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PAYSON, IL 62360

Real Estate Market Report  ·  Adams County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
5
⇧ 150% vs 2 last year
Pending
4
80% pending ratio
Median Price
$179,900
⇧ 11.4% vs $161,475 last year
Average Price
$179,900
⇧ 11.4% vs $161,475 last year
Days on Market
80
⇧ 95.1% vs 41 days last year

Market Context

Population: 1,898  ·  Density: 19.7/mi²  ·  Median household income: $62,688

Typical home value: $110,708  ·  Homeownership: 87.9%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The PAYSON, IL real estate market (62360) currently shows 5 active listings, with 4 pending sales. Homes are averaging 80 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 80 days on market compared to 41 days last year.

The median listing price has risen 11.4% year-over-year, from $161,475 to $179,900.

Whether you are buying or selling in PAYSON, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 5 this year vs 2 last year
  • Days on market: 80 now vs 41 last year

Median & Average Pricing

Year over Year
  • Median: $179,900 (+11.4% YoY)
  • Average: $179,900 (+11.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 24.6 miles — 35 listings ($10,052,451 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62360Payson, IL 623600.0 mi5$899,500$179,900$179,900
62343Hull, IL 623438.0 mi1$98,499$98,499$98,499
62347Liberty, IL 623479.8 mi1$375,000$375,000$375,000
62338Fowler, IL 6233812.2 mi1$210,000$210,000$210,000
62312Barry, IL 6231214.6 mi6$1,458,702$156,950$243,117
62359Paloma, IL 6235915.1 mi2$329,800$164,900$164,900
62325Coatsburg, IL 6232517.1 mi1$152,500$152,500$152,500
63459New London, MO 6345917.3 mi6$2,278,500$375,000$379,750
62324Clayton, IL 6232419.8 mi4$1,491,200$157,400$372,800
63448La Grange, MO 6344821.0 mi2$334,000$167,000$167,000
62376Ursa, IL 6237621.9 mi2$1,650,000$825,000$825,000
62375Timewell, IL 6237524.1 mi1$129,900$129,900$129,900
62349Loraine, IL 6234924.6 mi3$644,850$214,950$214,950

Frequently Asked Questions

How many homes are for sale in PAYSON, IL 62360?

As of January 2026, there are 5 active listings in PAYSON, IL (zip code 62360), compared to 2 the prior year.

What is the median home price in PAYSON, IL 62360?

The median listing price in PAYSON, IL 62360 is $179,900 as of January 2026, a 11.4% increase from $161,475 the prior year.

How long do homes stay on the market in PAYSON, IL?

Homes in PAYSON, IL 62360 spend an average of 80 days on the market before going under contract, compared to 41 days the prior year.

Is it a seller's or buyer's market in PAYSON, IL 62360?

Based on current inventory and days-on-market data as of January 2026, PAYSON, IL 62360 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 80 days on market compared to 41 days last year.

How much can I save on real estate commission in PAYSON, IL?

With SELL123.com's maximum 3% commission, sellers in PAYSON, IL 62360 save an estimated $3,598 compared to a typical 5% commission on the median listing price of $179,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.