Is Conway East, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Conway East has remained a Seller's Market.
Key Takeaway
Conway East is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Conway East, SC
How much do homes in Conway East, SC cost?
Median Sold Price
$333,984
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Conway East have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Conway East was $333,984 in May 2024, down 1.8% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $130K | -3.7% |
| 2 Bedrooms | $218.7K | $215K | -1.7% |
| 3 Bedrooms | $317.4K | $315K | -0.8% |
| 4 Bedrooms | $470.7K | $454K | -3.6% |
| 5+ Bedrooms | $502.7K | $528.9K | +5.2% |
Summary: Conway East housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Little River | $349.9K | $358.5K | +2.5% |
| Longs | $295K | $300K | +1.7% |
| Myrtle Beach | $315.2K | $319.5K | +1.3% |
| Conway | $294K | $294.9K | 0.3% |
| Conway East | $340.1K | $333.9K | -1.8% |
Housing Supply in Conway East, SC
How many homes are available in Conway East, SC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,259 | 1,327 | +5.4% |
Summary: The Conway East real estate market had 1,327 homes for sale in May 2024, a 5.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 16 | +23.1% |
| 2 Bedrooms | 236 | 254 | +7.6% |
| 3 Bedrooms | 591 | 610 | +3.2% |
| 4 Bedrooms | 314 | 340 | +8.3% |
| 5+ Bedrooms | 105 | 107 | +1.9% |
Summary: The Conway East housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 1.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 219 | 224 | +2.3% |
Asking Price vs. Sold Price
155 Homes Were Sold
Under Asking
55 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Conway East, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 224 homes were sold or pending in Conway East in May 2024, up by 2.3% month-over-month. Of the 224 sold homes, 69% were sold under asking, 25% were sold at asking, and 6% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 108 Days | 110 Days | +1.4% |
Summary: Homes in Conway East had an average of 110 days on market in May 2024, up by 1.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
106 Homes Were Sold
In 30 - 90 Days
106 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Conway East has remained consistent over time.
Summary: During May 2024, 224 homes were sold in Conway East; 5% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.
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