Is Paw Paw, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Paw Paw has remained a Buyer'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
$175,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Paw Paw have sold for 16.7% more than they did a year ago.
Summary: The median home sold price in Paw Paw was $175,000 in March 2024, up 16.7% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $148K | $117K | -20.9% |
| 2 Bedrooms | $146K | $180K | +23.3% |
| 3 Bedrooms | $161.5K | $170K | +5.3% |
| 4 Bedrooms | $458K | $400K | -12.7% |
| 5+ Bedrooms | $585K | - | N/A |
Summary: Paw Paw housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.9%, 2 bedroom homes increased by 23.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 12.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Paw Paw | $142K | $170K | +19.7% |
| Paw Paw | $150K | $175K | +16.7% |
| Bloomery | $275K | $225K | -18.2% |
Housing Supply in Paw Paw, WV
How many homes are available in Paw Paw, WV?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 22 | 0.0% |
Summary: The Paw Paw real estate market had 22 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Paw Paw housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
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 March 2024, down by 66.7% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 224 Days | 16 Days | -92.9% |
Summary: Homes in Paw Paw had an average of 16 days on market in Mar 2024, down by 92.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were 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 March 2024, 1 homes were sold in Paw Paw; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
