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Friday, April 19, 2024

Paw Paw home prices rise in May 2019

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The median sale price of a home sold in May 2019 in Paw Paw rose by $109,000 while total sales remained unchanged with two homes sold, according to BlockShopper.com.

In May 2019, there were two homes sold, with a median sale price of $202,500 - a 116.6% increase over the $93,500 median sale price for the same period of the previous year. There were two homes sold in Paw Paw in May 2018, as well.

The median sales tax in Paw Paw for the most recent year with available data, 2017, was $2,820, approximately 1.4% of the median home sale price for May 2019.

The following table compares Paw Paw to other Lee County cities in May 2019:

CityMay 2019 Home SalesMay 2018 Home Sales% change (Total Home Sales)May 2019 Median Sales PriceMay 2018 Median Sales Price% change (Median Sales Price)
Paw Paw220%$202,500$93,500116.6%
Palmyra36-50%$165,000$275,000-40%
Compton20-$145,000$0-
Steward12-50%$125,000$198,500-37%
Dixon1627-40.7%$89,750$64,00040.2%
Amboy3250%$88,000$112,450-21.7%
Franklin Grove41300%$76,500$65,00017.7%
Nelson01-100%$0$33,000-100%
Sublette00-$0$0-
Ashton02-100%$0$117,000-100%
Lee00-$0$0-
West Brooklyn01-100%$0$255,000-100%
Harmon00-$0$0-
Nachusa00-$0$0-

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