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Monday, November 25, 2024

Paw Paw home prices rise in September 2018

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The median sale price of a home sold in September 2018 in Paw Paw rose by $38,000 while total sales increased by 25%, according to BlockShopper.com.

In September 2018, there were five homes sold, with a median sale price of $135,000 - a 39.2% increase over the $97,000 median sale price for the same period of the previous year. There were four homes sold in Paw Paw in September 2017.

The median sales tax in Paw Paw for the most recent year with available data, 2017, was $2,820, approximately 2.1% of the median home sale price for September 2018.

The following table compares Paw Paw to other Lee County cities in September 2018:

CitySept. 2018 Home SalesSept. 2017 Home Sales% change (Total Home Sales)Sept. 2018 Median Sales PriceSept. 2017 Median Sales Price% change (Median Sales Price)
Palmyra25-60%$272,000$133,200104.2%
Nachusa110%$198,000$40,000395%
Paw Paw5425%$135,000$97,00039.2%
Nelson110%$129,900$23,000464.8%
Sublette30-$118,000$0-
Amboy56-16.7%$96,000$28,751233.9%
Dixon382552%$85,200$94,000-9.4%
Franklin Grove50-$84,500$0-
Ashton330%$55,000$51,0007.8%
Compton20-$44,500$0-
Lee00-$0$0-
West Brooklyn00-$0$0-
Harmon01-100%$0$5,000-100%
Steward02-100%$0$686,000-100%

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