Is Payson, IL 62360 a buyer’s or seller’s market?
Payson is a seller’s market. With about 1.1 months of supply and 17% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Payson housing market right now
In the three months ending August 31, 2026, 17% of homes in Payson, IL 62360 sold above their list price, the typical home went under contract in 55 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (52 days then) and the median sale price rose 43% to $192,167. Overall, Payson is more competitive than a year ago, so tougher for buyers.
Within Adams County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 55%.
Nearby, buyers who want less competition could look at Loraine 62349 (0% sold over asking) or Liberty 62347 (0% sold over asking), while Coatsburg 62325 (33% sold over asking) and Mendon 62351 (33% sold over asking) are even more competitive.
Run the numbers for 62360
Nearby markets
Camp Point 62320Seller’s market $138 /sq ftClayton 62324Buyer’s market $57 /sq ftCoatsburg 62325 $102 /sq ftFowler 62338Balanced $112 /sq ft Browse all markets →Towns like Payson nearby
Find towns like Payson in other states →Where Payson is
Loading map…
Questions about Payson real estate
Is Payson a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Payson, IL 62360 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Payson?
The typical home went under contract in 55 days in the latest three months.
Do homes in Payson sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 96.4% of the list price.
What are property taxes in Payson?
About 1.58% of a home’s value a year in Adams County, or roughly $6,320 on a $400,000 home.
What is the median home price in Payson?
The median sale price was $192,167 in the three months ending August 31, 2026, about $111 per square foot.
Local agents
See all agents in 62360 →No sponsored agents in 62360 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 62360
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology