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
Last month, Quincy was a Neutral Market.
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
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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $67.5K | - | N/A |
2 Bedrooms | $106.5K | $125K | +17.4% |
3 Bedrooms | $175.7K | $132.5K | -24.6% |
4 Bedrooms | $143.5K | $198.7K | +38.5% |
5+ Bedrooms | $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 | $205K | $426K | +107.8% |
Quincy | $135.9K | $137.5K | +1.1% |
Quincy Township | $135.9K | $137.5K | +1.1% |
Riverside Township | $335K | $330.3K | -1.4% |
Housing Supply in Quincy, IL
How many homes are available in Quincy, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
204 | 227 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 53 | 59 | +11.3% |
3 Bedrooms | 81 | 92 | +13.6% |
4 Bedrooms | 50 | 55 | +10.0% |
5+ Bedrooms | 13 | 14 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 61 | +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
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 2024 | Mar 2024 | CHANGE |
---|---|---|
61 Days | 54 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
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.