$3,859 Closing Credit*
$325,000
1,600 SqFt
3 Beds
•2 Full Baths
Listing Office: EXP Realty LLC
Is Conway, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$295,261
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$773(+0.3%)
Key Takeaway
The sold price of homes in Conway has remained the same since last year.
Summary: The median home sold price in Conway was $295,261 in October 2024, up 0.3% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $119K | $127.6K | +7.2% |
| 2 Bedrooms | $165K | $162.5K | -1.5% |
| 3 Bedrooms | $276.6K | $280K | +1.2% |
| 4 Bedrooms | $350K | $355K | +1.4% |
| 5+ Bedrooms | $399.1K | $369.5K | -7.4% |
Summary: Conway housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 7.4%.
Median Sold Price Compared To Nearby Cities
| Conway | $294.4K | $295.2K | 0.3% |
| Conway East | $334.8K | $333.7K | -0.3% |
Housing Supply in Conway, SC
How many homes are available in Conway, SC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 629 | 608 | -3.3% |
Summary: The Conway real estate market had 608 homes for sale in October 2024, a 3.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 33 | 34 | +3.0% |
| 3 Bedrooms | 368 | 357 | -3.0% |
| 4 Bedrooms | 180 | 174 | -3.3% |
| 5+ Bedrooms | 45 | 40 | -11.1% |
Summary: The Conway housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 115 | 104 | -9.6% |
Asking Price vs. Sold Price
65 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Conway, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 104 homes were sold or pending in Conway in October 2024, down by 9.6% month-over-month. Of the 104 sold homes, 63% were sold under asking, 32% were sold at asking, and 6% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 103 Days | 131 Days | +27.6% |
Summary: Homes in Conway had an average of 131 days on market in Oct 2024, up by 27.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
59 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 October 2024, 104 homes were sold in Conway; 4% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.
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