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Featured local agent — Payson, IL
Sarah Mitchell
Compass Real Estate · Payson, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Payson, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$37,000median sale price
How is the Payson, IL housing market right now?
The median home sale price in Payson, IL is $37,000, down 64.1% year-over-year. Homes sell in an average of 64 days with 3 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 Payson a buyer's or seller's market?
Payson, IL is currently a leaning buyer's, based on 3.0 months of supply and homes selling in about 64 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
64
Average pace
Active listings
3
3.0 months supply
Sale-to-list
92.5%
Below asking
What does the Payson housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $37,000 |
| Year-over-year price change | -64.1% |
| Average days on market | 64 days |
| Active inventory | 3 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 92.5% |
| Median price per sq ft | $21/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Payson by property type?
How the Payson, 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 | $37,000 | $21/sq ft | 1 | 64 days |
Source: Redfin · Updated monthly
The Payson housing market is currently classified as a leaning buyer's with a median sale price of $37,000. Prices have fallen 64.1% compared to last year, with homes spending an average of 64 days on market, indicating 3.0 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 2.5x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Payson
There are currently 3 homes listed for sale in Payson, Illinois.
Active listings
3
Homes on market
Avg. days on market
64
Days until sale
Who lives in Payson?
Population
1,030
Median income
$62,262/yr
Median age
34.9 years
Owner-occupied
84.1%
College grads
19.1%
Avg commute
24.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Payson?
Zillow home value
$156,099
Price-to-income
2.5x
Source: Zillow Research
What is it like to live in Payson?
Payson is a community of approximately 1K residents with a median age of 34.9 years.The median household income is $62,262, which represents a working-class community with solid middle-income opportunities. 19.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 84.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Payson offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Payson?
2 schools tracked · 479 students
The largest public schools serving Payson, 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.
Seymour Elementary School
Grades PK-6 · 250 students
Seymour High School
Grades 7-12 · 229 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 Payson, IL?
Want a head-to-head view? Compare Payson side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Payson?
The median home sale price in Payson is $37,000, down 64.1% from last year.
How long do homes stay on market in Payson?
Homes typically spend 64 days on market before going under contract.
What is the median income in Payson?
The median household income is $62,262 per year.
Is Payson a buyer's or seller's market?
With 3.0 months of supply, Payson is currently a leaning buyer's.
What is the Zillow home value estimate for Payson?
The Zillow Home Value Index (ZHVI) for Payson is $156,099, representing the typical home value in the area.
How much does a single-family home cost in Payson?
The median single-family home price in Payson, IL is $37,000 (about $21 per square foot).
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