Multi-family Foreclosures in Peabody, MA

Current Market Conditions in Peabody, MA

The real estate market in Peabody is currently experiencing a steady demand for homes, driven by its desirable location and community amenities. With a growing population, housing prices have seen a slight increase, reflecting the area's appeal to potential buyers and investors alike.

Currently, it's a seller's market as inventory remains low compared to the number of interested buyers. This trend is pushing home prices upward, making it a prime time for homeowners looking to sell.

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.