Is Quincy, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$644,444
$438/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Quincy have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Quincy was $644,444 in March 2024, up 4.8% from last year, and the median price per square foot was $438.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $313K | $330K | +5.4% |
| 2 Bedrooms | $496.5K | $535K | +7.8% |
| 3 Bedrooms | $639.5K | $710K | +11.0% |
| 4 Bedrooms | $755K | $759.5K | +0.6% |
| 5+ Bedrooms | $870K | $900K | +3.4% |
Summary: Quincy housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
| Braintree | $615K | $648.7K | +5.5% |
| Braintree Town | $615K | $648.7K | +5.5% |
| Quincy | $615K | $644.4K | +4.8% |
| Randolph | $507.5K | $517.7K | +2.0% |
| Milton | $900K | $888K | -1.3% |
Housing Supply in Quincy, MA
How many homes are available in Quincy, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 151 | 179 | +18.5% |
Summary: The Quincy real estate market had 179 homes for sale in March 2024, a 18.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 13 | 0.0% |
| 2 Bedrooms | 62 | 64 | +3.2% |
| 3 Bedrooms | 37 | 48 | +29.7% |
| 4 Bedrooms | 30 | 37 | +23.3% |
| 5+ Bedrooms | 9 | 17 | +88.9% |
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 3.2%, 3 bedroom homes increased by 29.7%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes increased by 88.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 45 | +50.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Quincy, you could pay more than the asking price. 48.9% of homes here sold above asking price last month.
Summary: A total of 45 homes were sold or pending in Quincy in March 2024, up by 50.0% month-over-month. Of the 45 sold homes, 47% were sold under asking, 4% were sold at asking, and 49% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 34 Days | -13.5% |
Summary: Homes in Quincy had an average of 34 days on market in Mar 2024, down by 13.5% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 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 March 2024, 45 homes were sold in Quincy; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
