Real Estate Market Update for Reading, PA
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Welcome to March's 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 12% from one year earlier, and down 2% 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 over 110-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 8%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 110-thousand dollars. The number of units sold decreased 23% year-over-year, and increased 25% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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: 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 Elementary School 0.2 mi Public PRESCHOOL-5 1 4
      Northwest Middle School 0.5 mi Public 6-7 1 0
      Lauers Park Elementary School 0.6 mi Public PRESCHOOL-5 1 5
      St. Margaret School 0.7 mi Catholic PRESCHOOL-8 0 4
      West Reading El Center 0.8 mi Public 5-6 4-5 5
      Sacred Heart School 0.9 mi Catholic K-8 0 5
      Riverside Elementary School 0.9 mi Public K-5 0 1
      Gateway School For International Business And World Langua 0.9 mi Public 6-6 1 0
      International Business And World Language Gateway 0.9 mi Public 6-6 0 0
      Glenside Elementary School 0.9 mi Public PRESCHOOL-6 2 4
      Gateway School For Performing Arts (magnet) 0.9 mi Public 6-6 1 4
      Cabrini Academy 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 - 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 Elementary School 1.3 mi Public PRESCHOOL-5 0 1
      Tenth & Green Elementary School 1.3 mi Public PRESCHOOL-5 1 0
      Tenth & Penn Elementary 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
      Holy Name High School 1.5 mi Catholic 9-12 0 4
      Callowhill Nursery School And Kindergarten 1.6 mi Private PRESCHOOL-K 0 0
      Citadel Intermediate High School 1.6 mi Public 8-9 0 0
      Twelfth & Marion Elementary School 1.6 mi Public K-5 1 0
      School Of Technology And Communication At Thomas F 1.6 mi Public 6-6 1 3
      Thomas H Ford Elementary School 1.6 mi Public PRESCHOOL-5 1 3
      Thirteenth & Green Elementary School 1.6 mi Public PRESCHOOL-5 1 3
      Reading Senior High School 1.7 mi Public 10-12 1 2
      Amanda E Stout Elementary 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-11 0 0
      Tutor Time Child Care/learning Center 1.9 mi Private PRESCHOOL-PRESCHOOL 0 0
      Thirteenth & Union Elementary School 1.9 mi Public PRESCHOOL-5 1 4
      Millmont Elementary School 2.0 mi Public PRESCHOOL-5 2 4
      The School Of Agriculture, Ecology And Science 2.0 mi Public 6-6 1 0
      Opportunities School 2.0 mi Private 1-8 0 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 Center 2.0 mi Public K-4 3-5 4
      Reading Sda Junior Academy 2.0 mi Private PRESCHOOL-10 0 0
      Jewish Community Ctr Nur School 2.1 mi Private PRESCHOOL-PRESCHOOL 0 0
      Wyomissing Area Junior/senior High School 2.1 mi Public 7-12 4 4
      Sixteenth & Haak Elementary School 2.2 mi Public PRESCHOOL-5 1 4
      Hildebrandt Learning Center 2.3 mi Private K-K 0 0
      Spring Ridge Elementary School 2.3 mi Public K-5 4 4
      West Wyomissing Elementary School 2.8 mi Public K-5 4-5 0
      Albright Learning Center 2.8 mi Private PRESCHOOL-K 0 0
      Holy Guardian Angels Regional School 2.9 mi Catholic PRESCHOOL-8 0 5
      Mount Penn Elementary School 2.9 mi Public 2-6 2-5 5
      Winston Hall School 2.9 mi Private PRESCHOOL-6 0 5
      Governor Mifflin Senior 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 5
      Reading Muhlenberg Ctc 3.0 mi Public 10-12 0 0
      Mifflin Park Elementary School 3.1 mi Public K-4 2-5 0
      Mount Penn Primary Center 3.1 mi Public K-1 0 5
      Lincoln Park Elementary School 3.2 mi Public K-5 5 5
      Muhlenberg Middle School 3.2 mi Public 7-9 3 3
      Governor Mifflin Middle School 3.2 mi Public 7-8 4 3
      Wilson High School 3.3 mi Public 9-12 4 4
      Wilson West Middle School 3.3 mi Public 6-8 4-5 4
      Cumru Elementary School 3.3 mi Public K-3 3 4
      St. Ignatius Loyola Regional School 3.4 mi Catholic PRESCHOOL-8 0 4
      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 0
      John Paul Ii Center For Special Learning 3.6 mi Catholic UNGRADE-UNGRADE 0 0
      Muhlenberg El Center 3.6 mi Public K-4 1 4
      La Salle Academy 3.8 mi Catholic PRESCHOOL-8 0 4
      Cornwall Terrace Elementary School 3.9 mi Public K-5 4-5 4
      Wilson Southern Middle School 3.9 mi Public 6-8 4-5 4
      Antietam Middle School/high School 4.2 mi Public 7-12 2 3
      Exeter Township Senior High School 4.2 mi Public 9-12 3-5 3
      Exeter Township 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 Elementary School 5.3 mi Public K-5 4-5 5
      Jacksonwald Elementary School 5.3 mi Public K-4 4 4
      Reiffton School 5.4 mi Public 5-6 3-5 4
      Kindercare Learning Center 5.5 mi Private PRESCHOOL-K 0 0
      Shiloh Hills Elementary School 5.9 mi Public K-5 5 3
      Lorane Elementary School 6.0 mi Public K-4 3-5 5
      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 2014
      Local Weather for Reading, PA
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.