Is Conway, WA 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 May 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, WA

How much do homes in Conway, WA cost?

Median Sold Price

$994,950

$349/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$255,000(+34.5%)

Key Takeaway

Homes in Conway have sold for 34.5% more than they did a year ago.

Summary: The median home sold price in Conway was $994,950 in May 2024, up 34.5% from last year, and the median price per square foot was $349.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $2.1M$530K
-75.3%
2 $415K$665K
+60.2%
3 $665K$994.9K
+49.6%
4 $1.0M$1.0M
-4.5%
5+ $2.3M$1.0M
-54.0%

Summary: Conway housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75.3%, 2 bedroom homes increased by 60.2%, 3 bedroom homes increased by 49.6%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 54%.

Median Sold Price Compared To Nearby Cities

Conway
+34.5%
Mount Vernon
+9.5%
Lake Cavanaugh
+6.9%

Housing Supply in Conway, WA

How many homes are available in Conway, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
710+42.9%

Summary: The Conway real estate market had 10 homes for sale in May 2024, a 42.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 34
+33.3%
4 45
+25.0%
5+ 00
0.0%

Summary: The Conway housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Conway in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Conway, WA

How long does it take to sell a home in Conway, WA?

Average Sale Time

May 2023May 2024CHANGE
36 Days69 Days+89.6%

Summary: Homes in Conway had an average of 69 days on market in May 2024, up by 89.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Conway are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 3 homes were sold in Conway; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 20 Days Ago

Newest Listings in Conway, WA

Nearby Markets to Conway, WA

What housing markets are near Conway, WA?