Is Conway, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$965,000
$353/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Conway have sold for 31.3% more than they did a year ago.
Summary: The median home sold price in Conway was $965,000 in March 2024, up 31.3% from last year, and the median price per square foot was $353.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $2.1M | $530K | -75.3% |
| 2 Bedrooms | $431.5K | $548.5K | +27.1% |
| 3 Bedrooms | $665K | $975K | +46.6% |
| 4 Bedrooms | $875K | $1.1M | +28.6% |
| 5+ Bedrooms | $2.3M | $1.0M | -54.0% |
Summary: Conway housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75.3%, 2 bedroom homes increased by 27.1%, 3 bedroom homes increased by 46.6%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 54%.
Median Sold Price Compared To Nearby Cities
| Conway | $734.9K | $965K | +31.3% |
| Mount Vernon | $510K | $553K | +8.4% |
Housing Supply in Conway, WA
How many homes are available in Conway, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Summary: The Conway real estate market had 8 homes for sale in March 2024, a 38.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Conway 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 remained the same, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 2 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Conway, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Conway in March 2024, down by 75.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 74 Days | 32 Days | -57.2% |
Summary: Homes in Conway had an average of 32 days on market in Mar 2024, down by 57.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Conway are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Conway; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.