We need a better term for this situation. “Reach” implies that one is short of the criteria typically needed for admission.
“ A reach school is a college that you have a chance of getting into, but your test scores, class rank and/or high school grades are a bit on the low side when you look at the school’s profile.”
A match school usually means one where your scores/grades/etc. are within the range of those typically admitted.
Top schools probably receive a large number of students in this “match” category, but accept the applications from a small number of them. I don’t think this means that students not accepted were “reaching” beyond their grasp.
No one would define a student’s “safety” school as one with a high acceptance rate, even though the student’s metrics were well below the typical admitted student range.
OP, you are in this situation. Your application will get beyond the initial screen that eliminates students who applied based on hope. It has a good chance of getting to that “list of students who would be good fits and would do well”. But being in that group, your admission probability probably rises from 5.4% to maybe 15-20%.
Schools like Harvard, MIT, etc., could probably fill their Freshman class 4x with students who will be just as successful as those chosen. The admissions committee’s goals in constructing a diverse class of students with varying interests and backgrounds makes any prediction nothing more than a guess.