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Our Peabody, MA real estate website provides a wealth of information for home buyers and home sellers. Below, you will find information on the history and culture of Peabody as well as links to more detailed information such as demographics and schools. You may view a virtual tour, search homes for sale, and access information on different types of properties such as condos, farms, foreclosures, and vacation homes. This website will give you everything you need to buy or sell a home in Peabody, MA.
Virtual Homes is a full-service residential real estate company dedicated to providing a wealth of real estate and local community information to home buyers and home sellers. Our agents are ready to assist you with all of your real estate needs.
Peabody MA Community Profile & History
Peabody, Massachusetts has evolved into a diverse, vibrant community, a wonderful place to live and raise a family, and a tremendous economic success story. Throughout its history, Peabody has been a regional employment center for the North Shore. From its rise as one of the world's great leather-producers with over 100 tanneries, to today's modern, highly successful Centennial Industrial Park, newly renovated North Shore Mall and rejuvenated downtown, the city continues to be a focal point for the North Shore economy.
Settled as a part of Salem in 1626, the community was set off and incorporated as part of Danvers in 1752. In 1855, the community was renamed "South Danvers" and again split from its neighboring community, and finally, in 1868, the town was incorporated under its present name. The town enjoyed abundant sources of water power and supported an expansive mill economy well into the 20th century. While most of the early mills have since closed, the city has emerged in recent decades as a major residential suburb and commerce center for the region. The Northshore Mall is among the largest retail establishments in the North Shore region, while Centennial Park, an industrial park near the downtown area, has attracted several leading medical and high-tech firms.
The city's illustrious past is commemorated by a number of antique homes, historic sites and museums. The 275-acre Brooksby Farm features extensive walking trails, the historic Nathanial Felton Sr. and Nanial Felton Jr. homes, the Woodland Gardens, and abundant orchards where visitors can pick apples, strawberries, and raspberries. The George Peabody House Museum and the neighboring leather museum feature educational programs, extensive artifacts and rotating exhibits on the city's industrial history. Other popular attractions include a municipal skating rink and an 18-hole public golf course. The city is known for strong civic participation and community pride. One example is the "Pride in Peabody" program in which all segments of the community come together to enhance, restore and maintain the beauty of the city. Citizens also participate in and support the many community activities available such as the International Festival, the Brooksby Harvest Festival, the Holiday Festival and the Community Concerts series. An abundance of community spirit makes this an exciting and welcoming place to live. Residents are confident that the rejuvenated leather city sparkles more brightly than ever.Peabody Massachusetts Community Information
Peabody Community Demographics and Local Resources
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Peabody Schools
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Peabody MA Real Estate Information
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Different financing alternatives are available depending on whether you are purchasing a single family, condo, multi-family, or investment property. Understanding the pros and cons of each may help you decide which option is the best for you. Speak to our buyer agent professionals and mortgage partners to understand and evaluate your options.
Peabody, MA Real Estate Market Statistics
The following information was extracted from the state-wide MLS system and its accuracy is not guranteed.
Peabody Single Family Home Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 104 270 $363537 $135000 $350000 $720000 |
2007 105 281 $384765 $130000 $368000 $675000 |
2008 113 256 $330053 $153000 $319500 $640000 |
2009 90 278 $303557 $64000 $299000 $710000 |
2010 70 212 $310161 $85000 $296500 $685000 |
Average Selling Price of Single Family Homes in Peabody
| 2006 |  $363537 | |
| 2007 | $384765 | |
| 2008 | $330053 | |
| 2009 | $303557 | |
| 2010 | $310161 |
Peabody Condominum Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 152 169 $282872 $130000 $271000 $501500 |
2007 203 111 $268803 $84000 $263000 $482400 |
2008 178 79 $233259 $79900 $225000 $439900 |
2009 164 122 $211928 $55000 $220000 $465341 |
2010 162 99 $226373 $66100 $222000 $406407 |
Average Selling Price of Condominiums in Peabody
| 2006 | $282872 | |
| 2007 | $268803 | |
| 2008 | $233259 | |
| 2009 | $211928 | |
| 2010 | $226373 |