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 May. The number of active listings was down 13% 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 120-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 1%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 100-thousand dollars. The number of units sold increased 11% year-over-year, and decreased 2% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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: 89,921
  • Median Age: 28.03 yr
  • Median Commute Time: 16.86 mins
  • Educational Climate*: 2
  • Sales Tax: 6%
  • Population Density: 9,098/sq mi
  • Population Change Since 2000: 10.81%
  • Closest Airport: Lehigh Valley International
  • Closest College: Alvernia University
  • Closest Jr. College: Pace Institute
  • Median Household Income: $28,401
  • Annual Residential Turnover: 24.23%
  • Median Years in Residence: 2.72 yr
  • Median Home Sales Price: $54,900
  • Closest Major Sports Team: Reading Fightin Phils
  • Change Avg. Household Income Since 2000: 6%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Reading, PA
Median Age: 28.03 Married: 20% Number of Households: 30,304 Households with Children: 12,486
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 El School 0.2 mi Public PRESCHOOL-5 1 4
      Northwest Middle School 0.5 mi Public 6-7 1 0
      Lauers Park El School 0.6 mi Public PRESCHOOL-5 1 5
      St Margaret School 0.7 mi Catholic PRESCHOOL-8 0 4
      West Reading Elementary Center 0.8 mi Public 5-6 4-5 5
      Sacred Heart School, West Reading 0.9 mi Catholic K-8 0 5
      Riverside El School 0.9 mi Public K-5 0 1
      Gateway School For Intl. Business And World Langua 0.9 mi Public 6-6 1 0
      School Of The Performing Arts At Glenside 0.9 mi Public 6-6 1 4
      Glenside El School 0.9 mi Public PRESCHOOL-6 2 4
      Cabrini Academy Early Learning Centre 1.0 mi Catholic PRESCHOOL-K 0 0
      Southwest Middle School 1.1 mi Public 6-7 1 2
      I Lead Charter School 1.2 mi Public 9-12 0 0
      St Peter School 1.2 mi Catholic K-8 0 3
      Chor Day Academy 1.3 mi Private 1-12 0 0
      Wyomissing Institute Of Fine Arts 1.3 mi Catholic PRESCHOOL-K 0 0
      Tyson Schoener El School 1.3 mi Public PRESCHOOL-5 0 1
      Tenth & Green El School 1.3 mi Public PRESCHOOL-5 1 0
      Tenth & Penn El School 1.4 mi Public PRESCHOOL-5 1 3
      Excel School 1.5 mi Public 6-12 0 0
      Southern Middle School 1.5 mi Public 6-7 1 3
      Berks Catholic High School 1.5 mi Catholic 9-12 0 4
      Callowhill Nursery School And Kindergarten 1.6 mi Private PRESCHOOL-PRESCHOOL 0 0
      Citadel Reading Intermediate High School 1.6 mi Public 8-9 0 0
      Twelfth & Marion El School 1.6 mi Public K-5 1 0
      Thomas H Ford El School 1.6 mi Public PRESCHOOL-5 1 3
      School Of Technology And Communication At Thomas F 1.6 mi Public 6-6 1 3
      Thirteenth & Green El School 1.6 mi Public PRESCHOOL-5 1 3
      Reading Sr High School 1.7 mi Public 10-12 1 2
      Amanda E Stout El School 1.7 mi Public PRESCHOOL-5 1 2
      Northeast Middle School 1.7 mi Public 6-7 1 3
      Northwestern Human Services 1.9 mi Private K-12 0 0
