$2,791 Closing Credit*
$235,000
1,505 SqFt
3 Beds
•1 Full Bath
Rick Zuiderveen, Listing Office: Zuiderveen, REALTORS LLC
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 November 2023
At the same time last year, Paw Paw Township was a Seller's Market.
Key Takeaway
Paw Paw Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Paw Paw Township, MI
How much do homes in Paw Paw Township, MI cost?
Median Sold Price
$270,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,250(+20.1%)
Key Takeaway
Homes in Paw Paw Township have sold for 20.1% more than they did a year ago.
Summary: The median home sold price in Paw Paw Township was $270,000 in November 2024, up 20.1% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $200K | -34.4% |
| 2 Bedrooms | $152.5K | $203K | +33.1% |
| 3 Bedrooms | $215K | $269.5K | +25.3% |
| 4 Bedrooms | $302.5K | $295.2K | -2.4% |
| 5+ Bedrooms | $226.2K | $434.9K | +92.3% |
Summary: Paw Paw Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.4%, 2 bedroom homes increased by 33.1%, 3 bedroom homes increased by 25.3%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 92.3%.
Median Sold Price Compared To Nearby Cities
| Paw Paw | $224.5K | $270K | +20.3% |
| Paw Paw Township | $224.7K | $270K | +20.1% |
| Antwerp Township | $284.9K | $300K | +5.3% |
| Almena Township | $339.9K | $346.5K | +1.9% |
Housing Supply in Paw Paw Township, MI
How many homes are available in Paw Paw Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 59 | 48 | -18.6% |
Summary: The Paw Paw Township real estate market had 48 homes for sale in November 2024, a 18.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 24 | 17 | -29.2% |
| 4 Bedrooms | 24 | 23 | -4.2% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Paw Paw Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 29.2%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 8 | -57.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Paw Paw Township, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Paw Paw Township in November 2024, down by 57.9% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 24 Days | -35.9% |
Summary: Homes in Paw Paw Township had an average of 24 days on market in Nov 2024, down by 35.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Paw Paw Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Paw Paw Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
