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Featured local agent — Paw Paw Lake, MI
Sarah Mitchell
Compass Real Estate · Paw Paw Lake, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Paw Paw Lake, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$380,000median sale price
How is the Paw Paw Lake, MI housing market right now?
The median home sale price in Paw Paw Lake, MI is $380,000, up 51.8% year-over-year. Homes sell in an average of 14 days with 27 active listings. The market is currently a leaning buyer's. (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 Lake a buyer's or seller's market?
Paw Paw Lake, MI is currently a leaning buyer's, based on 5.4 months of supply and homes selling in about 14 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
14
Fast-moving
Active listings
27
5.4 months supply
Sale-to-list
98.8%
Below asking
What does the Paw Paw Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $380,000 |
| Median list price | $810,000 |
| Year-over-year price change | +51.8% |
| Average days on market | 14 days |
| Active inventory | 27 listings |
| Months of supply | 5.4 months |
| Sale-to-list price ratio | 98.8% |
| Median price per sq ft | $213/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 13 |
| Listings with a price cut | 22.2% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Paw Paw Lake by property type?
How the Paw Paw Lake, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $455,000 | $272/sq ft | 4 | 28 days |
| Condo / Co-op | $510,000 | $217/sq ft | 1 | 24 days |
Source: Redfin · Updated monthly
The Paw Paw Lake housing market is currently classified as a leaning buyer's with a median sale price of $380,000. Prices have risen 51.8% compared to last year, with homes spending an average of 14 days on market, indicating 5.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Paw Paw Lake
There are currently 27 homes listed for sale in Paw Paw Lake, Michigan. The median listing price is $810K.
Active listings
27
Homes on market
Median list price
$810K
Avg. days on market
14
Days until sale
New this week
13
Newly listed
Who lives in Paw Paw Lake?
Population
3,794
Median income
$65,360/yr
Median age
40.2 years
Owner-occupied
73.1%
College grads
28.4%
Avg commute
31.6 min
Source: U.S. Census Bureau ACS
What is it like to live in Paw Paw Lake?
Paw Paw Lake is a community of approximately 4K residents with a median age of 40.2 years.The median household income is $65,360, which represents a working-class community with solid middle-income opportunities. 28.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 73.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 31.6 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Paw Paw Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Paw Paw Lake, MI?
Want a head-to-head view? Compare Paw Paw Lake 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 Lake?
The median home sale price in Paw Paw Lake is $380,000, up 51.8% from last year.
How long do homes stay on market in Paw Paw Lake?
Homes typically spend 14 days on market before going under contract.
What is the median income in Paw Paw Lake?
The median household income is $65,360 per year.
Is Paw Paw Lake a buyer's or seller's market?
With 5.4 months of supply, Paw Paw Lake is currently a leaning buyer's.
What is the median condo price in Paw Paw Lake?
The median condo/co-op sale price in Paw Paw Lake, MI is $510,000, compared to $455,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Paw Paw Lake?
The median single-family home price in Paw Paw Lake, MI is $455,000 (about $272 per square foot).
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