Is Payson, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Payson was a Seller's Market.
Housing Prices in Payson, AZ
How much do homes in Payson, AZ cost?
Median Sold Price
$475,000
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Payson was $475,000 in April 2024, up 4.4% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $298K | +6.4% |
2 Bedrooms | $345K | $350K | +1.4% |
3 Bedrooms | $465K | $485.5K | +4.4% |
4 Bedrooms | $669.4K | $715K | +6.8% |
5+ Bedrooms | $925.5K | $817.5K | -11.7% |
Summary: Payson housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 11.7%.
Housing Supply in Payson, AZ
How many homes are available in Payson, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
145 | 178 | +22.8% |
Summary: The Payson real estate market had 178 homes for sale in April 2024, a 22.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 7 | +75.0% |
2 Bedrooms | 31 | 35 | +12.9% |
3 Bedrooms | 67 | 84 | +25.4% |
4 Bedrooms | 37 | 45 | +21.6% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Payson housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 25.4%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 29 | +123.1% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Payson in April 2024, up by 123.1% month-over-month. Of the 29 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Payson, AZ
How long does it take to sell a home in Payson, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
85 Days | 81 Days | -4.8% |
Summary: Homes in Payson had an average of 81 days on market in Apr 2024, down by 4.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 29 homes were sold in Payson; 45% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.