Metropolitan Statistical Area (MSA):

Quincy, IL-MO

Quincy, IL-MO is a Metropolitan Statistical Area (MSA) comprising counties including .

Housing Market Trends in the Quincy, IL-MO Metropolitan Statistical Area

The Quincy, IL-MO metropolitan statistical area (MSA) is located in the west-central part of the state of Illinois and includes the city of Quincy and its surrounding suburbs. The MSA has a population of approximately 200,000 people and is home to a number of colleges and universities, as well as a number of major employers.

The housing market in the Quincy MSA has been strong in recent years, with home prices rising steadily. The median home price in the MSA was $145,000 in 2017, up from $142,500 in 2016. The average price per square foot for homes in the MSA was $106 in 2017, up from $103 in 2016.

There are a number of factors that have contributed to the strong housing market in the Quincy MSA. The economy in the region has been doing well, with unemployment remaining low and wages rising. In addition, there has been an influx of people moving to the region from other parts of Illinois and Missouri due to its affordable cost of living. This has led to increased demand for housing, which has helped drive up prices.

Looking ahead, it is expected that the housing market will continue to be strong in the Quincy MSA. Population growth is expected to remain steady, while job growth is projected to increase slightly. This should help keep demand for housing high and support further price increases.

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