Is Quincy, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$643,125
$438/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
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 $643,125 in June 2024, up 3.8% from last year, and the median price per square foot was $438.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $319.5K | $335K | +4.9% |
| 2 Bedrooms | $517.5K | $538.5K | +4.1% |
| 3 Bedrooms | $650K | $715K | +10.0% |
| 4 Bedrooms | $752.5K | $775K | +3.0% |
| 5+ Bedrooms | $900K | $912.7K | +1.4% |
Summary: Quincy housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Randolph | $500K | $547K | +9.4% |
| Milton | $875K | $925K | +5.7% |
| Braintree | $625K | $658.5K | +5.4% |
| Braintree Town | $625K | $658.5K | +5.4% |
| Quincy | $619.7K | $643.1K | +3.8% |
Housing Supply in Quincy, MA
How many homes are available in Quincy, MA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 239 | 247 | +3.3% |
Summary: The Quincy real estate market had 247 homes for sale in June 2024, a 3.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 30 | +50.0% |
| 2 Bedrooms | 78 | 70 | -10.3% |
| 3 Bedrooms | 66 | 77 | +16.7% |
| 4 Bedrooms | 44 | 43 | -2.3% |
| 5+ Bedrooms | 31 | 27 | -12.9% |
Summary: The Quincy housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 12.9%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 67 | 56 | -16.4% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Quincy, you could pay more than the asking price. 44.6% of homes here sold above asking price last month.
Summary: A total of 56 homes were sold or pending in Quincy in June 2024, down by 16.4% month-over-month. Of the 56 sold homes, 32% were sold under asking, 23% were sold at asking, and 45% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 25 Days | 28 Days | +12.0% |
Summary: Homes in Quincy had an average of 28 days on market in Jun 2024, up by 12% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Quincy are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 56 homes were sold in Quincy; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
