Why Live in South Peabody
South Peabody, located just outside Downtown Peabody and Salem, offers a suburban lifestyle with easy access to Interstate 95 and Route 1, about 20 miles from Boston. The neighborhood features ample outdoor spaces, including the 7-acre Lakeshore Park along Brown’s Pond, Raddin Park with tennis courts and athletic fields, and MacArthur Park known for its playground and walking trails. The Spring Pond Nature Trail provides scenic walks, while the nearby Lynn Woods Reservation offers extensive conservation areas. South Peabody also boasts an 18-hole public golf course at The Meadow at Peabody. Local amenities include the Lynn Street Mini Mart and Tillie’s Farm Stand, with larger grocery stores like Stop & Shop, Walmart, Shaw’s, and Market Basket located within 4 miles. Northshore Mall, about 3 miles away, offers major retail stores such as Macy’s and Nordstrom. Dining options in the neighborhood include Just in Time Café, Capone’s Restaurant and Lounge, The Wardhurst Restaurant & Bar, and Eva’s Pastries. The Torigian Family YMCA and Peabody Institute Library South Branch provide community programs and activities. The neighborhood hosts the annual International Festival each September, celebrating local businesses and cultures. Children attend Peabody Public Schools, with South Memorial Elementary, J. Henry Higgins Middle, and Peabody Veterans Memorial High serving the area. Bishop Fenwick High, a nearby private school, is highly rated. Homes in South Peabody, built between the late 19th and mid-20th centuries, include Cape Cods, ranch styles, and colonials, often with vinyl siding and larger lots. The area is not highly walkable, with most errands requiring a car, but public transportation options are available nearby.
Home Trends in South Peabody, MA
On average, homes in South Peabody, Peabody sell after 34 days on the market compared to the national average of 70 days. The median sale price for homes in South Peabody, Peabody over the last 12 months is $390,000, down 9% from the median home sale price over the previous 12 months.
Median Sale Price
$390,000
Median Single Family Sale Price
$438,000
Median Townhouse Sale Price
$695,000
Median 2 Bedroom Sale Price
$390,000
Median 1 Bedroom Sale Price
$399,999
Average Price Per Sq Ft
$276
Number of Homes for Sale
10
Last 12 months Home Sales
52
Median List Price
$475,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-9%