Real Estate Market Update for Peabody, MA
Welcome to November's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of November. The number of active listings was down 25% from one year earlier, and down 34% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 370-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 19%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 290-thousand dollars. The number of units sold increased 27% year-over-year, and decreased 5% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Peabody, MA
Area Information for Peabody, MA
  • Population: 51,705
  • Median Age: 44.48 yr
  • Median Commute Time: 19.84 mins
  • Educational Climate*: 4
  • Sales Tax: 6.25%
  • Population Density: 3,189/sq mi
  • Population Change Since 2000: 7.42%
  • Closest Airport: General Edward Lawrence Logan International
  • Closest College: Salem State University
  • Closest Jr. College: North Shore Community College
  • Median Household Income: $65,886
  • Annual Residential Turnover: 9.94%
  • Median Years in Residence: 7.28 yr
  • Median Home Sales Price: $275,000
  • Closest Major Sports Team: Boston Bruins
  • Change Avg. Household Income Since 2000: 19%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Peabody, MA
Median Age: 44.48 Married: 39% Number of Households: 21,614 Households with Children: 6,056
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Peabody, MA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Center 0.4 mi Public K-5 2 3
      J Henry Higgins Middle School 0.8 mi Public 6-8 2-5 4
      South Memorial Elementary School 1.1 mi Public PRESCHOOL-5 2-5 5
      St John The Baptist School 1.2 mi Catholic PRESCHOOL-8 0 4
      William A Welch Elementary School 1.2 mi Public PRESCHOOL-5 1 4
      Peabody Veterans Memorial High School 1.5 mi Public 9-12 2-5 3
      Captain Samuel Brown 1.6 mi Public K-5 1 3
      Thomas Carroll 1.7 mi Public K-5 2-5 3
      Kindercare Learning Center 1.7 mi Private PRESCHOOL-K 0 0
      Bishop Fenwick High School 1.8 mi Catholic 9-12 0 3
      John E. Mccarthy 2.7 mi Public PRESCHOOL-5 3-5 3
      Covenant Christian Academy 2.7 mi Private PRESCHOOL-12 0 4
      West Memorial 3.4 mi Public PRESCHOOL-5 2-5 5
      John E Burke 4.5 mi Public K-5 3 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Peabody, MA
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.