Quincy, IL Housing Market
AI-powered market intelligence for the Quincy, IL-MO metro area.
PropertyIQ Scores
Quincy, IL Market Analysis
Market Overview
Quincy, IL is a strong housing market with a PropertyIQ Score of 87/100. The score is driven by 12-month home value momentum of 13.30%, 3-month momentum of 0.82%, median days on market of 53 days, and a 17.4% share of listings with a price cut. Compared with Illinois overall, Quincy’s median home value of $191,845 is well below the state average of $299,900, giving the market a clear affordability advantage. The rent index of $1,288 is above the state average of $1,227, signaling relatively strong rental demand.
The local economy is mixed. Quincy’s unemployment rate is 5.1%, matching the state average, but median household income is $63,470, below the state average of $81,702. Homes are more affordable on price, but local incomes are lower than the state benchmark. Inventory is limited at 134 homes for sale, and with 53 days on market, homes are moving at a reasonably quick pace. Population growth data is not available, so demographic-driven demand cannot be assessed.
Overall, the 87/100 score positions Quincy as a strong market, supported by price momentum, quick sales, low price-cut activity, and above-state rental performance.
Key Trends
First, home value growth is strong but cooling. The 12-month home value momentum is 13.30%, while the 3-month momentum is 0.82%, showing a recent slowdown in appreciation. The key metrics list a year-over-year home value change of $13, which appears inconsistent with the 13.30% momentum figure; using the percentage momentum as the primary signal, Quincy has seen meaningful annual growth but much more modest near-term movement.
Second, the market is tight and efficient. Median days on market is 53 days, and only 17.4% of listings have a price cut, suggesting sellers have the upper hand. With 134 homes for sale, inventory is relatively low, which supports steady pricing.
Third, rental performance is above the state average. Quincy’s rent index of $1,288 exceeds the state average of $1,227, even though the median home value of $191,845 is far below the state average of $299,900. This combination may attract investors seeking rental income at a lower purchase price.
Fourth, affordability is strong on price but tempered by income. Quincy’s median home value is roughly $108,000 below the state average, but median household income is $63,470 compared with $81,702 statewide. Lower home prices help buyers, but the income gap may limit purchasing power.
Who Is This Market For
Quincy suits first-time buyers and budget-conscious households because the median home value of $191,845 is substantially below the state average of $299,900. The lower price point can make homeownership more attainable, though median household income of $63,470 is also below the state average, so affordability depends on individual circumstances.
The market also appears suitable for rental property investors. The rent index of $1,288 is above the state average of $1,227, while home prices are below the state median. A relatively fast market with 53 days on market and only 17.4% of listings with price cuts suggests well-priced properties can attract tenants or buyers quickly. The 12-month home value momentum of 13.30% may appeal to investors looking for appreciation, though the 3-month momentum of 0.82% points to slower short-term gains.
Move-up buyers may find opportunities but limited inventory. With 134 homes for sale, options are limited, and the fast sales pace means competition can be steady. Homeowners who have benefited from strong 12-month value growth may have equity to trade up, but they will likely face a seller’s market when buying their next home.
Outlook
Quincy’s near-term outlook appears stable to modestly positive, based on current supply-and-demand signals. Inventory is limited at 134 homes for sale, days on market is 53 days, and only 17.4% of listings have price cuts, pointing to continued seller advantages. The 12-month home value momentum of 13.30% shows strong appreciation, but the 3-month momentum of 0.82% suggests the pace is slowing. Rental demand, with a rent index of $1,288 above the state average of $1,227, may continue to support investor interest. However, median household income of $63,470 is below the state average of $81,702, and unemployment is 5.1%, matching the state average, which could limit buyer purchasing power. Population growth data is not available, so the demand outlook cannot be fully assessed. Overall, the data supports continued housing demand in the near term, but with slower price growth than the trailing 12-month pace.
AI-generated analysis based on current market data. Last updated August 20, 2026.
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Quincy, IL market data
Quincy, IL Housing Market Overview
Quincy, IL's median home value is $192K, up 13.3% over the past year. Homes here sell in a median 53 days. Its PropertyIQ Score of 87 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
Understanding the Quincy, IL housing market requires looking beyond headline price figures. The PropertyIQ Score reads both sides of market strength: Zillow price momentum across 3- and 12-month windows, and Realtor.com flow signals — days on market and the share of listings with price cuts. Together they predict how this IL metro is set to perform relative to the rest of its state.
Midwestern housing markets are characterized by affordability and economic diversification. From manufacturing hubs undergoing tech-sector transitions to university towns with stable demand, the region offers value-oriented opportunities with lower entry costs than coastal markets. Within the Midwest, Quincy, IL's PropertyIQ Score of 87 ranks among the Midwest's stronger demand signals.
The PropertyIQ Score for the Quincy, IL market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag. Momentum here has been positive, with home values up 13.3% over the past year.
Explore the interactive map to see how Quincy, IL compares to neighboring metros, or view the full market dashboard for detailed analytics including time-series trends, score breakdowns, and AI-generated market reports.
Counties in the Quincy, IL metro area
ZIP codes in the Quincy, IL metro area
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Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Quincy, IL a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Quincy, IL currently scores 87, a strong-momentum reading that leaves it positioned to outperform its state over the next three years. For buyers, strengthening demand usually means rising competition and firmer prices, so waiting can cost you negotiating room. Backing that up, the median home value here is $192K, up 13.3% over the past year. So whether Quincy, IL is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Quincy, IL?
Quincy, IL's PropertyIQ Score is 87, indicating strong momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 87 places Quincy, IL above its state benchmark.
Are home prices in Quincy, IL rising or falling?
Home prices in Quincy, IL are rising. Over the past year, the median home value increased 13.3%, reaching $192K. Over the latest three months, values moved up 0.8%, a sign near-term demand remains firm. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Quincy, IL's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Quincy, IL?
In Quincy, IL, homes sell in a median of 53 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 17% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Quincy, IL market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.