Is Conway East, 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 East was a Seller's Market.
Key Takeaway
Conway East 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 East, SC
How much do homes in Conway East, SC cost?
Median Sold Price
$330,004
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Conway East have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Conway East was $330,004 in March 2024, down 1.2% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $131.5K | $130K | -1.1% |
| 2 Bedrooms | $214.9K | $215K | 0.0% |
| 3 Bedrooms | $316.4K | $310K | -2.0% |
| 4 Bedrooms | $479.5K | $449.4K | -6.3% |
| 5+ Bedrooms | $549.8K | $521.5K | -5.1% |
Summary: Conway East housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes did not change, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 5.1%.
Median Sold Price Compared To Nearby Cities
| Longs | $285K | $299.8K | +5.2% |
| Little River | $344.9K | $354.8K | +2.9% |
| Conway | $290K | $294.2K | +1.5% |
| Myrtle Beach | $313.5K | $315.2K | 0.5% |
| Conway East | $334.1K | $330K | -1.2% |
Housing Supply in Conway East, SC
How many homes are available in Conway East, SC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,060 | 1,128 | +6.4% |
Summary: The Conway East real estate market had 1,128 homes for sale in March 2024, a 6.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 11 | 0.0% |
| 2 Bedrooms | 197 | 217 | +10.2% |
| 3 Bedrooms | 491 | 529 | +7.7% |
| 4 Bedrooms | 264 | 275 | +4.2% |
| 5+ Bedrooms | 97 | 96 | -1.0% |
Summary: The Conway East 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 10.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 170 | 185 | +8.8% |
Asking Price vs. Sold Price
132 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Conway East, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 185 homes were sold or pending in Conway East in March 2024, up by 8.8% month-over-month. Of the 185 sold homes, 71% were sold under asking, 22% were sold at asking, and 6% were sold over asking.
Days on Market for Conway East, SC
How long does it take to sell a home in Conway East, SC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 113 Days | 114 Days | +1.3% |
Summary: Homes in Conway East had an average of 114 days on market in Mar 2024, up by 1.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
83 Homes Were Sold
In 30 - 90 Days
95 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Conway East are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 185 homes were sold in Conway East; 4% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 51% of homes were sold over 90 days.
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