Quincy, Massachusetts Housing Market

How much can you negotiate in Quincy?

Only 72 out of every 100 homes for sale have found a buyer. The other 28 are still waiting. Your offer may be the only one on the table. Few sellers are dropping their price. Asking prices are holding firm. Your discount will come from one stale listing, not from the whole market.

A typical Quincy home takes 30 days to find a buyer. Half of them take even longer. That is 26% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 30+ days ago. There are 143 homes for sale in Quincy. That is 4.1 times the tightest month on record, but below the peak of 170. Supply is growing against last year.

What to do about it

• Search Quincy homes listed 30+ days ago that have already cut their price.
• Offer below the reduced price.
• Keep your inspection and financing contingencies.
• Ask the seller to pay closing costs.
• You can lose a few offers here and still win.

Is now a good time to buy in Quincy?

Asking prices are 4.5% below their May 2024 peak. You are not buying at the top. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller. Quincy prices have risen in 94 of the last 108 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

The discount is already here. It is not getting bigger. Buy now while sellers are still weak. Waiting for a lower price stopped working a year ago.

Who will rent from you in Quincy?

Most Quincy households rent. 55 out of every 100 households are renters. That share has held steady for five years. Quincy added about 2,600 renter households in five years. Renter households average 1.9 people. Singles and couples rent here. Two bedrooms beat four.

Households grew 10% in five years. The housing stock grew 10%. The two are moving in step. Just 5.8% of homes sit empty. A well-priced rental fills fast here.

The median Quincy household earns $99,613 a year. Incomes here have grown 5.3% a year since 2019. Incomes are rising faster than home prices. Affordability is improving. A typical home costs 7.4 times the median income. Most locals cannot buy. That keeps rental demand deep. It also caps the rent they can pay. A tenant on the median income can pay about $2,490 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast.

That is the market, not your address. Run an address through the app to see its rent estimate and cash flow.

What numbers should you underwrite a Quincy deal with?

• Price growth to assume — +3.5%/yr. Quincy grew 5.6% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Quincy grows about 3.5% a year. That is the number to type in. Prices rose 7.2% over the last year. That is a timing signal, not a trend.
• Months of carrying cost — 1. A typical home takes 30 days to sell. Budget that long when you exit or refinance. It is 26% slower than a year ago.
• Odds you cut your price to sell — 1 in 8. About 12% of homes on the Quincy market right now have already cut their asking price. Assume you are one of them when you sell. Do not underwrite an exit at your asking price.
• Comp on this, not median price — $527/sqft. The typical Quincy listing shrank from 1,479 to 1,353 sqft since Jul 2016. So median price hides real growth: 72% per sqft versus 56% on the median. Comp on median price and you will overpay for small homes.
• Competition when you exit — +30%. That is how much the number of homes for sale grew in a year. Your resale will face a bigger crowd than today's comps did.
• Price-to-income ratio — 7.4×. A typical home costs 7.4 times the median income. Most locals cannot buy. That keeps rental demand deep. It also caps the rent they can pay. Incomes are rising faster than home prices. Affordability is improving.
• Tenant rent ceiling — $2,490/mo. 30% of the median household income of $99,613. Rents above this line shrink your tenant pool fast.

Is Quincy a buyer's or seller's market in 2026?

Yes, if you negotiate. Buyers have the upper hand in Quincy right now. 72 out of every 100 homes for sale have a buyer, 12% of sellers have cut their price, and a typical home takes 30 days to sell.

Are Quincy home prices going up or down?

Asking prices are 4.5% below their May 2024 peak. You are not buying at the top. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller.

What price growth should I assume for Quincy?

Assume +3.5% a year. Quincy grew 5.6% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Quincy grows about 3.5% a year. That is the number to type in. Prices rose 7.2% over the last year. That is a timing signal, not a trend.

How fast are homes selling in Quincy?

A typical Quincy home takes 30 days to find a buyer. Half of them take even longer. That is 26% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 30+ days ago.

Is Quincy a renters' market or an owners' market?

Most Quincy households rent. 55 out of every 100 households are renters. That share has held steady for five years. Just 5.8% of homes sit empty. A well-priced rental fills fast here.

What rent can Quincy tenants afford?

A tenant on the median income can pay about $2,490 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast. The median Quincy household earns $99,613 a year.