Is El Paso County, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, El Paso County was a Seller's Market.
Housing Prices in El Paso County, CO
How much do homes in El Paso County, CO cost?
Median Sold Price
$506,854
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in El Paso County was $506,854 in May 2024, up 0.7% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235K | $252.5K | +7.4% |
2 Bedrooms | $330.5K | $326K | -1.4% |
3 Bedrooms | $420K | $435K | +3.6% |
4 Bedrooms | $530K | $559K | +5.5% |
5+ Bedrooms | $697.5K | $715K | +2.5% |
Summary: El Paso County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Counties
El Paso County | $503.5K | $506.8K | +0.7% |
Douglas County | $725.4K | $717.3K | -1.1% |
Elbert County | $699.9K | $617.4K | -11.8% |
Housing Supply in El Paso County, CO
How many homes are available in El Paso County, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2,440 | 3,815 | +56.4% |
Summary: The El Paso County real estate market had 3,815 homes for sale in May 2024, a 56.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 35 | 57 | +62.9% |
2 Bedrooms | 270 | 448 | +65.9% |
3 Bedrooms | 789 | 1,193 | +51.2% |
4 Bedrooms | 734 | 1,180 | +60.8% |
5+ Bedrooms | 612 | 937 | +53.1% |
Summary: The El Paso County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 62.9%, 2 bedroom homes increased by 65.9%, 3 bedroom homes increased by 51.2%, 4 bedroom homes increased by 60.8%, and 5+ bedroom homes increased by 53.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
231 | 316 | +36.8% |
Asking Price vs. Sold Price
106 Homes Were Sold
Under Asking
124 Homes Were Sold
At Asking
86 Homes Were Sold
Over Asking
Summary: A total of 316 homes were sold or pending in El Paso County in May 2024, up by 36.8% month-over-month. Of the 316 sold homes, 34% were sold under asking, 39% were sold at asking, and 27% were sold over asking.
Days on Market for El Paso County, CO
How long does it take to sell a home in El Paso County, CO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 31 Days | +29.7% |
Summary: Homes in El Paso County had an average of 31 days on market in May 2024, up by 29.7% compared to last year.
Breakdown of Home Sale Times
213 Homes Were Sold
Under 30 Days
78 Homes Were Sold
In 30 - 90 Days
25 Homes Were Sold
Over 90 Days
Summary: During May 2024, 316 homes were sold in El Paso County; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.