🔥Hot Peabody, MA Real Estate Market🔥
The Peabody, MA real estate market continues to show strength. Homes are selling quickly, often above asking, and demand remains steady. The market is active, competitive, and leaning in favor of sellers but prepared buyers can find excellent opportunities. Here are the numbers:
Homes Sold: 145
Average List Price: $707,391
Average Sale Price: $729,020
Average Days on Market (DOM): 28.6
Average Days to Offer (DTO): 18.7
What This Means For Home Sellers:
Strong demand favors sellers: Homes are still selling above list price, proving that buyers are willing to compete for the right property.
Quick market time: Homes receive offers in about 18 days, you can expect serious interest soon after listing especially if your home is priced correctly.
Pricing strategy is key: While demand is strong, buyers remain savvy. Correct pricing and professional marketing will attract more buyer interest and stronger offers. Pricing competitively from the start can generate multiple offers and push your final sale price higher.
👉 Tip for Sellers: Staging, high-quality photos, and the right pricing strategy can help maximize your return in this competitive market.
Recent sales have affected the home values in your neighborhood.
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What This Means for Buyers
Competition is strong: With homes going under agreement in under 3 weeks on average, buyers need to be prepared to act quickly.
Above-asking sales are common: The average sale price is higher than the average list price, showing that multiple-offer situations remain frequent.
Affordability pressure: Prices per square foot ($417) remain high, which means buyers should have financing and pre-approvals ready before starting their search.
👉🏼 Tip for buyers: Partner with a trusted buyer’s agent to move quickly and make competitive offers when the right home comes along.
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