Is Conway, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Conway was a Seller's Market.
Key Takeaway
Conway is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Conway, SC
How much do homes in Conway, SC cost?
Median Sold Price
$294,214
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Conway have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Conway was $294,214 in March 2024, up 1.5% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145.5K | $120K | -17.5% |
| 2 Bedrooms | $163.5K | $158K | -3.4% |
| 3 Bedrooms | $275K | $279.9K | +1.8% |
| 4 Bedrooms | $369K | $355.5K | -3.7% |
| 5+ Bedrooms | $389.5K | $382.9K | -1.7% |
Summary: Conway housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.5%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Conway | $290K | $294.2K | +1.5% |
| Conway East | $334.1K | $330K | -1.2% |
Housing Supply in Conway, SC
How many homes are available in Conway, SC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 553 | 583 | +5.4% |
Summary: The Conway real estate market had 583 homes for sale in March 2024, a 5.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 34 | 34 | 0.0% |
| 3 Bedrooms | 333 | 354 | +6.3% |
| 4 Bedrooms | 146 | 151 | +3.4% |
| 5+ Bedrooms | 39 | 42 | +7.7% |
Summary: The Conway housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 83 | 91 | +9.6% |
Asking Price vs. Sold Price
59 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Conway, you may be able to get a good deal. 64.8% of homes here sold below asking price last month.
Summary: A total of 91 homes were sold or pending in Conway in March 2024, up by 9.6% month-over-month. Of the 91 sold homes, 65% were sold under asking, 20% were sold at asking, and 15% were sold over asking.
Days on Market for Conway, SC
How long does it take to sell a home in Conway, SC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 113 Days | 132 Days | +16.8% |
Summary: Homes in Conway had an average of 132 days on market in Mar 2024, up by 16.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
49 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Conway are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 91 homes were sold in Conway; 1% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 54% of homes were sold over 90 days.
Provided courtesy of © Copyright 2024 Coastal Carolinas Multiple Listing Service, Inc.®. Information Deemed Reliable but Not Guaranteed. © Copyright 2024 Coastal Carolinas Multiple Listing Service, Inc.® MLS. All rights reserved. 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. Images related to data from the MLS is the sole property of the MLS and not the responsibility of the owner of this website. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes name of the listing brokers. Any images related to data from the MLS is the sole property of the MLS and not the responsibility of the owner of this website.
Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.