Is Conway, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Conway has remained a Seller's Market.
Housing Prices in Conway, AR
How much do homes in Conway, AR cost?
Median Sold Price
$302,000
$150/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Conway was $302,000 in March 2024, up 34.2% from last month, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $136K | $128K | -5.9% |
3 Bedrooms | $220K | $232.5K | +5.7% |
4 Bedrooms | $313K | $419K | +33.9% |
5+ Bedrooms | - | $621K | N/A |
Summary: Conway housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 33.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Conway | $225K | $302K | +34.2% |
Cadron Township | $225K | $285K | +26.7% |
Housing Supply in Conway, AR
How many homes are available in Conway, AR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
230 | 272 | +18.3% |
Summary: The Conway real estate market had 272 homes for sale in March 2024, a 18.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 18 | +63.6% |
3 Bedrooms | 123 | 134 | +8.9% |
4 Bedrooms | 88 | 103 | +17.0% |
5+ Bedrooms | 8 | 17 | +112.5% |
Summary: The Conway housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 63.6%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 112.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
53 | 70 | +32.1% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 70 homes were sold or pending in Conway in March 2024, up by 32.1% month-over-month. Of the 66 sold homes, 53% were sold under asking, 30% were sold at asking, and 17% were sold over asking.
Days on Market for Conway, AR
We’re sorry, we don't have information for this market at the moment