Payson Real Estate Market Update By Tamra Lee Ulmer
PAYSON’S MARKET TREND FOR SINGLEFAMILY HOMES. In May 2022, Payson recorded a decrease in the home price listing from $640,000 in May 2021 to $598,750 in May 2022. Between January and June 2022,February records the highest medial list price at $681,000 while April shows the lowest median list price of $600,000. May 2021, the median price per square foot was $278, and 12 months later, the price rose to $302. June 2022 records a slight increase since the price is at $307.Data shows that between January and June 2022 median home price per square foot was highest in February and lowest in April and May. May recorded 110 homes for sale in 2022, while JULY 2022 | 43
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HOUSING MARKET SUMMARY Payson, a city located in Arizona, currently has a home listing of 226 active homes as of June 2022 and 24 of them being new. In May 2022, the median price listing of homes in the town was $592,000, which shows an increase of 11.1 % year over year, and the median market days were 32 in this compared to 33 last year. In May 2022, there were 113 homes, while at the same time the previous year, only 44 homes were sold. Payson has an average of 13 schools,5 high schools, 4 middle schools, and 4 elementary schools. The average listing of the schools is 5 out of 10 excellent schools. Payson remains a seller market, indicating that more people are willing to buy homes in the place compared to the number of homes available for sale. Most homes are sold below the listing price in Payson in 2022, averaging 0.94% below the asking price.
