Is Quincy, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Quincy has remained a Seller's Market.
Housing Prices in Quincy, IL
How much do homes in Quincy, IL cost?
Median Sold Price
$150,000
$99/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Quincy was $150,000 in April 2024, up 9.1% from last month, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $94.2K | N/A |
2 Bedrooms | $125K | $65K | -48.0% |
3 Bedrooms | $132.5K | $180K | +35.8% |
4 Bedrooms | $198.7K | $215K | +8.2% |
5+ Bedrooms | $509.4K | $255K | -49.9% |
Summary: Quincy housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 48%, 3 bedroom homes increased by 35.8%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 49.9%.
Median Sold Price Compared To Nearby Cities
Quincy | $137.5K | $150K | +9.1% |
Quincy Township | $137.5K | $150K | +9.1% |
Melrose Township | $426K | $256.7K | -39.7% |
Housing Supply in Quincy, IL
How many homes are available in Quincy, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
180 | 173 | -3.9% |
Summary: The Quincy real estate market had 173 homes for sale in April 2024, a 3.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 51 | 40 | -21.6% |
3 Bedrooms | 71 | 78 | +9.9% |
4 Bedrooms | 41 | 36 | -12.2% |
5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Quincy housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 21.6%, 3 bedroom homes increased by 9.9%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
61 | 43 | -29.5% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in Quincy in April 2024, down by 29.5% month-over-month. Of the 43 sold homes, 51% were sold under asking, 21% were sold at asking, and 28% were sold over asking.
Days on Market for Quincy, IL
How long does it take to sell a home in Quincy, IL?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 37 Days | -31.2% |
Summary: Homes in Quincy had an average of 37 days on market in Apr 2024, down by 31.2% compared to last month.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 43 homes were sold in Quincy; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.