$24,988
0.19 Acres
Land
Shannon Storino, Listing Office: Mitten Shores Real Estate, 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 October 2023
At the same time last year, Paw Paw Township was a Neutral Market.
Key Takeaway
Paw Paw Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Paw Paw Township, MI
How much do homes in Paw Paw Township, MI cost?
Median Sold Price
$270,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$48,050(+21.6%)
Key Takeaway
Homes in Paw Paw Township have sold for 21.6% more than they did a year ago.
Summary: The median home sold price in Paw Paw Township was $270,000 in October 2024, up 21.6% 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 | $305K | $200K | -34.4% |
| 2 Bedrooms | $155K | $210K | +35.5% |
| 3 Bedrooms | $217.5K | $270K | +24.1% |
| 4 Bedrooms | $305.5K | $295.2K | -3.4% |
| 5+ Bedrooms | $226.2K | $434.9K | +92.3% |
Summary: Paw Paw Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.4%, 2 bedroom homes increased by 35.5%, 3 bedroom homes increased by 24.1%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 92.3%.
Median Sold Price Compared To Nearby Cities
| Paw Paw | $220K | $271K | +23.2% |
| Paw Paw Township | $221.9K | $270K | +21.6% |
| Antwerp Township | $285K | $297K | +4.2% |
| Almena Township | $349.9K | $346.5K | -1.0% |
Housing Supply in Paw Paw Township, MI
How many homes are available in Paw Paw Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 | 58 | +11.5% |
Summary: The Paw Paw Township real estate market had 58 homes for sale in October 2024, a 11.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 22 | 22 | 0.0% |
| 4 Bedrooms | 21 | 25 | +19.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Paw Paw Township 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 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. 52.9% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Paw Paw Township in October 2024, up by 30.8% month-over-month. Of the 17 sold homes, 53% were sold under asking, 24% were sold at asking, and 24% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 33 Days | +39.1% |
Summary: Homes in Paw Paw Township had an average of 33 days on market in Oct 2024, up by 39.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was 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 October 2024, 17 homes were sold in Paw Paw Township; 59% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.