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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Conway East is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Conway East was a Seller's Market.

Key Takeaway

Conway East is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Conway East, SC

How much do homes in Conway East, SC cost?

Median Sold Price

$330,678

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$1,417(-0.4%)

Key Takeaway

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

Summary: The median home sold price in Conway East was $330,678 in February 2024, down 0.4% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $130K$132.5K
+1.9%
2 $211.1K$216.5K
+2.6%
3 $314.9K$311.4K
-1.1%
4 $466.9K$457.4K
-2.0%
5+ $553.6K$515K
-7.0%

Summary: Conway East housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 2.6%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 7%.

Median Sold Price Compared To Nearby Cities

Longs
+3.5%
Little River
+2.6%
Myrtle Beach
+2.4%
Conway
+1.4%
Conway East
-0.4%

Housing Supply in Conway East, SC

How many homes are available in Conway East, SC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
9391,055+12.4%

Summary: The Conway East real estate market had 1,055 homes for sale in February 2024, a 12.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 811
+37.5%
2 168196
+16.7%
3 424491
+15.8%
4 241257
+6.6%
5+ 98100
+2.0%

Summary: The Conway East housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 2%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
134150+11.9%

Asking Price vs. Sold Price

112 Homes Were Sold
Under Asking

32 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Conway East, you may be able to get a good deal. 74.7% of homes here sold below asking price last month.

Summary: A total of 150 homes were sold or pending in Conway East in February 2024, up by 11.9% month-over-month. Of the 150 sold homes, 75% were sold under asking, 21% were sold at asking, and 4% 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

Feb 2023Feb 2024CHANGE
112 Days108 Days-3.5%

Summary: Homes in Conway East had an average of 108 days on market in Feb 2024, down by 3.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

61 Homes Were Sold
In 30 - 90 Days

84 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

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 February 2024, 150 homes were sold in Conway East; 3% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 56% 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 18 Days Ago

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