$7,480 Closing Credit*
$629,900
1,482 SqFt
3 Beds
•2 Full Baths
#73320115, Cammy Bille, Listing Office: J. Barrett & Company
Is Peabody, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$650,000
$382/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$63,375(+10.8%)
Key Takeaway
Homes in Peabody have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Peabody was $650,000 in November 2024, up 10.8% from last year, and the median price per square foot was $382.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $362K | $296K | -18.2% |
| 2 Bedrooms | $475K | $519.9K | +9.5% |
| 3 Bedrooms | $601.1K | $651K | +8.3% |
| 4 Bedrooms | $670K | $730K | +9.0% |
| 5+ Bedrooms | $749.5K | $830K | +10.7% |
Summary: Peabody housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.2%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 10.7%.
Housing Supply in Peabody, MA
How many homes are available in Peabody, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 102 | 80 | -21.6% |
Summary: The Peabody real estate market had 80 homes for sale in November 2024, a 21.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 17 | 11 | -35.3% |
| 3 Bedrooms | 49 | 34 | -30.6% |
| 4 Bedrooms | 25 | 23 | -8.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Peabody housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 35.3%, 3 bedroom homes decreased by 30.6%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 32 | +3.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Peabody, you could pay more than the asking price. 65.6% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Peabody in November 2024, up by 3.2% month-over-month. Of the 32 sold homes, 28% were sold under asking, 6% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 25 Days | +8.6% |
Summary: Homes in Peabody had an average of 25 days on market in Nov 2024, up by 8.6% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
9 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 November 2024, 32 homes were sold in Peabody; 72% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
