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Peabody is located in the northeastern part of the state of Massachusetts and a city in Essex County and is in the northeast part of Boston. The area was originally a part of Salem and became a part of Danvers in 1752, and was then incorporated separately in 1855 as the town of South Danvers. The name was changed to honor George Peabody, who was a philanthropist and a native to the city. The city's economy has been centered in glassmaking and has been a long time economic mainstay that began as early as 1638. The tanneries were then established before the American Revolution started. However, the leather industry declined during the latter part of the 20th century.

Home Prices

AVERAGE
526,343 +10%
MEDIAN
511,500 +9%

Relative Price (per sqft.)

PRICE
297 +4%

Listings

ACTIVE
33 -23%
NEW
68 +21%

Market Duration

DAYS
8 -56%
Population 52,044 (7.50%)
House Size (sqft.) 1,664 (0.12%)