Is Conway, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Conway is a neutral's market

Buyer's
Market

Difference Since November 2021

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.

How much do homes in Conway, SC cost?

Median Sold Price

$260,000

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$48,566(+23.0%)

Key Takeaway

Homes in Conway have sold for 23% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $110K$170.1K
+54.7%
3 $201.2K$250K
+24.3%
4 $325K$392.5K
+20.8%
5+ $326K$371.4K
+13.9%

Median Sold Price Compared To Nearby Cities

Conway
+23.0%
Conway East
+20.1%

How many homes are available in Conway, SC?

Number of Homes For Sale

Oct 2022Nov 2022%
209200-4.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 35
+66.7%
3 134120
-10.4%
4 4749
+4.3%
5+ 2526
+4.0%

Number of Homes Sold

Oct 2022Nov 2022%
4832-33.3%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Conway, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
103 Days98 Days-5.1%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Conway has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Conway, SC

Conway, SC has 200 homes on the market. Between October 2022 and November 2022, Conway, SC real estate market has seen decrease in the number of listings by 4.3%. While the average time on the market in November 2022 was 98 days, the median list price was $260,000. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties prices increased by 54.7%, prices of 3 bedrooms properties went up by 24.3%, 4 bedrooms properties prices increased by 20.8%, prices of 5 bedrooms properties went up by 13.9%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes went up by 66.7%, the quantity of 3 bedrooms homes went down by 10.4%, 4 bedrooms homes became 4.3% more available, 5 bedrooms homes became 4% more available. While more than 4 listings in Conway, SC in November 2022 were sold above asking price, there were more than 8 listings sold at asking price, and more than 20 were sold below.

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