REMAX Renaissance

North Reading, MA 01864

Single-Family Homes

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North Reading, MA 01864

Sat Apr 27 2024
This week the median list price for North Reading, MA 01864 is $999,999 with the market action index hovering around 60. This is an increase over last month's market action index of 57. Inventory has increased to 9. Click here to stay informed with the North Reading market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

North Reading, MA 01864

Sat Apr 27 2024
This week the median list price for North Reading, MA 01864 is $999,999 with the market action index hovering around 60. This is an increase over last month's market action index of 57. Inventory has increased to 9. Click here to stay informed with the North Reading market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the North Reading market.
Median List Price $999,999
Median Price of New Listings $852,000
Per Square Foot $398
Average Days on Market 26
Median Days on Market 21
Price Decreased 11%
Price Increased 0%
Relisted 0%
Inventory 9
Median Rent
Market Action 60
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,872,499 4,242 1 - 2.5 acres 4 3.3 19 0 1 17
$1,124,000 3,271 1 - 2.5 acres 4 3.3 57 0 1 28
$959,499 3,017 2.5 - 5 acres 4 2.8 58 1 0 17
$779,900 1,915 0.5 - 1 acre 3 2.5 92 1 3 21