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Our North Reading, MA real estate website provides a wealth of information for home buyers and home sellers. Below, you will find information on the history and culture of North Reading as well as links to more detailed information such as demographics and schools. You may view a virtual tour, search homes for sale, and access information on different types of properties such as condos, farms, foreclosures, and vacation homes. This website will give you everything you need to buy or sell a home in North Reading, MA.
Virtual Homes is a full-service residential real estate company dedicated to providing a wealth of real estate and local community information to home buyers and home sellers. Our agents are ready to assist you with all of your real estate needs.
North Reading MA Community Profile & History
North Reading, Massachusetts is a suburban town that lies entirely within the watershed of the Ipswich River. Situated 15 miles north of Boston and just minutes from the historic fishing villages and rocky beaches of the North Shore region, the community offers a bounty of historic scenery, excellent schools, a healthy local business climate and matchless opportunities for outdoor recreation and leisure. Settled as a small farming village in 1651, it has since become one of the most desirable residential communities in eastern Massachusetts.
In the 17th and 18th century, North Reading's economy was based on subsistence farming with limited hops production. There was a sawmill on Lob's Pond by 1694 and grist and saw mills at the village center by 1794. Boot and shoe making industries sprang up in the early 19th century; by 1850 almost every house in town had a small shed or shop to make shoes attached to it. The cheap footwear these houses produced was sold to clothe slaves in the south and the Civil War destroyed the town's industry.
The people of North Reading take pride in the fact that their town center is preserved in its full historic splendor, including a Federal-style meeting house and an affluent Federal village with a well-preserved district of period houses.
North Reading Massachusetts Community Information
North Reading Community Demographics and Local Resources
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Different financing alternatives are available depending on whether you are purchasing a single family, condo, multi-family, or investment property. Understanding the pros and cons of each may help you decide which option is the best for you. Speak to our buyer agent professionals and mortgage partners to understand and evaluate your options.
North Reading, MA Real Estate Market Statistics
The following information was extracted from the state-wide MLS system and its accuracy is not guranteed.
North Reading Single Family Home Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 117 142 $545861 $200000 $446250 $1298500 |
2007 137 152 $473332 $175000 $400300 $1403122 |
2008 125 98 $497148 $200000 $441250 $1240000 |
2009 112 124 $426765 $9900 $374250 $1230000 |
2010 110 97 $492619 $100000 $425000 $1330000 |
Average Selling Price of Single Family Homes in North Reading
| 2006 |  $545861 | |
| 2007 | $473332 | |
| 2008 | $497148 | |
| 2009 | $426765 | |
| 2010 | $492619 |
North Reading Condominum Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 79 49 $268910 $77500 $209000 $550000 |
2007 108 61 $317984 $76238 $359900 $580000 |
2008 131 54 $317450 $1950 $340000 $564852 |
2009 123 45 $277904 $69900 $239900 $540000 |
2010 133 33 $286583 $98000 $243500 $546500 |
Average Selling Price of Condominiums in North Reading
| 2006 | $268910 | |
| 2007 | $317984 | |
| 2008 | $317450 | |
| 2009 | $277904 | |
| 2010 | $286583 |