Is Quincy, MA 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 February 2023

Since last year, Quincy has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Quincy, MA

How much do homes in Quincy, MA cost?

Median Sold Price

$639,413

$437/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$23,413(+3.8%)

Key Takeaway

Homes in Quincy have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Quincy was $639,413 in February 2024, up 3.8% from last year, and the median price per square foot was $437.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $314K$326.5K
+4.0%
2 $499.5K$530K
+6.1%
3 $648K$700K
+8.0%
4 $761K$750K
-1.4%
5+ $879K$900K
+2.4%

Summary: Quincy housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 2.4%.

Median Sold Price Compared To Nearby Cities

Braintree Town
+6.7%
Braintree
+6.3%
Quincy
+3.8%
Randolph
+1.4%
Milton
-0.8%

Housing Supply in Quincy, MA

How many homes are available in Quincy, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
132149+12.9%

Summary: The Quincy real estate market had 149 homes for sale in February 2024, a 12.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 1013
+30.0%
2 4861
+27.1%
3 3836
-5.3%
4 2630
+15.4%
5+ 109
-10.0%

Summary: The Quincy housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 27.1%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3529-17.1%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Quincy, you could pay more than the asking price. 48.3% of homes here sold above asking price last month.

Summary: A total of 29 homes were sold or pending in Quincy in February 2024, down by 17.1% month-over-month. Of the 29 sold homes, 45% were sold under asking, 7% were sold at asking, and 48% were sold over asking.

Days on Market for Quincy, MA

How long does it take to sell a home in Quincy, MA?

Average Sale Time

Feb 2023Feb 2024CHANGE
39 Days36 Days-9.5%

Summary: Homes in Quincy had an average of 36 days on market in Feb 2024, down by 9.5% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 February 2024, 29 homes were sold in Quincy; 59% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 3% 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 3 Days Ago

Newest Listings in Quincy, MA

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