Paw Paw, MI Home Values & Market Trends

Real estate market trends reflect that there have been 215 transactions over the past year in Paw Paw. The median value for residential home transactions that occurred over the previous year is $248,922.66. The number of current listings in Paw Paw is 15, and the percentage of properties for sale in the city is 15.00%. Paw Paw, MI currently has 5 properties in foreclosure, 1 bank owned properties, 4 properties headed for auction, and 15 properties for sale.

Paw Paw, MI Real Estate Market Overview

ZipMedian Est. Value
49079

$ 247,500

$ 168/sqft

Housing Market Summary for Paw Paw, MI

Mar 2023February 2024Change
Median Listing Price$299.9K$234.2K-21.90%
Median Sold Price$205K$234.2K14.25%
Homes For Sale112190.91%
Homes Sold214168-21.50%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Paw Paw, MI

Paw Paw home values range from $24,195 to $2,248,876. The median estimated value of a home in Paw Paw is $248,922.66. The median list price of a home is 245,000, and the total count of properties in the city is 5,270.

Foreclosure
There is 1 zips within Paw Paw, MI; within this zips, the median estimated home value for homes in foreclosure ranges from $304,838 in 49079 to the lowest value of $168,525 in 49079. Foreclosure homes account for 0.00% of properties in Paw Paw, MI with 49079 containing 5 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Paw Paw, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Paw Paw, MI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Paw Paw, MI ranges from the highest value of $224,172 in 49079 to the lowest value of $224,172 in 49079. Bank owned homes and properties account for 0.02% of properties in Paw Paw, MI. There is 1 zips within Paw Paw, MI; 49079 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    49079 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Paw Paw, MI. Auction homes and other auction properties account for 0.08% of all properties in Paw Paw, MI. There is 1 zips within Paw Paw, MI; of that zips, the median estimated home value for homes going to auction ranges from $304,838 in 49079 to the lowest value of $168,525 in 49079.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.28% of residential properties in Paw Paw, MI with 49079 containing 15 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Paw Paw, MI; homes for sale in that zips, have a range of median values from $460,000 in 49079 to the lowest value of $148,041 in 49079.
    Sold Homes
    The median value for recently sold homes ranges from $1,160,058 in 49079 to the lowest price of $43,991 in 49079. There is 1 zips within Paw Paw, MI. 49079 has 158 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.00% of properties in Paw Paw, MI.

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      Guide for Paw Paw, MI

      RealtyTrac Market Report
      Michigan
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan
      Detroit Real Estate Market Holds Steady: 2023 in Review
      Investment Guides
      Why Buying a Foreclosure is a Smart Move
      Wholesale
      4 Tips on How To Buy a House Wholesale
      See More Articles
      RealtyTrac Market Report
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan|posted 8 December 2023

      Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.

      Detroit Real Estate Market Holds Steady: 2023 in Review
      Michigan|posted 25 January 2024

      The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.

      Why Buying a Foreclosure is a Smart Move
      Investment Guides|posted 15 November 2017

      Why Buying a Foreclosure is a Smart Move

      4 Tips on How To Buy a House Wholesale
      Wholesale|posted 8 March 2024

      Looking to buy a house wholesale? Discover 4 essential tips to navigate the wholesale real estate market successfully.

      Recently Listed Homes Paw Paw, MI

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