Market Intelligence Report — AZ-740

Payson, AZ

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-AZ-05
As of the latest 2026 data
Very Weak

Median Listing

$515K
+3.2% YoY

Pending Ratio

0.24
+2.8% YoY

Active Inventory

406
-15.2% YoY

Median DOM

59 Days
-1.7% YoY

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The Payson, AZ market is currently categorized as Very Weak, with a pending ratio of 0.24 indicating significant lagging demand absorption relative to available supply. Active listings have contracted by 15.2% year-over-year, while new listings decreased by 21.1% over the same period.

Market Analysis

What's moving the Payson market right now.

In the most recent month, the median listing price experienced a month-over-month decline of 1.7%, despite a year-over-year increase of 3.2%. Active inventory has decreased by 15.2% year-over-year, and new listing volume has also declined by 21.1% year-over-year. The pending ratio saw a year-over-year increase of 2.8%, yet remains at a low 0.24, signaling persistent softness in demand absorption.

Historical Analysis

Market Trends

Median Price

$515K-1.7% MoM

Active Inventory

406-15.2% YoY

Days on Market

59-1.7% YoY

Sold Score™

35+2.8% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

35
Jun 23May 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Jun 23May 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Jun 23Jan 24Aug 24Mar 25Oct 25May 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

Negotiating leverage strongly favors those seeking to acquire property due to the low pending ratio, which reflects substantial inventory pressure. The extended market time and the volume of price reductions further suggest that price discipline for sellers is paramount, as competition for available demand is elevated.

Luxury Segment

The average listing price has risen by 7.2% year-over-year, outpacing the 3.2% year-over-year growth in the median listing price. However, the median price per square foot has concurrently declined by 2.8% year-over-year. This disparity suggests potential softness or a shift in the composition of sales within larger or higher-priced properties.

Supply Dynamics

406 active listings represent the current floor, with new supply arriving at roughly 120 per month.

Pricing Pressure
19.5%

of active listings carry a price reduction, -2.6% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -2.8% year-over-year.

Absorption
0.24

Pending-to-active ratio — Very Weak.

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Metro Demographics

Metro Area
Payson, AZ
CBSA Code
37740
State
AZ

ZIPs in Payson, AZ

Sorted by active inventory · click a ZIP for its full report

Analysis FAQ
  • What is the current market condition in Payson?+

    As of the latest 2026 data, the Payson metro is classified as Very Weak. Pending ratio is 0.24 with median days on market at 59.

  • Are home prices dropping in Payson?+

    Median listing price is $515K, +3.2% year over year. 19.5% of active listings carry a price reduction.

  • How fast are homes selling in Payson?+

    The typical listing sits 59 days on market, a -1.7% change YoY. New listings are arriving at 120 per month.

  • What's happening in the Payson luxury market?+

    The average listing price has risen by 7.2% year-over-year, outpacing the 3.2% year-over-year growth in the median listing price. However, the median price per square foot has concurrently declined by 2.8% year-over-year. This disparity suggests potential softness or a shift in the composition of sales within larger or higher-priced properties.

  • Where can I find a trusted Payson real estate expert?+

    Primpted maintains a vetted registry of Payson agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 37740 · 36mo history