Is Conway East, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Conway East was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $132.5K | +1.9% |
2 Bedrooms | $211.1K | $216.5K | +2.6% |
3 Bedrooms | $314.9K | $311.4K | -1.1% |
4 Bedrooms | $466.9K | $457.4K | -2.0% |
5+ Bedrooms | $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 | $284.9K | $295K | +3.5% |
Little River | $344.9K | $354K | +2.6% |
Myrtle Beach | $307.9K | $315.2K | +2.4% |
Conway | $289.9K | $293.9K | +1.4% |
Conway East | $332K | $330.6K | -0.4% |
Housing Supply in Conway East, SC
How many homes are available in Conway East, SC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
939 | 1,055 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 11 | +37.5% |
2 Bedrooms | 168 | 196 | +16.7% |
3 Bedrooms | 424 | 491 | +15.8% |
4 Bedrooms | 241 | 257 | +6.6% |
5+ Bedrooms | 98 | 100 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
134 | 150 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
112 Days | 108 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
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.