Real Estate Market Update for Reading, PA
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was down 26% from one year earlier, and down 5% 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 110-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 17%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 120-thousand dollars. The number of units sold increased 1% year-over-year, and increased 21% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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, PA
Area Information for Reading, PA
  • Population: 87,262
  • Median Age: 30.6 yr
  • Median Commute Time: 21 mins
  • Educational Climate*: 2
  • Sales Tax: 6%
  • Population Density: 8,828/sq mi
  • Population Change Since 2000: 7.54%
  • Closest Airport: Lehigh Valley International
  • Closest College: Albright College
  • Closest Jr. College: Pace Institute
  • Median Household Income: $27,531
  • Annual Residential Turnover: 23%
  • Median Home Sales Price: $53,500
  • Closest Major Sports Team: Reading Fightin Phils (aa)
  • Change Avg. Household Income Since 2000: 5.39%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Reading, PA
Median Age: 30.6 Married: 25% Number of Households: 29,762 Households with Children: 10,950
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 School Rating Parent Rating
      Northwest Elementary School 0.2 mi Public PRESCHOOL-5 1 0
      Northwest Middle School 0.5 mi Public 6-7 1 0
      Lauers Park Elementary School 0.6 mi Public PRESCHOOL-5 1 0
      St Margaret School 0.7 mi Catholic PRESCHOOL-8 0 0
      West Reading El Center 0.8 mi Public 5-6 0 0
      Sacred Heart School 0.9 mi Catholic K-8 0 0
      Glenside Elementary School 0.9 mi Public PRESCHOOL-6 1 0
      Riverside Elementary School 0.9 mi Public K-5 0 0
      Cabrini Academy Early Learning Centre 1.0 mi Catholic PRESCHOOL-K 0 0
      Southwest Middle School 1.1 mi Public 6-7 0 0
      I Lead Charter School 1.2 mi Public 9-12 0 0
      St. Peter School 1.2 mi Catholic K-8 0 0
      Chor Day Academy 1.2 mi Private 1-12 0 0
      Wyomissing Institute Of Fine Arts Education 1.3 mi Catholic PRESCHOOL-K 0 0
      Tyson Schoener Elementary School 1.3 mi Public PRESCHOOL-5 0 0
      Tenth & Green Elementary School 1.3 mi Public PRESCHOOL-5 0 0
      Tenth & Penn Elementary School 1.4 mi Public PRESCHOOL-5 1 0
      Southern Middle School 1.5 mi Public 6-7 0 0
      Holy Name High School 1.5 mi Catholic 9-12 0 0
      Citadel Intermediate High School 1.6 mi Public 8-9 0 3
      Callowhill Nursery School And Kindergarten 1.6 mi Private PRESCHOOL-PRESCHOOL 0 0
      Twelfth & Marion Elementary School 1.6 mi Public K-5 0 0
      Thirteenth & Green Elementary School 1.6 mi Public PRESCHOOL-5 0 0
      Reading Senior High School 1.7 mi Public 10-12 1 3
      Amanda E Stout Elementary School 1.7 mi Public PRESCHOOL-5 1 0
      Northeast Middle School 1.7 mi Public 6-7 0 0
      Tutor Time Child Care/learning Center 1.9 mi Private PRESCHOOL-PRESCHOOL 0 0
      Northwestern Human Services 1.9 mi Private K-12 0 0
      Thirteenth & Union Elementary School 1.9 mi Public PRESCHOOL-5 1 0
      Opportunities School 2.0 mi Private 1-8 0 0
      Millmont Elementary School 2.0 mi Public PRESCHOOL-5 1 0
      Fairview Christian School 2.0 mi Private K-12 0 0
      Wyomissing Hills El Center 2.0 mi Public K-4 4 0
      Reading Sda Jr Academy 2.0 mi Private PRESCHOOL-10 0 0
      Lakin Preschool 2.1 mi Private PRESCHOOL-PRESCHOOL 0 0
      Wyomissing Area Junior-senior High School 2.1 mi Public 7-12 3 4
      Sixteenth & Haak Elementary School 2.2 mi Public PRESCHOOL-5 0 0
      Spring Ridge Elementary School 2.3 mi Public K-5 5 0
      Hildebrandt Learning Center 2.5 mi Private K-K 0 0
      Reading Muhlenberg Ctc 2.8 mi Public 10-12 0 0
      Albright Learning Center 2.8 mi Private PRESCHOOL-K 0 0
      Holy Guardian Angels Regional School 2.9 mi Catholic PRESCHOOL-8 0 0
      Winston Hall School 2.9 mi Private PRESCHOOL-6 0 0
      Governor Mifflin Senior High School 3.0 mi Public 9-12 2 3
      Governor Mifflin Middle School 3.0 mi Public 7-8 4 0
      Mt Penn Elementary School 3.0 mi Public 2-6 2 0
      Intermediate School 3.0 mi Public 5-6 0 0
      St. Catharine Of Siena School 3.0 mi Catholic PRESCHOOL-8 0 0
      Mifflin Park El School 3.1 mi Public K-4 3 0
      Mt Penn Primary Center 3.1 mi Public K-1 0 0
      Muhlenberg Middle School 3.2 mi Public 7-9 2 0
      Wilson High School 3.2 mi Public 9-12 4 3
      Cumru Elementary School 3.3 mi Public K-4 3 0
      St. Ignatius Loyola Regional School 3.4 mi Catholic PRESCHOOL-8 0 0
      C E Cole Intermediate School 3.4 mi Public 5-6 0 0
      Whitfield El School 3.4 mi Public K-5 4 0
      Kindercare Learning Center 3.4 mi Private PRESCHOOL-K 0 0
      Muhlenberg High School 3.5 mi Public 10-12 2 3
      John Paul Ii Center For Special Learning 3.6 mi Catholic UNGRADE-UNGRADE 0 0
      Muhlenberg El Center 3.6 mi Public K-4 2 0
      La Salle Academy 3.8 mi Catholic PRESCHOOL-8 0 0
      Cornwall Terrace Elementary School 4.1 mi Public K-5 4 0
      Wilson Southern Middle School 4.1 mi Public 6-8 5 4
      Antietam Middle School/high School 4.2 mi Public 7-12 1 3
      Exeter Twp Senior High School 4.2 mi Public 9-12 4 3
      Exeter Twp Junior High School 4.4 mi Public 7-8 4 0
      Flying Hills Preschool 4.6 mi Private PRESCHOOL-K 0 0
      Green Valley Elementary School 5.2 mi Public K-5 4 0
      Jacksonwald Elementary School 5.3 mi Public K-4 3 0
      Reiffton School 5.4 mi Public 5-6 0 0
      Wilson West Middle School 5.4 mi Public 6-8 5 0
      Kindercare Learning Center 5.5 mi Private UNGRADE-PRESCHOOL 0 0
      Shiloh Hills Elementary School 5.9 mi Public K-5 5 0
      Lorane El School 6.0 mi Public K-4 3 0
      Owatin Creek Elementary School 6.0 mi Public K-4 4 0
      Berks County Montessori Country Day School 6.3 mi Private PRESCHOOL-8 0 0
      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: Onboard Informatics © 2015. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Reading, PA
        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.