Real Estate Market Update for Reading, PA
Welcome to October's Market Update. Lets take a look at residential real-estate activity in your area during the month of September. The number of active listings was down 23% from one year earlier, and down 4% 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 14%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 140-thousand dollars. The number of units sold increased 5% year-over-year, and decreased 12% 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: 88,872
  • Median Age: 31.44 yr
  • Median Commute Time: 21 mins
  • Educational Climate*: 2
  • Sales Tax: 6%
  • Population Density: 9,004/sq mi
  • Population Change Since 2000: 9.5%
  • Closest Airport: Lehigh Valley International
  • Closest College: Albright College
  • Closest Jr. College: Pace Institute
  • Median Household Income: $27,523
  • Annual Residential Turnover: 21%
  • Median Home Sales Price: $55,000
  • Closest Major Sports Team: Reading Fightin Phils (aa)
  • Change Avg. Household Income Since 2000: 8.53%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Reading, PA
Median Age: 31.44 Married: 24% Number of Households: 30,324 Households with Children: 11,045
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
      Bethany Daycare 0.5 mi Private - 0 0
      Northwest Middle School 0.5 mi Public 6-7 1 0
      New Story 0.6 mi Private K-12 0 0
      Lauers Park Elementary School 0.6 mi Public PRESCHOOL-5 0 0
      Childrens Home Of Reading 0.7 mi Private - 0 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-5 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
      I-lead Charter School 1.0 mi Public 9-12 0 0
      Southwest Middle School 1.1 mi Public 6-7 1 0
      St. Peter School 1.2 mi Catholic K-8 0 0
      Yocum Institute For 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 0 0
      Southern Middle School 1.5 mi Public 6-7 1 1
      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-K 0 0
      Twelfth & Marion Elementary School 1.6 mi Public K-5 0 0
      Thirteenth & Green Elementary School 1.6 mi Public PRESCHOOL-5 1 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 1 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 3 0
      Reading Sda Jr Academy 2.0 mi Private PRESCHOOL-10 0 0
      Lakin Preschool 2.1 mi Private PRESCHOOL-PRESCHOOL 0 0
      Lakin Early Education Center 2.1 mi Private - 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 0 0
      Spring Ridge Elementary School 2.3 mi Public K-5 4 0
      The Goddard School - Wyomissing 2.4 mi Private PRESCHOOL-PRESCHOOL 0 0
      Huntington Learning Center - Reading 2.5 mi Private - 0 0
      Hildebrandt Learning Center 2.5 mi Private K-K 0 0
      Reading Muhlenberg Ctc 2.8 mi Public 10-12 0 0
      Tiny Treasures Nursery School 2.8 mi Private - 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 Middle School 3.0 mi Public 7-8 4 0
      Governor Mifflin Senior High School 3.0 mi Public 9-12 3 3
      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 4
      Mifflin Park El School 3.1 mi Public K-4 3 4
      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
      Muhlenberg High School 3.5 mi Public 10-12 2 4
      John Paul Ii Center For Special Learning 3.6 mi Catholic UNGRADE-UNGRADE 0 0
      La Salle Academy 3.8 mi Catholic PRESCHOOL-8 0 0
      Wilson Southern Middle School 4.1 mi Public 6-8 5 4
      Cornwall Terrace Elementary School 4.1 mi Public K-5 3 0
      Antietam Middle School/high School 4.2 mi Public 7-12 2 3
      Exeter Twp Senior High School 4.2 mi Public 9-12 3 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
      Reiffton School 4.8 mi Public 5-6 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
      Wilson West Middle School 5.4 mi Public 6-8 4 4
      Shiloh Hills Elementary School 5.9 mi Public K-5 5 0
      Lorane El School 6.0 mi Public K-4 3 0
      River Rock Academy - Sinking Spring Campus 6.0 mi Private - 0 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
      Muhlenberg Elementary Center 106.6 mi Public K-4 2 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 © 2016. 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 ©2016 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.