Payson, IL Foreclosures
Current Market Conditions in in Payson, IL As of February 2026?
In the past month, Payson's real estate market has shown some signs of growth, with a slight increase in median home prices due to higher demand. New listings have also come onto the market, providing buyers with more options while sustaining a competitive atmosphere for sellers. The community's ongoing appeal is evident as interest remains strong in this quaint town.
How much do homes sell for in Payson, IL?
The average home price is currently $166,277.
In Payson, IL, how many homes are available?
There are currently 7 active home listings available in Payson.
What’s the average rental cost in Payson, IL?
The average rental price in Payson is $1,078.
What is the most expensive home in Payson?
The most expensive home sold in Payson had a price of $727,718.
What is currently the cheapest priced home in Payson, IL?
The cheapest home for sale in Payson is priced at $12,810.
Living in Payson, IL
Payson is a charming village located in the heart of Adams County, Illinois. It boasts a friendly, small-town atmosphere with a rich history and a strong sense of community. Residents enjoy proximity to various recreational spaces and essential amenities, making it an ideal place for families and retirees alike.
Buyer vs Seller Market in Payson, IL
The current real estate market in Payson reflects a stable environment, with a moderate increase in home values over the past year. Buyers are attracted to the area for its affordability and community-centric living, which positions Payson as a favorable location for homebuyers looking for value.
Trends show an upward movement in property listings, with a notable interest from first-time homebuyers and families desiring a peaceful setting with local school access. Despite nationwide market fluctuations, Payson's appeal continues to remain steady, suggesting resilience in its real estate sector.
Home Value Estimator For Payson, IL
There are currently 581 real estate properties
in Payson, IL,
with a median automated valuation model (AVM) price
of $134,878.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Payson, IL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Payson, IL,
is $166,277.00, with the most expensive house
in Payson, IL, topping out
at $727,718.00 and the cheapest home
in Payson, IL,
clocking in at $12,810.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Payson, IL!
Rent Prices
In Payson, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Payson, IL, is on
a rollercoaster ride. The
average rent price in Payson, IL,
is $1,078.00. Indeed, when looking to rent in
Payson, IL, you can expect to pay as little
as $530.00 or as much
as $2,160.00,
with the average rent median estimated to
be $1,040.00. The good news is that finding
an affordable and desirable property to rent in Payson, IL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
