Is Paw Paw Township, MI 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, Paw Paw Township has remained a Seller's Market.
Housing Prices in Paw Paw Township, MI
How much do homes in Paw Paw Township, MI cost?
Median Sold Price
$245,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Paw Paw Township was $245,000 in May 2024, up 7% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $211K | $252.5K | +19.7% |
2 Bedrooms | $152.5K | $195.5K | +28.2% |
3 Bedrooms | $220K | $225.5K | +2.5% |
4 Bedrooms | $326.9K | $306.2K | -6.3% |
5+ Bedrooms | $258.7K | $440K | +70.0% |
Summary: Paw Paw Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.7%, 2 bedroom homes increased by 28.2%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 70%.
Median Sold Price Compared To Nearby Cities
Paw Paw Township | $229K | $245K | +7.0% |
Paw Paw | $229K | $245K | +7.0% |
Antwerp Township | $287K | $295K | +2.8% |
Almena Township | $350K | $342.4K | -2.2% |
Waverly Township | $231.9K | $223.7K | -3.5% |
Housing Supply in Paw Paw Township, MI
How many homes are available in Paw Paw Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 44 | +37.5% |
Summary: The Paw Paw Township real estate market had 44 homes for sale in May 2024, a 37.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 12 | 16 | +33.3% |
4 Bedrooms | 15 | 18 | +20.0% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Paw Paw Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 11 | +57.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Paw Paw Township in May 2024, up by 57.1% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.
Days on Market for Paw Paw Township, MI
How long does it take to sell a home in Paw Paw Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 99 Days | +913.4% |
Summary: Homes in Paw Paw Township had an average of 99 days on market in May 2024, up by 913.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Paw Paw Township; 64% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.