What Is the Quincy, MA Real Estate Market Forecast Through 2029?
Last updated: October 13, 2026
FRESHNESS: rate/stat-dependent
MARKET INSIGHTS
What Is the Quincy, MA Real Estate Market Forecast Through 2029?
October 13, 2026 | By Krista Recker
For planning purposes, I use 0% to 3% nominal annual growth for Quincy home prices through 2029, not the 6.5% to 7.5% a year you will see on some forecast websites. That is an illustrative planning range, not a published Quincy forecast and not a prediction of any particular home's value. Quincy's own closed sale history is what points to the lower range: single family homes that closed year to date through June 3 averaged $730,992 in 2022 and $808,633 in 2026, which works out to about 2.6% a year compounded, and condos went from $523,339 to $529,284 over the same stretch, which is barely 0.3% a year. Nationally, Fannie Mae's September 2026 forecast has home prices rising 2.3% in 2026 and 1.0% in 2027, with the 30 year fixed rate averaging 6.7% in 2027. Both of those are national figures, not Quincy figures.
If you are hoping for a specific number, here it is with the assumptions attached. Starting from Redfin's $669,557 all home types median for the three months ending August 2026, held constant through the end of 2026, three years of 2% growth in 2027 through 2029 lands around $711,000. Three years of 0% is $669,557. Three years of 5% is about $775,000. Three years of 7% is about $820,000, and I cannot find a Quincy dataset that supports that last one. Those are what each assumption does to a citywide median, not what any one house will be worth.
What follows is where each of those numbers comes from, why the internet's rosier figures do not hold up, what the rate picture does to your monthly cost, and how to make a buy, sell, or hold decision when nobody, including me, can actually see 2029.
Who this applies to
This is written for you if any of the following is true:
- You are deciding whether to buy in Quincy now or wait, and you want to know what waiting is likely to cost or save you.
- You own a Quincy home and want to know whether holding another two or three years is likely to add meaningful equity.
- You are an investor running a hold period on a Quincy condo or multi family and need an appreciation assumption you can defend.
- You inherited a Quincy property and the family is debating whether to sell now or rent it out and sell later.
- You keep seeing "Quincy home values will rise 7% a year through 2029" and want to know whether that is real.
If you are buying a primary home you plan to live in for seven or more years, the exact 2029 number matters less to you than the monthly payment section, so read that first. If you are holding for two to three years, the scenario table is the section that decides your outcome.
What do the major forecasters actually project for home prices and rates?
Fannie Mae's Economic and Strategic Research Group, in its Housing Forecast dated September 11, 2026, projects its national home price index rising 2.3% in 2026 and 1.0% in 2027, measured fourth quarter over fourth quarter. The same forecast has the 30 year fixed mortgage rate averaging 6.5% for 2026 and 6.7% for 2027 as annual averages, and the published table does not extend to 2028 or 2029 at all.
That is the most important thing to understand about any "through 2029" forecast: the most widely cited national housing forecast stops at 2027. Anyone publishing a 2029 Quincy number is extrapolating a trend line or running a model, and you should ask which one before you rely on it.
Two other data points frame the near term. Fannie Mae expects existing home sales to rise from about 4.06 million in 2026 to about 4.22 million in 2027, a modest recovery in activity rather than a boom. And the rate forecast has been moving the wrong direction for buyers: Freddie Mac's weekly survey dated September 24, 2026 put the 30 year fixed at a 7.03% national average, the first reading above 7% since January 2025, up from 6.30% a year earlier. That is a dated survey average, not a live rate or a quote any particular Quincy borrower will get.
Figures checked against the Fannie Mae ESR Housing Forecast dated September 11, 2026 and the Freddie Mac Primary Mortgage Market Survey dated September 24, 2026.
Where do the 6.5% to 7.5% a year Quincy forecasts come from?
Most of them come from automated forecast pages that publish a projected "home value" for a city or zip code without naming a method, a publication date, or a definition of value that you can check. I have not been able to verify how any specific one is built, so I do not cite them by name. What I can do is test the growth rate itself against Quincy's own record.
Here is why a 7% number does not survive contact with Quincy's actual data. Comparing year to date closed sales through June 3 of 2022 against the same window in 2026, the average sale price of a Quincy single family home rose 10.6% in total, per a Quincy market report compiled from MLS PIN data through June 3, 2026. That is four years. Compounded, it is about 2.6% a year, and the path was not smooth: 2023 came in at $710,395, below 2022, before the 2024 through 2026 recovery. Condos rose 1.1% in total over the same four years, about 0.3% a year, with a dip in 2024 to $506,829.
A constant 7% annual increase applied to the report's 2022 single family average would have implied about $958,000 by the comparable 2026 window. The reported figure was $808,633. That is a gap of roughly $150,000 on a four year horizon. It illustrates the risk of extrapolating a high growth rate; it is not a test of any particular website's past forecast.
One caution in the other direction: those MLS PIN figures are averages of a few dozen to just over a hundred closed sales in each year's window (78 single family and 121 condo closings in 2026), so a handful of unusually expensive or inexpensive sales can move them. They measure the change in the average price of what sold, not repeat sales of the same homes, so they are not a pure appreciation measure. They are the best five year Quincy series I can source and date, but treat the direction as more reliable than the decimal.
