Sherwood & Company · North Shore

Peabody.

North Shore · Massachusetts

Overview

Welcome to
Peabody.

Peabody is one of the North Shore's largest communities — roughly 56,000 residents — and one of its best values. Buyers priced out of Salem, Marblehead, or Lynnfield keep landing here for a simple reason: you get a real city with real services (Peabody runs its own electric utility, and rates show it) plus established neighborhoods that still trade below much of the surrounding market. Downtown Peabody Square has quietly become a dining destination, while West Peabody offers the classic suburban cul-de-sac lifestyle families are usually shopping for.

The commute is a genuine strength. The Route 128/I-95 interchange sits inside city limits, with Route 1 and Route 114 close at hand, so drivers can point toward Boston, the coast, or the tech corridors along 128 without backtracking. Peabody has no commuter rail stop of its own — MBTA buses run through Peabody Square, including weekday express service into downtown Boston, and the Newburyport/Rockport Line is a short hop away at Salem station, about a half-hour ride to North Station.

Housing stock is wonderfully varied for one zip code: postwar ranches, split-levels, and colonials across West Peabody; capes, two-families, and vintage homes near the Square; and a healthy supply of condos and 55+ communities that keep downsizers in town. Between showings, locals point visitors to Brooksby Farm's orchards and farm store, the Northshore Mall, and Salem Country Club — a private course with a serious USGA championship pedigree.

1626
Year settled
54,481
Residents · 2020 Census
16.8 sq mi
Of neighborhoods, coast & green space
$9.47
FY2026 tax rate per $1,000 assessed

Peabody, MA 01960 · Sherwood & Company at Compass

Points of Interest

What locals
love here.

Brooksby Farm — a city-owned working orchard with pick-your-own apples, a farm store, and the Smith Barn event venue
Northshore Mall — one of New England's largest shopping centers, at the 128/114 interchange
Salem Country Club — private golf course that has hosted multiple USGA championships
The Meadow at Peabody — the city's own 18-hole public golf course in West Peabody
Independence Greenway — a rail-trail bike path threading past conservation land on the city's west side
Peabody Institute Library — the handsome main library endowed by George Peabody himself, with branches in West and South Peabody
George Peabody House — the philanthropist's birthplace, preserved downtown
Peabody International Festival — the long-running September street festival celebrating the city's immigrant heritage
Peabody Square — downtown's growing lineup of restaurants, cafes, and the Black Box theater
Peabody, Massachusetts
Peabody

Market Snapshot

The Peabody market,
read in seconds.

Live · MLS via Lofty · 74 active now As of August 6, 2026

Figures cover Lofty (MLS-sourced) · Peabody, MA · Single Family Homes, refreshed automatically from MLS data.

Median Sale Price
$718,832.5
+6.5% year over year
Price / Sq Ft
$400
-2.7% year over year
Median Days on Market
50.5 days
+0.5 days year over year
Homes Sold · 12 mo
240
+16.5% year over year

See the full live market snapshot ↗

About these numbers

Figures cover single-family homes in Peabody, MA, sourced from MLS data via the Lofty API. Median sale price, price per square foot, and homes sold reflect the trailing 12 months; year-over-year compares that window to the 12 months before it. Median days on market is computed from each sale's list-to-close date, not Lofty's raw "days on site" field, which tracks total listing lifetime rather than time to sale. Ask us for a current, address-specific valuation.

Schools

Learning in
Peabody.

Peabody Public Schools serves the city with eight neighborhood elementary schools (Brown, Burke, Carroll, Center, McCarthy, South, Welch, and West), the J. Henry Higgins Middle School, and Peabody Veterans Memorial High School — home of the Tanners, a nickname straight out of the city's leather-industry roots. Peabody students can also apply to Essex North Shore Agricultural & Technical School in neighboring Danvers. On the private side, Bishop Fenwick High School (Catholic, serving the whole North Shore) sits on the city's east side, Covenant Christian Academy in West Peabody runs PreK–12, and St. John the Baptist School downtown covers PreK–8.

A Short History

Settled in 1626 as farmland on the edge of Salem, the community broke away from Danvers in 1855 as the town of South Danvers, then renamed itself in 1868 to honor native son George Peabody, the merchant-banker often called the father of modern philanthropy. By the time it became a city in 1916, Peabody was one of the world's great leather-making centers, its tanneries drawing immigrants from dozens of countries — a legacy that survives in the "Tanner City" nickname, the high school's teams, and the city's proudly multicultural character.

Location

Getting here,
getting around.

Peabody occupies a wedge of Essex County about 16 miles north of downtown Boston, with its city center just two miles from downtown Salem. The denser, older neighborhoods cluster in the southeast around Peabody Square, while West Peabody spreads out toward the Ipswich River watershed. Around the edges, Danvers runs along the northern line with Middleton tucked into the northwest corner, Lynnfield wraps the southwestern edge, Lynn sits just below the city, and Salem completes the eastern boundary.

GIS Map ↗Town Website ↗Public Schools ↗

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Peabody.

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Sherwood & Company · Team @ Compass · Sherwood & Company at Compass

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