North Reading Home Prices & Values

$442,400 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 5.7% 1-year change
  • -0.1% 1-year forecast

The median home value in North Reading is $442,400. North Reading home values have gone up 5.7% over the past year and Zillow predicts they will fall -0.1% within the next year. The median list price per square foot in North Reading is $249, which is higher than the Boston Metro average of $227. The median price of homes currently listed in North Reading is $450,000 while the median price of homes that sold is $414,765. The median rent price in North Reading is $900, which is lower than the Boston Metro median of $2,300.

Foreclosures will be a factor impacting home values in the next several years. In North Reading 1.1 homes are foreclosed (per 10,000). This is lower than the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in North Reading is 3.0%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of North Reading homeowners underwater on their mortgage is 4.9%, which is lower than Boston Metro at 10.6%.

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Relative ZHVI
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North Reading Market Overview

Data through Jul 31, 2014
  • $442,400 ZHVI
  • -0.1% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $450,000 Median listing price
  • $414,765 Median sale price
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North Reading Market Health

Data through Jul 31, 2014
  • 6.9/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 4.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.1 homes North Reading
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Lynnfield $542,200 Town of Andover $541,500 Reading $465,000
Middleton $444,800 North Andover $424,500 Wakefield $421,200
Stoneham $400,400 Wilmington $391,300 Woburn $368,500

Listings & Sales

Data through Jul 31, 2014
  • $249 Median list price / sq ft
  • $276 Median sale price / sq ft
  • 41.0% Listings with price cut
16.2%
Sold below listing
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North Reading Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$2,258 North Reading
$2,091 Boston Metro
$1,318 United States
  • 4.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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