$7,718 Closing Credit*
$649,900
1,390 SqFt
3 Beds
•2 Full Baths, 1 Partial
#73299222, Diane Lemenager, Listing Office: Berkshire Hathaway HomeServices Verani Realty Salem
Is Peabody, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
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.
Housing Prices in Peabody, MA
How much do homes in Peabody, MA cost?
Median Sold Price
$645,000
$381/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$59,750(+10.2%)
Key Takeaway
Homes in Peabody have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Peabody was $645,000 in September 2024, up 10.2% from last year, and the median price per square foot was $381.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $332K | $357.5K | +7.7% |
| 2 Bedrooms | $480K | $505K | +5.2% |
| 3 Bedrooms | $602K | $652K | +8.3% |
| 4 Bedrooms | $647K | $710K | +9.7% |
| 5+ Bedrooms | $730K | $847.5K | +16.1% |
Summary: Peabody housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 16.1%.
Housing Supply in Peabody, MA
How many homes are available in Peabody, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 103 | 95 | -7.8% |
Summary: The Peabody real estate market had 95 homes for sale in September 2024, a 7.8% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 21 | 17 | -19.0% |
| 3 Bedrooms | 38 | 46 | +21.1% |
| 4 Bedrooms | 29 | 22 | -24.1% |
| 5+ Bedrooms | 13 | 9 | -30.8% |
Summary: The Peabody housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 19%, 3 bedroom homes increased by 21.1%, 4 bedroom homes decreased by 24.1%, and 5+ bedroom homes decreased by 30.8%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 45 | 29 | -35.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Peabody, you could pay more than the asking price. 65.5% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Peabody in September 2024, down by 35.6% month-over-month. Of the 29 sold homes, 14% were sold under asking, 21% were sold at asking, and 66% were sold over asking.
Days on Market for Peabody, MA
How long does it take to sell a home in Peabody, MA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 18 Days | 20 Days | +13.7% |
Summary: Homes in Peabody had an average of 20 days on market in Sep 2024, up by 13.7% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
3 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.
Summary: During September 2024, 29 homes were sold in Peabody; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
