Is Quincy, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Quincy is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Quincy was a Neutral Market.

Key Takeaway

Quincy is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Quincy, IL

How much do homes in Quincy, IL cost?

Median Sold Price

$137,500

$97/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$1,550(+1.1%)

Key Takeaway

Homes in Quincy have sold for 1.1% more than they did a month ago.

Summary: The median home sold price in Quincy was $137,500 in March 2024, up 1.1% from last month, and the median price per square foot was $97.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 $67.5K-
N/A
2 $106.5K$125K
+17.4%
3 $175.7K$132.5K
-24.6%
4 $143.5K$198.7K
+38.5%
5+ $215K$509.4K
+136.9%

Summary: Quincy housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.4%, 3 bedroom homes decreased by 24.6%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 136.9%.

Median Sold Price Compared To Nearby Cities

Melrose Township
+107.8%
Quincy
+1.1%
Quincy Township
+1.1%
Riverside Township
-1.4%

Housing Supply in Quincy, IL

How many homes are available in Quincy, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
204227+11.3%

Summary: The Quincy real estate market had 227 homes for sale in March 2024, a 11.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 77
0.0%
2 5359
+11.3%
3 8192
+13.6%
4 5055
+10.0%
5+ 1314
+7.7%

Summary: The Quincy housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 7.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3461+79.4%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Quincy, you may be able to get a good deal. 62.3% of homes here sold below asking price last month.

Summary: A total of 61 homes were sold or pending in Quincy in March 2024, up by 79.4% month-over-month. Of the 61 sold homes, 62% were sold under asking, 23% were sold at asking, and 15% 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

Feb 2024Mar 2024CHANGE
61 Days54 Days-10.7%

Summary: Homes in Quincy had an average of 54 days on market in Mar 2024, down by 10.7% compared to last month.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Quincy are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 61 homes were sold in Quincy; 54% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

Newest Listings in Quincy, IL

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