Home Values

North Reading Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$447,200

  • 4.8% 1-year change
  • 0.8% 1-year forecast

The median home value in North Reading is $447,200. North Reading home values have gone up 4.8% over the past year and Zillow predicts they will rise 0.8% 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 $224. The median price of homes currently listed in North Reading is $434,999 while the median price of homes that sold is $439,450. The median rent price in North Reading is $900, which is lower than the Boston Metro median of $2,200.

Foreclosures will be a factor impacting home values in the next several years. In North Reading 2.9 homes are foreclosed (per 10,000). This is lower than the national value of 4.2

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 3.8%, which is lower than the national value of 6.4%. 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 9.6%.

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Relative ZHVI
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North Reading Market Overview

Data through Nov 30, 2014
  • $447,200 ZHVI
  • 0.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Nov 30, 2015)
  • $434,999 Median listing price
  • No recent data Median sale price
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North Reading Market Health

Data through Nov 30, 2014
  • 4.9/10 Stable
    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 (16.9% US Avg) (Sep 30, 2014)
  • 3.8% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

2.9 homes(Oct 31, 2014) North Reading
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Lynnfield $553,000
Town of Andover $549,900
Reading $487,100
Name Median ZHVI
Middleton $444,400
Wakefield $432,800
North Andover $427,000
Name Median ZHVI
Stoneham $413,500
Wilmington $395,400
Woburn $378,700

Listings & Sales

Data through Nov 30, 2014
  • $249 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
6.9%
Sold below listing
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North Reading Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $2,307 North Reading
    $2,137 Boston Metro
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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