Real Estate Market Update for Reading, PA
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 32% from one year earlier, and down 3% 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 120-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 under 140-thousand dollars. The number of units sold decreased 8% year-over-year, and held steady month-over-month. Even though sales figures were down from a year ago, the recent local market conditions were basically unchanged. 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.
Show Transcript
Map Information for Reading, PA
Area Information for Reading, PA
  • Population: 89,350
  • Median Age: 32.19 yr
  • Median Commute Time: 21 mins
  • Educational Climate*: 2
  • Sales Tax: 0%
  • Population Density: 9,053/sq mi
  • Population Change Since 2000: 10.09%
  • Closest Airport: Lehigh Valley International
  • Closest College: Albright College
  • Closest Jr. College: Reading Area Community College
  • Median Household Income: $27,966
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $63,000
  • Closest Major Sports Team: Reading Fightin Phils (aa)
  • Change Avg. Household Income Since 2000: 10.52%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Reading, PA
Median Age: 32.19 Married: 23% Number of Households: 30,433 Households with Children: 11,243
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 0.1 mi Public PRESCHOOL-5 1 0
      Northwest Middle School 0.5 mi Public 5-8 1 0
      New Story Wyomissing School 0.6 mi Private K-12 0 0
      Glenside Elementary School 0.6 mi Public PRESCHOOL-5 0 0
      Childrens Home Of Reading 0.7 mi Private 5-12 0 0
      United Community Services Youthbuild 0.7 mi Public 10-UNGRADE 0 0
      St Margaret School 0.7 mi Catholic PRESCHOOL-8 0 0
      Riverside Elementary School 0.8 mi Public PRESCHOOL-4 0 0
      Lauers Park Elementary School 0.9 mi Public PRESCHOOL-4 1 0
      Sacred Heart School 1.0 mi Catholic K-8 0 0
      West Reading El Center 1.0 mi Public 5-6 0 0
      I-lead Charter School 1.3 mi Public 9-12 0 0
      Southwest Middle School 1.3 mi Public 5-8 0 0
      Callowhill Nursery School And Kindergarten 1.4 mi Private PRESCHOOL-K 0 0
      St. Peter School 1.5 mi Catholic K-8 0 0
      Tenth & Green Elementary School 1.5 mi Public PRESCHOOL-5 0 0
      Tyson Schoener Elementary School 1.6 mi Public PRESCHOOL-4 0 0
      Tenth & Penn Elementary School 1.7 mi Public PRESCHOOL-4 0 0
      Twelfth & Marion Elementary School 1.7 mi Public PRESCHOOL-4 0 0
      Holy Name High School 1.8 mi Catholic 9-12 0 0
      Reading Senior High School 1.8 mi Public 9-12 1 0
      Southern Middle School 1.8 mi Public 6-7 0 0
      Central Middle School 1.8 mi Public 8-8 0 0
      Northeast Middle School 1.8 mi Public 5-8 1 0
      Thirteenth & Green Elementary School 1.8 mi Public PRESCHOOL-4 1 0
      Amanda E Stout Elementary School 1.9 mi Public K-4 0 0
      Thirteenth & Union Elementary School 1.9 mi Public PRESCHOOL-4 1 0
      Wyomissing Hills El Center 2.0 mi Public K-4 4 0
      Lakin Preschool 2.0 mi Private PRESCHOOL-PRESCHOOL 0 0
      New Story - Perkiomen / Reading 2.0 mi Private - 0 0
      Spring Ridge Elementary School 2.2 mi Public K-5 4 0
      Wyomissing Area Junior-senior High School 2.2 mi Public 7-12 4 0
      Opportunities School 2.2 mi Private K-8 0 0
      Millmont Elementary School 2.2 mi Public PRESCHOOL-4 1 0
      Reading Sda Jr Academy 2.2 mi Private PRESCHOOL-10 0 0
      Fairview Christian School 2.3 mi Private K-12 0 0
      The Goddard School - Wyomissing 2.3 mi Private PRESCHOOL-PRESCHOOL 0 0
      Hildebrandt Learning Center 2.3 mi Private K-K 0 0
      Huntington Learning Center - Reading 2.3 mi Private - 0 0
      Sixteenth & Haak Elementary School 2.4 mi Public PRESCHOOL-4 0 0
      Holy Guardian Angels Regional School 2.7 mi Catholic PRESCHOOL-8 0 0
      Reading Muhlenberg Ctc 2.7 mi Public 10-12 0 0
      Muhlenberg Middle School 3.0 mi Public 7-9 1 0
      Tiny Treasures Nursery School 3.1 mi Private PRESCHOOL-PRESCHOOL 0 0
      Governor Mifflin Middle School 3.1 mi Public 7-8 2 0
      Governor Mifflin Senior High School 3.1 mi Public 9-12 3 0
      Winston Hall School 3.2 mi Private PRESCHOOL-6 0 0
      Mt Penn Elementary School 3.2 mi Public 2-6 1 0
      Intermediate School 3.2 mi Public 5-6 0 0
      Wilson High School 3.2 mi Public 9-12 4 0
      Shiloh Hills Elementary School 3.2 mi Public K-5 4 0
      St. Catharine Of Siena School 3.2 mi Catholic PRESCHOOL-8 0 0
      Muhlenberg High School 3.2 mi Public 10-12 2 0
      C E Cole Intermediate School 3.3 mi Public 4-6 1 0
      Mifflin Park El School 3.3 mi Public K-4 2 0
      St. Ignatius Loyola Regional School 3.3 mi Catholic PRESCHOOL-8 0 0
      Mt Penn Primary Center 3.3 mi Public K-1 0 0
      Whitfield El School 3.3 mi Public K-5 3 0
      Cumru Elementary School 3.5 mi Public K-4 2 0
      Yocum Institute For Arts Education 3.6 mi Catholic PRESCHOOL-K 0 0
      John Paul Ii Center For Special Learning 3.7 mi Catholic UNGRADE-UNGRADE 0 0
      La Salle Academy 4.0 mi Catholic PRESCHOOL-8 0 0
      Cornwall Terrace Elementary School 4.1 mi Public K-5 3 0
      Wilson Southern Middle School 4.1 mi Public 6-8 3 0
      Antietam Middle School/high School 4.3 mi Public 7-12 2 0
      Exeter Twp Senior High School 4.4 mi Public 9-12 3 0
      Exeter Twp Junior High School 4.6 mi Public 7-8 4 0
      Flying Hills Preschool 4.8 mi Private PRESCHOOL-PRESCHOOL 0 0
      Reiffton School 5.0 mi Public 5-6 0 0
      Green Valley Elementary School 5.1 mi Public K-5 4 0
      Wilson West Middle School 5.3 mi Public 6-8 4 0
      Jacksonwald Elementary School 5.5 mi Public K-4 2 0
      River Rock Academy - Sinking Spring Campus 5.9 mi Private 6-12 0 0
      Owatin Creek Elementary School 6.2 mi Public K-4 3 0
      Lorane El School 6.2 mi Public K-4 3 0
      Berks County Montessori Country Day School 6.4 mi Private PRESCHOOL-8 0 0
      Muhlenberg Elementary Center 106.4 mi Public K-3 1 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.
      Local Weather for Reading, PA
        Data powered by Attom Data Solutions. Copyright© 2020. Information 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.