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Featured local agent — Payne Springs, TX
Sarah Mitchell
Compass Real Estate · Payne Springs, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Payne Springs, TX Housing Market & Real Estate
Housing market overview · Updated monthly ·
$225,000median sale price
How is the Payne Springs, TX housing market right now?
The median home sale price in Payne Springs, TX is $225,000, down 8.8% year-over-year. Homes sell in an average of 211 days with 12 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 Payne Springs a buyer's or seller's market?
Payne Springs, TX is currently a leaning buyer's, based on 4.0 months of supply and homes selling in about 211 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
211
Average pace
Active listings
12
4.0 months supply
Sale-to-list
98.0%
Below asking
What does the Payne Springs housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $225,000 |
| Median list price | $649,925 |
| Year-over-year price change | -8.8% |
| Average days on market | 211 days |
| Active inventory | 12 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 98.0% |
| Median price per sq ft | $139/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 2 |
| Listings with a price cut | 41.7% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Payne Springs by property type?
How the Payne Springs, TX market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $225,000 | $139/sq ft | 3 | 211 days |
Source: Redfin · Updated monthly
The Payne Springs housing market is currently classified as a leaning buyer's with a median sale price of $225,000. Prices have fallen 8.8% compared to last year, with homes spending an average of 211 days on market, indicating 4.0 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 6.8x provides context for how home values compare to local earning capacity.
Homes for sale in Payne Springs
There are currently 12 homes listed for sale in Payne Springs, Texas. The median listing price is $650K.
Active listings
12
Homes on market
Median list price
$650K
Avg. days on market
211
Days until sale
New this week
2
Newly listed
Who lives in Payne Springs?
Population
648
Median income
$42,841/yr
Median age
46.7 years
Owner-occupied
74.2%
College grads
15.0%
Avg commute
30.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Payne Springs?
Zillow home value
$290,491
Price-to-income
6.8x
Source: Zillow Research
What is it like to live in Payne Springs?
Payne Springs is a community of approximately 1K residents with a median age of 46.7 years.The median household income is $42,841, which represents a working-class community with solid middle-income opportunities. 15.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 74.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 30.7 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Payne Springs offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Payne Springs, TX?
Want a head-to-head view? Compare Payne Springs side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Payne Springs?
The median home sale price in Payne Springs is $225,000, down 8.8% from last year.
How long do homes stay on market in Payne Springs?
Homes typically spend 211 days on market before going under contract.
What is the median income in Payne Springs?
The median household income is $42,841 per year.
Is Payne Springs a buyer's or seller's market?
With 4.0 months of supply, Payne Springs is currently a leaning buyer's.
What is the Zillow home value estimate for Payne Springs?
The Zillow Home Value Index (ZHVI) for Payne Springs is $290,491, representing the typical home value in the area.
How much does a single-family home cost in Payne Springs?
The median single-family home price in Payne Springs, TX is $225,000 (about $139 per square foot).
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