$249,900
51.08 Acres
Land
Diva L Bunting, Listing Office: Touchstone Realty, LLC
Is Paw Paw, WV 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 was a Seller's Market.
Key Takeaway
Paw Paw is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Paw Paw, WV
How much do homes in Paw Paw, WV cost?
Median Sold Price
$269,900
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$99,900(+58.8%)
Key Takeaway
Homes in Paw Paw have sold for 58.8% more than they did a year ago.
Summary: The median home sold price in Paw Paw was $269,900 in November 2024, up 58.8% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $69K | $222.9K | +223.1% |
| 2 Bedrooms | $200K | $255K | +27.5% |
| 3 Bedrooms | $162K | $234.5K | +44.8% |
| 4 Bedrooms | $307.5K | $674.9K | +119.5% |
| 5+ Bedrooms | - | $499.9K | N/A |
Summary: Paw Paw housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 223.1%, 2 bedroom homes increased by 27.5%, 3 bedroom homes increased by 44.8%, 4 bedroom homes increased by 119.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Paw Paw | $170K | $269.9K | +58.8% |
| Bloomery | $220K | $289.5K | +31.6% |
Housing Supply in Paw Paw, WV
How many homes are available in Paw Paw, WV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Summary: The Paw Paw real estate market had 12 homes for sale in November 2024, a 14.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Paw Paw 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Paw Paw, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Paw Paw in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Paw Paw, WV
How long does it take to sell a home in Paw Paw, WV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 107 Days | +239.7% |
Summary: Homes in Paw Paw had an average of 107 days on market in Nov 2024, up by 239.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Paw Paw are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in Paw Paw; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
