Peabody, MA Foreclosures
How much do homes sell for in Peabody, MA?
The average home price is currently $701,705.
In Peabody, MA, how many homes are available?
There are currently 45 active home listings available in Peabody.
What’s the average rental cost in Peabody, MA?
The average rental price in Peabody is $2,087.
What is the most expensive home in Peabody?
The most expensive home sold in Peabody had a price of $56,851,076.
What is currently the cheapest priced home in Peabody, MA?
The cheapest home for sale in Peabody is priced at $41,779.
Living in Peabody, MA
Peabody, MA, is a charming suburban city located just 20 miles north of Boston. It boasts a rich history, top-notch schools, and an array of parks and recreational facilities that cater to families and outdoor enthusiasts. With convenient access to public transport and major highways, residents enjoy an ideal blend of community living and metropolitan convenience.
Current Market Conditions in Peabody, MA
The real estate market in Peabody, MA, has shown steady growth, with increasing demand for homes due to its desirable location and vibrant community feel. The average home prices have risen steadily over the past year, driven by low inventory levels and high buyer interest, especially from young professionals and families looking to escape the high prices of nearby Boston.
Recent trends indicate that homes in Peabody are selling faster than the state average, reflecting a hot real estate market. The city competes well with neighboring areas, offering attractive properties that meet buyers' needs for space, amenities, and schools.
Market data shows that the demand for single-family homes is particularly high, with buyers seeking larger properties with yards for families, leading to multiple offer situations being common.
Home Value Estimator For Peabody, MA
There are currently 14,848 real estate properties
in Peabody, MA,
with a median automated valuation model (AVM) price
of $682,317.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Peabody, MA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Peabody, MA,
is $701,705.00, with the most expensive house
in Peabody, MA, topping out
at $56,851,076.00 and the cheapest home
in Peabody, MA,
clocking in at $41,779.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Peabody, MA!
Rent Prices
In Peabody, MA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Peabody, MA, is on
a rollercoaster ride. The
average rent price in Peabody, MA,
is $2,087.00. Indeed, when looking to rent in
Peabody, MA, you can expect to pay as little
as $1,110.00 or as much
as $3,920.00,
with the average rent median estimated to
be $2,130.00. The good news is that finding
an affordable and desirable property to rent in Peabody, MA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