Figures checked against a Quincy market report compiled from MLS PIN year to date data through June 3, 2026.
What has the wider Massachusetts market done recently?
Massachusetts and Greater Boston prices grew in the low to mid single digits in 2025, and 2026 has brought more inventory and more price cuts. The Warren Group's January 20, 2026 release put the full year 2025 statewide median single family price at $638,000, up 3.7% from 2024, and the Greater Boston median (139 communities inside Route 495) at $799,000, up 5.1%. Condos were flat: the Greater Boston median condo price was $618,986 for 2025, down 0.2%. Those are full year medians, which is a different measure from the Quincy year to date averages above.
The August 2026 picture leans further toward balance. Per Lamacchia Realty's August 2026 Massachusetts Housing Report, which compares Warren Group and MLS PIN data to the prior year, August 2026 closed sales across single family, condo, and multi family combined were up 2.3% from August 2025 (condo sales alone were down), new listings were up 16.2%, and the count of price adjustments was up 47.8%. Average sale prices were still up year over year, but list price reductions were far more common than a year earlier. Note that those August price figures are averages rather than medians, and averages run higher than medians in a market with a long tail of expensive sales.
For Quincy specifically, Redfin's all home types median for the three months ending August 2026 was $669,557, down 4.3% from the same period a year earlier, while price per square foot rose 3.9% to $469. A falling median alongside a rising price per square foot is consistent with a shift in the mix of what sold, though it neither proves that nor rules out some softening in value.
Figures checked against The Warren Group press release dated January 20, 2026, Lamacchia Realty's August 2026 Massachusetts Housing Report published September 23, 2026, and Redfin's Quincy market page captured September 17, 2026.
What does each growth assumption do to the Quincy median by 2029?
The table below holds Redfin's $669,557 all home types median for the three months ending August 2026 constant through the end of 2026, then applies three annual changes for 2027, 2028, and 2029. It is arithmetic on a citywide median, not a prediction and not a valuation of any one home. Pick the row whose assumptions you believe.
| Scenario | Annual change | Quincy all home types median by end of 2029 | Change from $669,557 | What has to be true |
|---|---|---|---|---|
| Soft landing lower | -2% a year | About $630,000 | About -$39,000 | Mortgage rates stay near or above 7%, condo inventory keeps rising, and Quincy repeats something like its 2023 single family dip for three straight years, which it has not done in the MLS PIN series going back to 2022 |
| Flat | 0% a year | $669,557 | $0 | The illustrative median stays flat in dollars while rates stay high; its inflation adjusted value could fall, and an owner's net equity would still depend on the loan balance and selling costs |
| Base case | 2% a year | About $711,000 | About +$41,000 | Roughly matches Quincy's own 2022 to 2026 single family pace of 2.6% a year and sits between Fannie Mae's national 2.3% for 2026 and 1.0% for 2027 |
| Strong | 5% a year | About $775,000 | About +$106,000 | Requires rates falling toward 6% or below and Greater Boston repeating its 2025 pace of 5.1% three years running |
| Forecast site | 7% a year | About $820,000 | About +$151,000 | No Quincy closed sale series from 2022 to 2026 supports this rate; it would have overshot the actual June 2026 single family average by roughly $150,000 |
Two things to notice. First, the spread between the flat row and the base case is about $41,000 over three years on the citywide median. That is real money, but on a $669,557 purchase it is smaller than the swing in your total interest cost from a single percentage point of mortgage rate. Second, the gap between the base case and the 7% row is about $110,000. That is the difference between two illustrative median price scenarios, before debt and transaction costs, and it is the amount a buyer would be counting on if they planned around the higher number.
What does the rate forecast do to a Quincy monthly payment?
More than the price forecast does. On a $535,646 loan, which is 80% of Quincy's $669,557 median, the monthly principal and interest at Freddie Mac's September 24, 2026 average of 7.03% is about $3,574. At Fannie Mae's projected 2027 average of 6.7%, the same loan is about $3,456, a difference of $118 a month. If rates ever returned to 6.0%, the payment would be about $3,211, or $363 a month below today, which is roughly $4,350 a year.
Now put that next to the price scenarios. A buyer who waits for the base case, 2% annual growth, pays about $13,400 more for the same home a year from now, which adds roughly $69 a month to the payment with 20% down at a 6.7% rate. If the rate drop from 7.03% to 6.7% happens in the same year, the buyer waits, pays more for the house, and still ends up with a lower monthly payment than buying today. If the rate drop does not happen, the buyer paid about $69 a month more for the same house. That $69 is only the added principal and interest from a 2% higher price at an unchanged 6.7% rate. It is not the total cost of waiting, which also depends on the rent you paid in the meantime, what your savings earned, and any changes to taxes and insurance.
That is the honest shape of the 2027 decision for a financed Quincy buyer: the rate path matters more than the price path, and nobody controls or reliably predicts the rate path. The practical answer is to buy when the payment works for you at today's rate, treat any future refinance as a bonus rather than a plan, and stop trying to time a variable that Fannie Mae itself has revised repeatedly.
