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Featured local agent — Paw Paw, IL
Sarah Mitchell
Compass Real Estate · Paw Paw, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Paw Paw, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$213,250median sale price
How is the Paw Paw, IL housing market right now?
The median home sale price in Paw Paw, IL is $213,250, down 16.4% year-over-year. Homes sell in an average of 116 days with 5 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Paw Paw a buyer's or seller's market?
Paw Paw, IL is currently a balanced market, based on 2.5 months of supply and homes selling in about 116 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
116
Average pace
Active listings
5
2.5 months supply
Sale-to-list
97.0%
Below asking
What does the Paw Paw housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $213,250 |
| Median list price | $230,000 |
| Year-over-year price change | -16.4% |
| Average days on market | 116 days |
| Active inventory | 5 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 97.0% |
| Median price per sq ft | $139/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 5 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Paw Paw by property type?
How the Paw Paw, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $213,250 | $139/sq ft | 2 | 116 days |
Source: Redfin · Updated monthly
The Paw Paw housing market is currently classified as a balanced market with a median sale price of $213,250. Prices have fallen 16.4% compared to last year, with homes spending an average of 116 days on market, indicating 2.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.8x provides context for how home values compare to local earning capacity.
Homes for sale in Paw Paw
There are currently 5 homes listed for sale in Paw Paw, Illinois. The median listing price is $230K.
Active listings
5
Homes on market
Median list price
$230K
Avg. days on market
116
Days until sale
New this week
5
Newly listed
Who lives in Paw Paw?
Population
911
Median income
$63,833/yr
Median age
36.6 years
Owner-occupied
71.2%
College grads
12.7%
Avg commute
38.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Paw Paw?
Zillow home value
$243,542
Price-to-income
3.8x
Source: Zillow Research
What is it like to live in Paw Paw?
Paw Paw is a community of approximately 1K residents with a median age of 36.6 years.The median household income is $63,833, which represents a working-class community with solid middle-income opportunities. 12.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 71.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 38.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Paw Paw offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Paw Paw?
2 schools tracked · 127 students
The largest public schools serving Paw Paw, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Paw Paw Elem School
Grades K-5 · 99 students
Paw Paw Junior High School
Grades 6-8 · 28 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Paw Paw, IL?
Want a head-to-head view? Compare Paw Paw side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Paw Paw?
The median home sale price in Paw Paw is $213,250, down 16.4% from last year.
How long do homes stay on market in Paw Paw?
Homes typically spend 116 days on market before going under contract.
What is the median income in Paw Paw?
The median household income is $63,833 per year.
Is Paw Paw a buyer's or seller's market?
With 2.5 months of supply, Paw Paw is currently a balanced market.
What is the Zillow home value estimate for Paw Paw?
The Zillow Home Value Index (ZHVI) for Paw Paw is $243,542, representing the typical home value in the area.
How much does a single-family home cost in Paw Paw?
The median single-family home price in Paw Paw, IL is $213,250 (about $139 per square foot).
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