Is Paw Paw, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$180,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Paw Paw have sold for 3.5% less than they did a year ago.
Summary: The median home sold price in Paw Paw was $180,000 in May 2024, down 3.5% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $70K | N/A |
| 2 Bedrooms | $202.5K | $175K | -13.6% |
| 3 Bedrooms | $170K | $195K | +14.7% |
| 4 Bedrooms | $591.5K | $215K | -63.7% |
| 5+ Bedrooms | $585K | $514.9K | -12.0% |
Summary: Paw Paw housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.6%, 3 bedroom homes increased by 14.7%, 4 bedroom homes decreased by 63.7%, and 5+ bedroom homes decreased by 12%.
Median Sold Price Compared To Nearby Cities
| Paw Paw | $150K | $180K | +20.0% |
| Paw Paw | $186.5K | $180K | -3.5% |
| Bloomery | $238.5K | $228.5K | -4.2% |
Housing Supply in Paw Paw, WV
How many homes are available in Paw Paw, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Summary: The Paw Paw real estate market had 19 homes for sale in May 2024, a 18.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Paw Paw housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
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 May 2024, the same as the previous 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 18 Days | -34.1% |
Summary: Homes in Paw Paw had an average of 18 days on market in May 2024, down by 34.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Paw Paw are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Paw Paw; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
