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.
Key Takeaway
Conway is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Conway have sold for 34.2% more than they did a month ago.
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
Key Takeaway
If you're buying a home in Conway, you may be able to get a good deal. 53% of homes here sold below asking price last month.
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
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.