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
Since last month, 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, IL
How much do homes in Quincy, IL cost?
Median Sold Price
$150,000
$99/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Quincy have sold for 9.1% more than they did a month ago.
Summary: The median home sold price in Quincy was $150,000 in April 2024, up 9.1% from last month, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $94.2K | N/A |
| 2 Bedrooms | $125K | $65K | -48.0% |
| 3 Bedrooms | $132.5K | $180K | +35.8% |
| 4 Bedrooms | $198.7K | $215K | +8.2% |
| 5+ Bedrooms | $509.4K | $255K | -49.9% |
Summary: Quincy housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 48%, 3 bedroom homes increased by 35.8%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 49.9%.
Median Sold Price Compared To Nearby Cities
| Quincy | $137.5K | $150K | +9.1% |
| Quincy Township | $137.5K | $150K | +9.1% |
| Melrose Township | $426K | $256.7K | -39.7% |
Housing Supply in Quincy, IL
How many homes are available in Quincy, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 180 | 173 | -3.9% |
Summary: The Quincy real estate market had 173 homes for sale in April 2024, a 3.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 51 | 40 | -21.6% |
| 3 Bedrooms | 71 | 78 | +9.9% |
| 4 Bedrooms | 41 | 36 | -12.2% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Quincy housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 21.6%, 3 bedroom homes increased by 9.9%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 61 | 43 | -29.5% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Quincy, you may be able to get a good deal. 51.2% of homes here sold below asking price last month.
Summary: A total of 43 homes were sold or pending in Quincy in April 2024, down by 29.5% month-over-month. Of the 43 sold homes, 51% were sold under asking, 21% were sold at asking, and 28% 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
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 54 Days | 37 Days | -31.2% |
Summary: Homes in Quincy had an average of 37 days on market in Apr 2024, down by 31.2% compared to last month.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 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 April 2024, 43 homes were sold in Quincy; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.