Is El Paso County, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing El Paso County is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, El Paso County has remained a Buyer's Market.

Key Takeaway

El Paso County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in El Paso County, CO

How much do homes in El Paso County, CO cost?

Median Sold Price

$532,450

$220/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$40,783(+8.3%)

Key Takeaway

Homes in El Paso County have sold for 8.3% more than they did a month ago.

Summary: The median home sold price in El Paso County was $532,450 in November 2024, up 8.3% from last month, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $249K$196K
-21.3%
2 $309.9K$310K
0.0%
3 $422.5K$422.4K
0%
4 $520K$571.1K
+9.8%
5+ $675.5K$762.5K
+12.9%

Summary: El Paso County housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 21.3%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 12.9%.

Median Sold Price Compared To Nearby Counties

Pueblo County
+30.8%
El Paso County
+8.3%

Housing Supply in El Paso County, CO

How many homes are available in El Paso County, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3,4823,949+13.4%

Summary: The El Paso County real estate market had 3,949 homes for sale in November 2024, a 13.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 5359
+11.3%
2 435495
+13.8%
3 1,0781,254
+16.3%
4 1,0531,213
+15.2%
5+ 863928
+7.5%

Summary: The El Paso County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.3%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 7.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
291230-21.0%

Asking Price vs. Sold Price

119 Homes Were Sold
Under Asking

60 Homes Were Sold
At Asking

51 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in El Paso County, you may be able to get a good deal. 51.7% of homes here sold below asking price last month.

Summary: A total of 230 homes were sold or pending in El Paso County in November 2024, down by 21.0% month-over-month. Of the 230 sold homes, 52% were sold under asking, 26% were sold at asking, and 22% 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

Oct 2024Nov 2024CHANGE
40 Days55 Days+36.8%

Summary: Homes in El Paso County had an average of 55 days on market in Nov 2024, up by 36.8% compared to last month.

Breakdown of Home Sale Times

103 Homes Were Sold
Under 30 Days

79 Homes Were Sold
In 30 - 90 Days

48 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in El Paso County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 230 homes were sold in El Paso County; 45% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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Based on information from Pikes Peak MLS / Colorado Springs Realtor Services Corp., REColorado, Information and Real Estate Services LLC, and Colorado Real Estate Network Inc. for the period 10/01/2024 - 12/01/2024

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Last updated on: 12/17/2024, 10:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 10:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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