Payson Housing Market Report May 2025Gila County, Arizona

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Housing Prices in Payson, AZ

How much do homes in Payson, AZ cost?

Housing Market Conditions

Is Payson, AZ a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Payson is a Buyer's Market

Difference Since May 2024

At the same time last year, Payson was a Seller's Market.

Insight

Payson is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$491,666$296/SqFt
+$19,216
+4.1%

Based on all homes sold in the last 12 months

Insight

Homes in Payson have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Payson was $491,666 in May 2025, up 4.1% from last year, and the median price per square foot was $296.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Star Valley
+19.9%
Payson
+4.1%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1$278.5K$270K
-3.1%
2$347K$373.5K
+7.6%
3$475K$509K
+7.2%
4$747.5K$863.3K
+15.5%
5$920K$1.3M
+44.3%

Summary: Payson housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -3.1%. The home price for 2 bedroom homes increased by +7.6%. The home price for 3 bedroom homes increased by +7.2%. The home price for 4 bedroom homes increased by +15.5%. The home price for 5 bedroom homes increased by +44.3%.

How does Payson, AZ compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Payson, AZ

Housing supply in Payson, AZ

How many homes are available in Payson, AZ?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
269Last MonthMay 2025
2442 months agoApr 2025
+10.2 %
Change MoMApr – May

Summary: The Payson real estate market had 269 homes for sale in May 2025, a 10.2 % increase compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
28Last MonthMay 2025
272 months agoApr 2025
+3.7 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
145
+25.0%
25559
+7.3%
3124138
+11.3%
44650
+8.7%
51517
+13.3%

Summary: Payson housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +25.0%. The inventory for 2 bedroom homes increased by +7.3%. The inventory for 3 bedroom homes increased by +11.3%. The inventory for 4 bedroom homes increased by +8.7%. The inventory for 5 bedroom homes increased by +13.3%.

Asking Price vs. Sold Price

How much do homes in Payson, AZ cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price6 Homes

Under Asking Price20 Homes

Insight

If you're buying a home in Payson, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in Payson in May 2025, up by 3.7% month-over-month. Of the 28 sold homes, 71% were sold under asking, 21% were sold at asking, and and 7% were sold over asking.

Days on Market for Payson, AZ

How long does it take to sell a home in Payson, AZ?

Breakdown of Home Sale Times

Under 30 Days7 Homes

30 – 90 Days13 Homes

Over 90 Days8 Homes

Insight

Avg time on Rocket Homes in Payson has remained consistent over time.

Summary: During May 2025, 28 homes were sold in Payson; 25% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
84 DaysThis YearMay 2025
67 Days1 year agoMay 2024
+25.5 %
Change YoYMay 2024 – May 2025

Summary: Homes in Payson had an average listing age of 84 days in May 2025, up by 25.5% compared to the previous year.

Newest Listings in Payson, AZ

What homes are available in Payson, AZ?

Nearby markets

Nearby markets aren't available for Payson, AZ

MLS Disclaimers and Copyright

Based on information from Arizona Regional MLS, White Mountain MLS, Northern Arizona Multiple Listing Service, California Regional MLS, and Prescott Area MLS for the period 06/01/2023 - 06/01/2025

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Last updated on: 6/25/2025, 5:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 6/25/2025, 5:45:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/25/2025, 5:45:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/25/2025, 5:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Prescott Area Association Of Realtors, Inc. Listings on this page identified as belonging to another listing firm are based upon data obtained from the PAAR MLS, which data is copyrighted by the Prescott Area Association of REALTORS® but is not warranted. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2025 Prescott Area Association Of Realtors, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/25/2025, 5:45:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.