$4,750 Closing Credit*
$400,000
3,084 SqFt
2 Beds
•2 Full Baths
Janet Lee Smith, Listing Office: NextHome Realty Select
Is Paw Paw, WV 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 was a Seller's Market.
Key Takeaway
Paw Paw 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, WV
How much do homes in Paw Paw, WV cost?
Median Sold Price
$249,950
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$79,950(+47.0%)
Key Takeaway
Homes in Paw Paw have sold for 47% more than they did a year ago.
Summary: The median home sold price in Paw Paw was $249,950 in October 2024, up 47% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50.5K | $206K | +307.9% |
| 2 Bedrooms | $200K | $255K | +27.5% |
| 3 Bedrooms | $162K | $209K | +29.0% |
| 4 Bedrooms | $400K | $450K | +12.5% |
| 5+ Bedrooms | - | $499.9K | N/A |
Summary: Paw Paw housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 307.9%, 2 bedroom homes increased by 27.5%, 3 bedroom homes increased by 29%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Paw Paw | $170K | $249.9K | +47.0% |
| Bloomery | $220K | $295K | +34.1% |
Housing Supply in Paw Paw, WV
How many homes are available in Paw Paw, WV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The Paw Paw real estate market had 14 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Paw Paw housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was 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. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Paw Paw in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 81 Days | +247.1% |
Summary: Homes in Paw Paw had an average of 81 days on market in Oct 2024, up by 247.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Paw Paw has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Paw Paw; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