Figures checked against the Freddie Mac PMMS dated September 24, 2026 and the Fannie Mae Housing Forecast dated September 11, 2026. Payment figures are calculations on a 30 year fixed loan of $535,646, principal and interest only, not rate quotes.
What Quincy specific factors could push prices off the national trend?
Four local factors are worth watching, and I would weight them differently for condos than for single family homes.
Condo supply is the biggest downside risk on the condo side. In the MLS PIN data compiled through June 3, 2026, Quincy had 91 active condo listings versus 61 a year earlier, 3.3 months of supply versus 2.5, and condos were selling at an average of 99.2% of list price after 33 days to an accepted offer. Recent permitting in Quincy has been predominantly multifamily and mixed use rather than single family, per the city's Housing Production Plan, though the plan does not say how many of those future units will be condos versus rentals. So this is my read rather than a documented cause: the property type closest to the new supply is the one showing the softer pricing, and I would not assume condo appreciation matches the single family number through 2029.
Single family scarcity is the biggest upside support. The same June 2026 report showed 38 active single family listings, 1.4 months of supply, sales at an average of 102.2% of list, and 22 days to an accepted offer. The Quincy Housing Production Plan for 2022 to 2027 found that fewer than a third of the city's housing units, about 32%, have three or more bedrooms; that is a housing stock finding from the plan, not a count of current listings. The same plan describes recent permitting as predominantly multifamily and mixed use rather than single family. Quincy's single family homes sit within a few miles of four Red Line stations. When rates ease, that segment is where I would expect competition to return first.
Mortgage rates are the swing factor for both. Every scenario in the table above is really a rate scenario in disguise. The strong row needs rates to fall. The soft landing lower row needs them to stay above 7%. Fannie Mae's 6.7% average for 2027 is a middle path that lands closest to the flat to base case rows.
The Boston economy is the quiet variable. Quincy is part of the Greater Boston market, and its buyers are largely drawn from the same regional job base, so regional employment and wages matter here even though the two price series I cite measure different property sets over different periods. If the region keeps adding jobs and wages, the base case holds. If major regional employers contract, Quincy will not be immune, and no five year forecast from any source has a good record of predicting that.
How should a buyer, seller, or investor use a 2029 forecast?
Use it as a range to stress test your decision, never as a number to count on.
If you are buying a home to live in, run your purchase at the flat scenario and make sure it still makes sense. If the only way the purchase works is the strong or forecast site row, you are buying a bet on appreciation rather than a home, and the Quincy data since 2022 says that bet has paid out at a much lower rate than the forecast sites claim. Plan to hold at least five to seven years so that Massachusetts transaction costs, which can add up to a meaningful share of the price once you count buyer closing costs going in and brokerage fees and the Massachusetts deed excise tax going out, do not eat the base case gain.
If you are selling, the forecast argues against waiting for a better number unless you have a specific reason. Three years of base case growth adds about $41,000 to the citywide median, before carrying costs. Against that, put three years of property taxes at the FY2026 residential rate of $11.78 per $1,000 of assessed value (the rate applies to the city's assessed value, not your sale price, and it is reset each fiscal year), insurance, maintenance, and any mortgage interest. Whether those costs consume most of the gain depends on your specific numbers, which is why I run them property by property rather than assuming. If you are selling a condo, the June 2026 supply figures make a stronger case for acting sooner than for the single family side.
If you are an investor, underwrite at 0% to 2% appreciation and make the deal work on cash flow. Any Quincy multi family or condo purchase that only pencils with 5% or more annual appreciation is a purchase the 2022 to 2026 data would have punished. If a property cash flows as a rental, a hold and rent strategy is one way to wait out a soft resale window, provided you have run the numbers on Massachusetts landlord obligations first and confirmed the rent with current comparable listings rather than assuming it.
If you inherited a Quincy home, the same math applies with one addition: the property is usually not earning anything while the family deliberates, and it may be costing insurance, taxes, and upkeep. The base case puts the 2029 citywide median about 6% above today's, and your specific house may do better or worse than the median. Decide whether that is worth three years of carrying costs and three years of siblings coordinating on a house none of you live in.
The Bottom Line
The planning range I use for Quincy home prices through 2029 is slow growth, somewhere between flat and about 3% a year in nominal terms, with single family homes better supported than condos. It is a working assumption rather than a forecast with statistical backing, and it comes from Quincy's own 2022 to 2026 closed sale history, from the Warren Group's Massachusetts and Greater Boston figures, and from Fannie Mae's 2026 and 2027 national forecast, and it sits well below the 6.5% to 7.5% figures that automated forecast sites publish for the city.
The number that will actually determine your outcome is not the 2029 price. It is the mortgage rate on the day you buy or the day your buyer buys. Freddie Mac's September 24, 2026 survey put the national average at 7.03%, and Fannie Mae's forecast average for 2027 is 6.7%. Make your decision on the payment you can carry now, hold long enough for the base case to cover your transaction costs, and treat anything better than 2% a year as upside you did not plan on.