Is Quincy, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Quincy has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $53.4K | $80K | +49.8% |
2 Bedrooms | $115K | $125K | +8.7% |
3 Bedrooms | $151K | $159.7K | +5.8% |
4 Bedrooms | $175K | $211K | +20.6% |
5+ Bedrooms | $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 | $176.2K | $207K | +17.5% |
Riverside Township | $340K | $379.5K | +11.6% |
Quincy | $140.6K | $155K | +10.2% |
Quincy Township | $140.6K | $155K | +10.2% |
Housing Supply in Quincy, IL
How many homes are available in Quincy, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
183 | 183 | 0.0% |
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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 43 | 46 | +7.0% |
3 Bedrooms | 83 | 78 | -6.0% |
4 Bedrooms | 38 | 38 | 0.0% |
5+ Bedrooms | 12 | 13 | +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 2024 | May 2024 | CHANGE |
---|---|---|
45 | 50 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 28 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
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.