Is Quincy Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Quincy Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Quincy Township has remained a Seller's Market.

Key Takeaway

Quincy Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Quincy Township, MI

How much do homes in Quincy Township, MI cost?

Median Sold Price

$205,000

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$7,500(+3.8%)

Key Takeaway

Homes in Quincy Township have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Quincy Township was $205,000 in October 2024, up 3.8% from last year, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $153.3K$139.4K
-9.1%
3 $196K$185K
-5.6%
4 $255.5K$334.7K
+31.0%
5+ $225.5K$337.4K
+49.6%

Summary: Quincy Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 31%, and 5+ bedroom homes increased by 49.6%.

Median Sold Price Compared To Nearby Cities

Algansee Township
+46.8%
Coldwater Township
+24.9%
Quincy
+5.0%
Quincy Township
+3.8%

Housing Supply in Quincy Township, MI

How many homes are available in Quincy Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2832+14.3%

Summary: The Quincy Township real estate market had 32 homes for sale in October 2024, a 14.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1013
+30.0%
4 1214
+16.7%
5+ 21
-50.0%

Summary: The Quincy Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
59+80.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Quincy Township, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Quincy Township in October 2024, up by 80.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.

Days on Market for Quincy Township, MI

How long does it take to sell a home in Quincy Township, MI?

Average Sale Time

Oct 2023Oct 2024CHANGE
48 Days47 Days-1.5%

Summary: Homes in Quincy Township had an average of 47 days on market in Oct 2024, down by 1.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Quincy Township has remained consistent over time.

Summary: During October 2024, 9 homes were sold in Quincy Township; 22% of homes were sold within 30 days, 78% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

Newest Listings in Quincy Township, MI

Nearby Markets to Quincy Township, MI

What housing markets are near Quincy Township, MI?