rates. 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.
Map Information for Reading, PA
Area Information for Reading, PA
  • Population: 88,723
  • Median Age: 38.31 yr
  • Median Commute Time: 16.86 mins
  • Educational Climate*: 3
  • Recycling Likelihood**: 94
  • Sales Tax: 6%
  • Population Density: 8,760/sq mi
  • Population Change Since 2000: 9%
  • Closest Airport: Lehigh Valley International
  • Closest College: Alvernia College
  • Closest Jr. College: Pace Institute
  • Median Household Income: $28,033
  • Annual Residential Turnover: 24.32%
  • Median Years in Residence: 2.71 yr
  • Median Home Sales Price: $54,950
  • Closest Major Sports Team: Reading Phillies (aa)
  • Change Avg. Household Income Since 2000: 4%
* Scale from 1-5   ** Index where 100 is the national average
Demographic Data for Reading, PA
Median Age: 38.31 Married: 30% Number of Households: 30,442 Households with Children: 13,032
Community:
    • 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, PA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Northwest Area Elementary School 0.2 mi Public K - 5 1 4
      Northwest Middle School 0.5 mi Public 7 - 9 1 0
      Lauer's Park Elementary School 0.6 mi Public K - 5 3 5
      St Margaret School 0.7 mi Catholic K - 8 0 0
      West Reading Elementary Center 0.8 mi Public 4 - 6 4 5
      Sacred Heart School - W Reading 0.9 mi Catholic K - 8 0 5
      Glenside Elementary School 0.9 mi Public K - 5 1 0
      Gateway Int'l Bus & World Lang 0.9 mi Public 4 - 6 0 0
      Riverside Elementary School 0.9 mi Public K - 5 0 1
      Cabrini Academy Early Learn Center 1.0 mi Catholic PRESCHOOL/KINDERGARTEN 0 0
      Southwest Middle School 1.1 mi Public 7 - 9 1 2
      St Peter School 1.2 mi Catholic K - 8 0 3
      Tyson Schooloener Elementary School 1.3 mi Public K - 5 0 1
      Tenth & Green Elementary School 1.3 mi Public K - 5 0 0
      Tenth & Penn Elementary School 1.4 mi Public K - 5 0 3
      Excel 1.5 mi Public K - 12 0 0
      Southern Middle School 1.5 mi Public 7 - 9 1 3
      Holy Name High School 1.5 mi Catholic 9 - 12 0 4
      Reading Intermediate High School 1.6 mi Public 9 - 12 0 0
      Gateway Community - Tech School 1.6 mi Public 4 - 6 0 0
      Thomas H Ford Elementary School 1.6 mi Public K - 5 1 3
      Twelfth & Marion Elementary School 1.6 mi Public K - 5 1 0
      Thirteenth & Green Elementary School 1.6 mi Public K - 5 1 0
      Reading High School 1.6 mi Public 10 - 12 1 2
      Amanda E Stout Elementary School 1.7 mi Public K - 5 2-5 2
      Northeast Middle School 1.7 mi Public 7 - 9 1 3
      Central Catholic High School - Reading 1.9 mi Catholic 9 - 12 0 0
      Thirteenth & Union Elementary School 1.9 mi Public K - 5 1 4
      Millmont Elementary School 2.0 mi Public K - 5 4 0
      Gateway School Agri - Science - Ecology 2.0 mi Public 5 - 8 1 0
      Opportunities School 2.0 mi Private K - 8 0 0
      Fairview Christian School 2.0 mi Private K - 12 0 4
      Wyomissing Hills Elementary Center 2.0 mi Public K - 5 3-5 4
      Reading Sda Junior Academy 2.0 mi Private K - 12 0 0
      Wyomissing Area Junior Senior High School 2.1 mi Public 7 - 12 3-5 4
      Sixteenth & Haak Elementary School 2.2 mi Public K - 5 1 4
      Spring Ridge Elementary School 2.3 mi Public K - 5 4 4
      Gateway Sch/performing Arts 2.6 mi Public 4 - 6 0 0
      West Wyomissing Elementary School 2.8 mi Public K - 5 5 0
      Holy Guardian Angels Regional School 2.9 mi Catholic K - 8 0 0
      Mount Penn Elementary Center 2.9 mi Public K - 6 2-5 5
      Winston Hall 3.0 mi Private K - 6 0 0
      Governor Mifflin Senior High School 3.0 mi Public 9 - 12 3 3
      St Ignatius Loyola Regional School 3.0 mi Catholic K - 8 0 4
      St Catherine Of Siena School 3.0 mi Catholic K - 8 0 5
      Reading Muhlenberg Ctc 3.0 mi Public VOCATIONAL TECHNICAL SCHOOL 0 0
      Governor Mifflin Interm School 3.0 mi Public 4 - 6 3-5 4
      Mifflin Park Elementary School 3.1 mi Public K - 5 0 0
      Governor Mifflin Middle School 3.1 mi Public 7 - 9 4-5 3
      Mount Penn Primary Center 3.1 mi Public K - 3 0 0
      Muhlenberg Middle School 3.2 mi Public 7 - 9 2-5 3
      Lincoln Park Elementary School 3.2 mi Public K - 5 5 5
      Muhlenberg Elementary Center 3.3 mi Public K - 5 1 4
      Muhlenberg Senior High School 3.3 mi Public 9 - 12 2 0
      Wilson Senior High School 3.3 mi Public 9 - 12 4 4
      Cumru Elementary School 3.3 mi Public K - 5 3-5 4
      Whitfield Elementary School 3.4 mi Public K - 5 4 0
      C E Cole Intermediate School 3.4 mi Public 4 - 6 2 0
      John Paul Ii Center - Special L 3.7 mi Catholic SPECIAL EDUCATION 0 0
      Lasalle Academy 3.8 mi Catholic K - 8 0 4
      Wilson Southern Middle School 3.9 mi Public 5 - 8 4 4
      Cornwall Terrace Elementary School 3.9 mi Public K - 5 4 4
      Exeter Township Senior High School 4.2 mi Public 9 - 12 3-5 3
      Exeter Township Junior High School 4.4 mi Public 7 - 9 4 4
      Martin Luther Lausch Elementary School 4.6 mi Public K - 5 4 0
      Antietam Middle Senior High School 5.1 mi Public 7 - 12 1 3
      Green Valley Elementary School 5.3 mi Public K - 5 4-5 0
      Wilson West Middle School 5.3 mi Public 5 - 8 4-5 4
      Jacksonwald Elementary School 5.3 mi Public K - 5 3-5 4
      Reiffton School 5.5 mi Public 4 - 6 3-5 4
      Shiloh Hills Elementary School 5.9 mi Public K - 5 4-5 3
      Lorane Elementary School 6.0 mi Public K - 5 3 5
      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: GreatSchools.org and Onboard Informatics © 2010
      Local Weather for Reading, PA
        Community information and market data Powered by Onboard Informatics. Copyright ©2013 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.