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
Zip | Median Est. Value |
---|---|
49079 | $ 247,500 $ 168/sqft |
Housing Market Summary for Paw Paw, MI
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $299.9K | $234.2K | -21.90% |
Median Sold Price | $205K | $234.2K | 14.25% |
Homes For Sale | 11 | 21 | 90.91% |
Homes Sold | 214 | 168 | -21.50% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Paw Paw, MI
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.
- Pre-ForeclosurePre-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 OwnedThe 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.
- Auctions49079 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.
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Guide for Paw Paw, MI
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.
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.
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