Is Quincy, IL 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 May 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, IL

How much do homes in Quincy, IL cost?

Median Sold Price

$155,033

$95/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$14,358(+10.2%)

Key Takeaway

Homes in Quincy have sold for 10.2% more than they did a year ago.

Summary: The median home sold price in Quincy was $155,033 in May 2024, up 10.2% from last year, and the median price per square foot was $95.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $53.4K$80K
+49.8%
2 $115K$125K
+8.7%
3 $151K$159.7K
+5.8%
4 $175K$211K
+20.6%
5+ $353K$379K
+7.4%

Summary: Quincy housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.8%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes increased by 7.4%.

Median Sold Price Compared To Nearby Cities

Ellington Township
+17.5%
Riverside Township
+11.6%
Quincy
+10.2%
Quincy Township
+10.2%

Housing Supply in Quincy, IL

How many homes are available in Quincy, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1831830.0%

Summary: The Quincy real estate market had 183 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 78
+14.3%
2 4346
+7.0%
3 8378
-6.0%
4 3838
0.0%
5+ 1213
+8.3%

Summary: The Quincy housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 7%, 3 bedroom homes decreased by 6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4550+11.1%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Quincy, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 50 homes were sold or pending in Quincy in May 2024, up by 11.1% month-over-month. Of the 50 sold homes, 40% were sold under asking, 34% were sold at asking, and 26% 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

May 2023May 2024CHANGE
20 Days28 Days+42.2%

Summary: Homes in Quincy had an average of 28 days on market in May 2024, up by 42.2% compared to last year.

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

8 Homes Were 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 May 2024, 50 homes were sold in Quincy; 76% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 16% 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 1 Day Ago

Newest Listings in Quincy, IL

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