Is Reading, PA 19602 a buyer’s or seller’s market?

The Reading housing market right now

In the three months ending August 31, 2026, 26% of homes in Reading, PA 19602 sold above their list price, the typical home went under contract in 20 days and there were 4.1 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 39 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 47%, homes sold more slowly (14 days then) and the median sale price rose 11% to $174,924. Overall, Reading is less competitive than a year ago, which gives buyers more room.

Within Berks County, homes here sell more slowly than in 86% of the county’s ZIP codes, and sell less often over asking than in 95%. On our competition score, Reading ranks #437 of 601 PA ZIP codes with enough sales (score 50 out of 100).

Nearby, buyers who want less competition could look at Maxatawny 19538 (0% sold over asking) or Bally 19503 (20% sold over asking), while Hereford 18056 (100% sold over asking) and Centerport 19516 (100% sold over asking) are even more competitive.