Is Peabody, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2021
Since last year, Peabody has remained a Seller's Market.
Key Takeaway
Peabody is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Peabody, MA cost?
Median Sold Price
$570,000
$335/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2021
+$79,975(+16.3%)
Key Takeaway
Homes in Peabody have sold for 16.3% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2021 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | $210K | $280K | +33.3% |
| 2 Bedrooms | $366.2K | $410K | +11.9% |
| 3 Bedrooms | $503K | $585.5K | +16.4% |
| 4 Bedrooms | $578K | $652.5K | +12.9% |
| 5+ Bedrooms | $659.9K | $720K | +9.1% |
How many homes are available in Peabody, MA?
Number of Homes For Sale
| Apr 2022 | May 2022 | % |
|---|---|---|
| 116 | 124 | +6.9% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2022 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 39 | 34 | -12.8%  |
| 3 Bedrooms | 38 | 47 | +23.7% |
| 4 Bedrooms | 21 | 22 | +4.8% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
Number of Homes Sold
| Apr 2022 | May 2022 | % |
|---|---|---|
| 39 | 30 | -23.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Peabody, you could pay more than the asking price. 93.3% of homes here sold above asking price last month.
Average Sale Time
| May 2021 | May 2022 | % |
|---|---|---|
| 15 Days | 13 Days | -13.0% |
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Peabody are selling fast, if you're buying plan to act quickly.
