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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Conway is a seller's market

Buyer's
Market

Difference Since June 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, SC

How much do homes in Conway, SC cost?

Median Sold Price

$294,911

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$1,053(+0.4%)

Key Takeaway

The sold price of homes in Conway has remained the same since last year.

Summary: The median home sold price in Conway was $294,911 in June 2024, up 0.4% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $120K$127.9K
+6.6%
2 $159.9K$169.9K
+6.3%
3 $275K$282.2K
+2.7%
4 $364K$352K
-3.3%
5+ $379.4K$377.9K
-0.4%

Summary: Conway housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 0.4%.

Median Sold Price Compared To Nearby Cities

Conway
0.4%
Conway East
-1.6%

Housing Supply in Conway, SC

How many homes are available in Conway, SC?

Number of Homes For Sale

May 2024Jun 2024CHANGE
640638-0.3%

Summary: The Conway real estate market had 638 homes for sale in June 2024, a 0.3% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 45
+25.0%
2 3132
+3.2%
3 383374
-2.3%
4 179180
+0.6%
5+ 4347
+9.3%

Summary: The Conway housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 9.3%.

Number of Homes Sold

May 2024Jun 2024CHANGE
109108-0.9%

Asking Price vs. Sold Price

68 Homes Were Sold
Under Asking

33 Homes Were Sold
At Asking

7 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. 63% of homes here sold below asking price last month.

Summary: A total of 108 homes were sold or pending in Conway in June 2024, down by 0.9% month-over-month. Of the 108 sold homes, 63% were sold under asking, 31% were sold at asking, and 6% 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

Jun 2023Jun 2024CHANGE
106 Days114 Days+7.7%

Summary: Homes in Conway had an average of 114 days on market in Jun 2024, up by 7.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

50 Homes Were Sold
In 30 - 90 Days

54 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

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 June 2024, 108 homes were sold in Conway; 3% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

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

Report Updated 23 Days Ago

Newest Listings in Conway, SC

Nearby Markets to Conway, SC

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