New - 1 day on Rocket
$7,480 Closing Credit¹
#73336726, Angela Hirtle, Listing Office: Lyv Realty
Peabody Housing Market Report January 2025•Essex County, Massachusetts
Housing Prices in Peabody, MA
How much do homes in Peabody, MA cost?
Housing Market Conditions
Is Peabody, MA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Peabody is a Seller's Market
Difference Since January 2024
Since last year, Peabody has remained a Seller's Market.
Insight
Peabody is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$650,000$382/SqFt
+$50,000
+8.3%
Based on all homes sold in the last 12 months
Insight
Homes in Peabody have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Peabody was $650,000 in January 2025, up 8.3% from last year, and the median price per square foot was $382.
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $350K | $310.5K | -11.3% |
| 22 Bedrooms | $482.5K | $515K | +6.7% |
| 33 Bedrooms | $611.5K | $650K | +6.3% |
| 44 Bedrooms | $675K | $730K | +8.1% |
| 55+ Bedrooms | $760K | $862.5K | +13.5% |
Summary: Peabody housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -11.3%. The home price for 2 bedroom homes increased by +6.7%. The home price for 3 bedroom homes increased by +6.3%. The home price for 4 bedroom homes increased by +8.1%. The home price for 5 bedroom homes increased by +13.5%.
Housing supply in Peabody, MA
How many homes are available in Peabody, MA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 51Last MonthJan 2025 | ||
| 732 months agoDec 2024 | -30.1 % Change MoMDec – Jan |
Summary: The Peabody real estate market had 51 homes for sale in Jan 2025, a 30.1 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 23Last MonthJan 2025 | ||
| 322 months agoDec 2024 | -28.1 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 5 | 1 | -80.0% |
| 22 Bedrooms | 14 | 10 | -28.6% |
| 33 Bedrooms | 29 | 20 | -31.0% |
| 44 Bedrooms | 18 | 14 | -22.2% |
| 55+ Bedrooms | 7 | 6 | -14.3% |
Summary: Peabody housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -80.0%. The inventory for 2 bedroom homes decreased by -28.6%. The inventory for 3 bedroom homes decreased by -31.0%. The inventory for 4 bedroom homes decreased by -22.2%. The inventory for 5 bedroom homes decreased by -14.3%.
Asking Price vs. Sold Price
How much do homes in Peabody, MA cost?
Over Asking Price16 Homes
At Asking Price4 Homes
Under Asking Price3 Homes
Insight
If you're buying a home in Peabody, you could pay more than the asking price. 69.6% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Peabody in January 2025, down by 28.1% month-over-month. Of the 23 sold homes, 13% were sold under asking, 17% were sold at asking, and and 70% were sold over asking.
Days on Market for Peabody, MA
How long does it take to sell a home in Peabody, MA?
Breakdown of Home Sale Times
Under 30 Days15 Homes
30 – 90 Days6 Homes
Over 90 Days2 Homes
Insight
Many homes in Peabody are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 23 homes were sold in Peabody; 65% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 35 DaysThis YearJan 2025 | ||
| 28 Days1 year agoJan 2024 | +23.1 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Peabody had an average listing age of 35 days in Jan 2025, up by 23.1% compared to the previous year.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in Peabody, MA
What homes are available in Peabody, MA?
New - 1 day on Rocket
$10,000 Closing Credit¹
#73336856, James Joly, Listing Office: Boardwalk Real Estate
New - 2 days on Rocket
$6,174 Closing Credit¹
#73336535, Regina Paratore, Listing Office: RE/MAX 360
New - 2 days on Rocket
$8,311 Closing Credit¹
#73336367, Gingle-Lerman Realty Group, Listing Office: William Raveis R.E. & Home Services
New - 3 days on Rocket
$9,488 Closing Credit¹
#73336009, Hixon + Bevilacqua Home Group, Listing Office: Coldwell Banker Realty - Lynnfield
New - 7 days on RocketBackup offers
$9,380 Closing Credit¹
#73335280, Nikki Martin Team, Listing Office: Compass
$10,000 Closing Credit¹
#73334477, Rosa Valera, Listing Office: Valera Realty Services
$10,000 Closing Credit¹
#73333654, Geraldo Franca, Listing Office: Mega Realty Services
#73333332, Adam Zouinka, Listing Office: Keller Williams Realty Evolution
$8,905 Closing Credit¹
#73331230, Kristin Gennetti, Listing Office: Century 21 North East
$8,906 Closing Credit¹
#73330978, Stonehurst RE Group, Listing Office: Keller Williams Realty Evolution
$9,500 Closing Credit¹
#73329430, Brian Averback, Listing Office: Century 21 North East
Nearby markets
Popular Cities with Homes for Sale in Massachusetts
- Homes for sale in Boston, MA
- Homes for sale in Brockton, MA
- Homes for sale in Brookline, MA
- Homes for sale in Cambridge, MA
- Homes for sale in Chicopee, MA
- Homes for sale in Fall River, MA
- Homes for sale in Falmouth, MA
- Homes for sale in Fitchburg, MA
- Homes for sale in Framingham, MA
- Homes for sale in Haverhill, MA
- Homes for sale in Hingham, MA
- Homes for sale in Lowell, MA
- Homes for sale in Methuen, MA
- Homes for sale in New Bedford, MA
- Homes for sale in Newton, MA
- Homes for sale in Plymouth, MA
- Homes for sale in Quincy, MA
- Homes for sale in Shrewsbury, MA
- Homes for sale in Springfield, MA
- Homes for sale in Taunton, MA
- Homes for sale in Worcester, MA
MLS Disclaimers and Copyright
Based on information from MLS Property Information Network Inc., for the period 02/01/2023 - 02/01/2025
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 2:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.