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Featured local agent — Peabody, MA
Sarah Mitchell
Compass Real Estate · Peabody, MA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Peabody, MA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$673,000median sale price
How is the Peabody, MA housing market right now?
The median home sale price in Peabody, MA is $673,000, down 8.1% year-over-year. Homes sell in an average of 21 days with 47 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Peabody a buyer's or seller's market?
Peabody, MA is currently a strong seller's market, based on 1.5 months of supply and homes selling in about 21 days. How we determine this →
Homes sold
32
Last 12 weeks
Days on market
21
Average pace
Active listings
47
1.5 months supply
Sale-to-list
102.9%
Above asking
What does the Peabody housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $673,000 |
| Median list price | $679,000 |
| Year-over-year price change | -8.1% |
| Average days on market | 21 days |
| Active inventory | 47 listings |
| Months of supply | 1.5 months |
| Sale-to-list price ratio | 102.9% |
| Median price per sq ft | $421/sq ft |
| Homes sold (latest month) | 32 |
| New listings (latest month) | 45 |
| Listings with a price cut | 23.4% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Peabody by property type?
How the Peabody, MA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $710,000 | $426/sq ft | 23 | 21 days |
| Condo / Co-op | $450,000 | $315/sq ft | 3 | 18 days |
| Townhouse | $530,000 | $412/sq ft | 3 | 43 days |
Source: Redfin · Updated monthly
The Peabody housing market is currently classified as a strong seller's market with a median sale price of $673,000. Prices have fallen 8.1% compared to last year, with homes spending an average of 21 days on market, indicating 1.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.5x provides context for how home values compare to local earning capacity.
Homes for sale in Peabody
There are currently 47 homes listed for sale in Peabody, Massachusetts. The median listing price is $679K.
Active listings
47
Homes on market
Median list price
$679K
Avg. days on market
21
Days until sale
New this week
45
Newly listed
Who lives in Peabody?
Population
54,180
Median income
$95,278/yr
Median age
46.6 years
Owner-occupied
65.6%
College grads
33.9%
Avg commute
27.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Peabody?
Zillow home value
$710,734
Zillow rent index
$2,812/mo
Price-to-rent ratio
21.1x
Price-to-income
7.5x
Source: Zillow Research
What is it like to live in Peabody?
Peabody is a community of approximately 54K residents with a median age of 46.6 years.The median household income is $95,278, which reflects a relatively affluent area with strong earning potential. 33.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 65.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Peabody offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Peabody?
11 schools tracked · 5,832 students
The largest public schools serving Peabody, MA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Peabody Veterans Memorial High
Grades 9-12 · 1,420 students
J Henry Higgins Middle
Grades 6-8 · 1,283 students
Thomas Carroll
Grades PK-5 · 579 students
South Memorial
Grades PK-5 · 474 students
John E. McCarthy
Grades PK-5 · 384 students
Captain Samuel Brown
Grades K-5 · 376 students
Center
Grades K-5 · 349 students
William A Welch Sr
Grades K-4 · 297 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Peabody, MA?
Want a head-to-head view? Compare Peabody side-by-side with any other U.S. city using our market-comparison tool.
Is Peabody a good real estate investment market?
For investors evaluating Peabody, the price-to-rent ratio of 21.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 8.1% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Peabody's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Peabody's median home price.
Frequently asked questions
What is the average home price in Peabody?
The median home sale price in Peabody is $673,000, down 8.1% from last year.
How long do homes stay on market in Peabody?
Homes typically spend 21 days on market before going under contract.
What is the median income in Peabody?
The median household income is $95,278 per year.
Is Peabody a buyer's or seller's market?
With 1.5 months of supply, Peabody is currently a strong seller's market.
What is the Zillow home value estimate for Peabody?
The Zillow Home Value Index (ZHVI) for Peabody is $710,734, representing the typical home value in the area.
What is the median condo price in Peabody?
The median condo/co-op sale price in Peabody, MA is $450,000, compared to $710,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Peabody?
The median single-family home price in Peabody, MA is $710,000 (about $426 per square foot).
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