Is Conway, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Conway has remained a Seller's Market.
Key Takeaway
Conway is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Conway, FL
How much do homes in Conway, FL cost?
Median Sold Price
$422,500
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Conway have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in Conway was $422,500 in May 2024, down 0.6% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $141.5K | $155K | +9.5% |
| 2 Bedrooms | $187.1K | $225K | +20.3% |
| 3 Bedrooms | $399.9K | $410K | +2.5% |
| 4 Bedrooms | $515K | $505.7K | -1.8% |
| 5+ Bedrooms | $660K | $650K | -1.5% |
Summary: Conway housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 20.3%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 1.5%.
Housing Supply in Conway, FL
How many homes are available in Conway, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 74 | 72 | -2.7% |
Summary: The Conway real estate market had 72 homes for sale in May 2024, a 2.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 35 | 31 | -11.4% |
| 4 Bedrooms | 24 | 26 | +8.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Conway housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Conway, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Conway in May 2024, down by 13.6% month-over-month. Of the 19 sold homes, 63% were sold under asking, 16% were sold at asking, and 21% were sold over asking.
Days on Market for Conway, FL
How long does it take to sell a home in Conway, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 37 Days | +143.1% |
Summary: Homes in Conway had an average of 37 days on market in May 2024, up by 143.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Conway are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in Conway; 74% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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