Is Quincy, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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, MA
How much do homes in Quincy, MA cost?
Median Sold Price
$640,000
$437/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Quincy have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Quincy was $640,000 in April 2024, up 3.6% from last year, and the median price per square foot was $437.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $335K | +6.3% |
| 2 Bedrooms | $516.2K | $530K | +2.7% |
| 3 Bedrooms | $639.5K | $715K | +11.8% |
| 4 Bedrooms | $756K | $759K | 0.4% |
| 5+ Bedrooms | $870K | $910K | +4.6% |
Summary: Quincy housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Cities
| Braintree Town | $618.3K | $650K | +5.1% |
| Braintree | $620K | $650K | +4.8% |
| Quincy | $617.5K | $640K | +3.6% |
| Randolph | $510K | $520K | +2.0% |
| Milton | $898.3K | $893K | -0.6% |
Housing Supply in Quincy, MA
How many homes are available in Quincy, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 186 | 198 | +6.5% |
Summary: The Quincy real estate market had 198 homes for sale in April 2024, a 6.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 14 | 0.0% |
| 2 Bedrooms | 68 | 75 | +10.3% |
| 3 Bedrooms | 51 | 55 | +7.8% |
| 4 Bedrooms | 37 | 36 | -2.7% |
| 5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The Quincy housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 52 | 45 | -13.5% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Quincy, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in Quincy in April 2024, down by 13.5% month-over-month. Of the 45 sold homes, 47% were sold under asking, 9% were sold at asking, and 44% were sold over asking.
Days on Market for Quincy, MA
How long does it take to sell a home in Quincy, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 31 Days | +19.0% |
Summary: Homes in Quincy had an average of 31 days on market in Apr 2024, up by 19% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 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, 45 homes were sold in Quincy; 69% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