      Tutor Time Child Care/learning Center 1.9 mi Private PRESCHOOL-PRESCHOOL 0 0
      Thirteenth & Union El School 1.9 mi Public PRESCHOOL-5 1 4
      Opportunities School 2.0 mi Private 1-8 0 0
      Millmont El School 2.0 mi Public PRESCHOOL-5 2 4
      The School Of Agriculture Ecology And Science 2.0 mi Public 6-6 1 0
      Alvernia Montessori 2.0 mi Catholic PRESCHOOL-K 0 0
      Fairview Christian School 2.0 mi Private K-12 0 4
      Wyomissing Hills El Ctr 2.0 mi Public K-4 3-5 4
      Reading Sda Jr Academy 2.0 mi Private PRESCHOOL-10 0 2
      Lakin Preschool 2.1 mi Private PRESCHOOL-PRESCHOOL 0 0
      Wyomissing Area Jshs 2.1 mi Public 7-12 4 4
      Sixteenth & Haak El School 2.2 mi Public PRESCHOOL-5 1 4
      Hildebrandt Learning Center 2.3 mi Private K-K 0 0
      Spring Ridge El School 2.3 mi Public K-5 4 4
      West Wyomissing El School 2.8 mi Public K-5 4-5 0
      Albright Learning Center 2.8 mi Private PRESCHOOL-K 0 0
      Holy Guardian Angels School 2.9 mi Catholic PRESCHOOL-8 0 5
      Mt Penn El School 2.9 mi Public 2-6 2-5 5
      Winston Hall 2.9 mi Private PRESCHOOL-6 0 5
      Governor Mifflin Middle School 3.0 mi Public 7-8 4 3
      Governor Mifflin Sr High School 3.0 mi Public 9-12 2-5 3
      Intermediate School 3.0 mi Public 5-6 3-5 4
      St Catharine Of Siena School 3.0 mi Catholic PRESCHOOL-8 0 4
      Reading Muhlenberg Avts 3.0 mi Public 10-12 0 0
      Mifflin Park Elementary School 3.1 mi Public K-4 2-5 0
      Mt Penn Primary Ctr 3.1 mi Public K-1 0 5
      Lincoln Park El School 3.2 mi Public K-5 5 5
      Muhlenberg Middle School 3.2 mi Public 7-9 3 3
      Wilson Central Jhs 3.3 mi Public 6-8 4-5 4
      Wilson High School 3.3 mi Public 9-12 4 4
      Cumru El School 3.3 mi Public K-4 3 4
      Saint Ignatius Loyola School 3.4 mi Catholic PRESCHOOL-8 0 5
      C E Cole Intermediate School 3.4 mi Public 5-6 2 0
      Whitfield Elementary School 3.4 mi Public K-5 4 4
      Kindercare Learning Center 3.4 mi Private PRESCHOOL-K 0 0
      Muhlenberg High School 3.5 mi Public 10-12 2-5 3
      John Paul Ii Center For Special Learning 3.6 mi Catholic UNGRADE-UNGRADE 0 0
      Muhlenberg El Ctr 3.6 mi Public K-4 1 4
      La Salle Academy 3.8 mi Catholic PRESCHOOL-8 0 4
      Cornwall Terrace El School 3.9 mi Public K-5 4-5 4
      Wilson Southern Jhs 3.9 mi Public 6-8 4-5 4
      Antietam Ms/hs 4.2 mi Public 7-12 2 3
      Exeter Twp Senior High School 4.2 mi Public 9-12 3-5 3
      Exeter Twp Junior High School 4.4 mi Public 7-8 4-5 4
      Flying Hills Preschool 4.6 mi Private PRESCHOOL-K 0 0
      Green Valley El School 5.3 mi Public K-5 4-5 5
      Jacksonwald Elementary School 5.3 mi Public K-4 4 4
      Kindercare Learning Center 5.5 mi Private UNGRADE-PRESCHOOL 0 0
      Shiloh Hills El School 5.9 mi Public K-5 5 3
      Lorane Elementary School 6.0 mi Public K-4 3-5 4
      Owatin Creek Elementary School 6.0 mi Public K-4 0 0
      Montessori Country Day School 6.3 mi Private PRESCHOOL-8 0 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 © 2015
      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.