$1,484 Closing Credit*
$125,000
1,660 SqFt
3 Beds
•1 Full Bath, 1 Partial
John Mast, Listing Office: Davis & Associates, REALTORS
Is Quincy, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$165,000
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,033(+7.9%)
Key Takeaway
Homes in Quincy have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Quincy was $165,000 in November 2024, up 7.9% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $57.4K | $81.5K | +41.9% |
| 2 Bedrooms | $121K | $125K | +3.3% |
| 3 Bedrooms | $154.9K | $174.4K | +12.6% |
| 4 Bedrooms | $207K | $249.9K | +20.7% |
| 5+ Bedrooms | $358K | $342.5K | -4.3% |
Summary: Quincy housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.9%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Ellington Township | $178.9K | $216K | +20.7% |
| Quincy | $152.9K | $165K | +7.9% |
| Quincy Township | $152.8K | $165K | +7.9% |
| Riverside Township | $374.9K | $399K | +6.4% |
| Melrose Township | $305K | $271K | -11.1% |
Housing Supply in Quincy, IL
How many homes are available in Quincy, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 164 | 158 | -3.7% |
Summary: The Quincy real estate market had 158 homes for sale in November 2024, a 3.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 4 | -42.9% |
| 2 Bedrooms | 42 | 39 | -7.1% |
| 3 Bedrooms | 69 | 67 | -2.9% |
| 4 Bedrooms | 33 | 36 | +9.1% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Quincy housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 38 | -11.6% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Quincy, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in Quincy in November 2024, down by 11.6% month-over-month. Of the 38 sold homes, 63% were sold under asking, 21% were sold at asking, and 16% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 32 Days | -20.0% |
Summary: Homes in Quincy had an average of 32 days on market in Nov 2024, down by 20% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
7 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 November 2024, 38 homes were sold in Quincy; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 5% 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.