Is Conway, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$420,500
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Conway have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Conway was $420,500 in April 2024, up 1.9% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $155K | +10.7% |
| 2 Bedrooms | $188.5K | $275K | +45.8% |
| 3 Bedrooms | $386.5K | $410K | +6.1% |
| 4 Bedrooms | $489.9K | $510K | +4.1% |
| 5+ Bedrooms | $582.5K | $467.5K | -19.7% |
Summary: Conway housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 45.8%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 19.7%.
Housing Supply in Conway, FL
How many homes are available in Conway, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 72 | 74 | +2.8% |
Summary: The Conway real estate market had 74 homes for sale in April 2024, a 2.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 36 | 33 | -8.3% |
| 4 Bedrooms | 22 | 26 | +18.2% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Conway housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +15.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Conway, you may be able to get a good deal. 59.1% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Conway in April 2024, up by 15.8% month-over-month. Of the 22 sold homes, 59% were sold under asking, 18% were sold at asking, and 23% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 22 Days | 32 Days | +44.0% |
Summary: Homes in Conway had an average of 32 days on market in Apr 2024, up by 44% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 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 April 2024, 22 homes were sold in Conway; 68% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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