New Downward Trend in Home Prices for Peabody Real Estate Market

Despite remaining above the 42.4 monthly sales average, the Peabody market slowed with 51 homes sold in the last 30 days. Within the same time frame, Lynn had 83 sales, the most of all cities in the area. The median sales price dropped to $370,000, extending a four-week long spiral. There is only one month of inventory available in Peabody, so it's still a definite seller's market, despite the falling prices.

Trying to find an affordable a home? Take a look at these low-priced listings in Peabody:

$139K   $193K   $199K  

Get started right now by checking out Peabody homes for sale or reviewing Peabody real estate trends.

Demographic facts about Peabody:

  • The affordability rating is 39. (Scale: 1 = Worst, 100 = Best)
  • The area gets an average of 47.7 inches of rain each year. (U.S. average: 36.5)
  • This area has an income per capita of $33,398.
  • The school rating is 65. (Scale: 1 = Worst, 100 = Best)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Laer Realty Partners
Cameron Real Estate Group
Snapped 13 homes in this area
Maclare Real Estate
Snapped 3 homes in this area

Agents that specialize in this area
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