Is Conway, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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, SC
How much do homes in Conway, SC cost?
Median Sold Price
$294,990
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Conway have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Conway was $294,990 in April 2024, up 1.7% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145.5K | $120K | -17.5% |
| 2 Bedrooms | $161K | $160K | -0.6% |
| 3 Bedrooms | $275K | $280K | +1.8% |
| 4 Bedrooms | $370.2K | $355K | -4.1% |
| 5+ Bedrooms | $389.5K | $388.7K | -0.2% |
Summary: Conway housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.5%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Cities
| Conway | $290K | $294.9K | +1.7% |
| Conway East | $334.8K | $332.8K | -0.6% |
Housing Supply in Conway, SC
How many homes are available in Conway, SC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 597 | 617 | +3.4% |
Summary: The Conway real estate market had 617 homes for sale in April 2024, a 3.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 36 | 34 | -5.6% |
| 3 Bedrooms | 363 | 373 | +2.8% |
| 4 Bedrooms | 154 | 162 | +5.2% |
| 5+ Bedrooms | 42 | 45 | +7.1% |
Summary: The Conway housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 99 | 111 | +12.1% |
Asking Price vs. Sold Price
74 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
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 111 homes were sold or pending in Conway in April 2024, up by 12.1% month-over-month. Of the 111 sold homes, 67% were sold under asking, 24% were sold at asking, and 9% were sold over asking.
Days on Market for Conway, SC
How long does it take to sell a home in Conway, SC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 119 Days | 113 Days | -5.4% |
Summary: Homes in Conway had an average of 113 days on market in Apr 2024, down by 5.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
43 Homes Were Sold
In 30 - 90 Days
60 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Conway are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 111 homes were sold in Conway; 6% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 54% of homes were sold over 90 days.
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