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

$490,000

$231/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$11,666(-2.3%)

Key Takeaway

Homes in El Paso County have sold for 2.3% less than they did a month ago.

Summary: The median home sold price in El Paso County was $490,000 in October 2024, down 2.3% from last month, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $225K$249K
+10.7%
2 $370K$307.9K
-16.8%
3 $425K$422.5K
-0.6%
4 $525K$519.5K
-1.0%
5+ $677K$675K
-0.3%

Summary: El Paso County housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes decreased by 16.8%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 0.3%.

Median Sold Price Compared To Nearby Counties

El Paso County
-2.3%
Pueblo County
-16.8%

Housing Supply in El Paso County, CO

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3,5154,417+25.7%

Summary: The El Paso County real estate market had 4,417 homes for sale in October 2024, a 25.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 5671
+26.8%
2 442548
+24.0%
3 1,0331,372
+32.8%
4 1,1151,358
+21.8%
5+ 8691,068
+22.9%

Summary: The El Paso County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 26.8%, 2 bedroom homes increased by 24%, 3 bedroom homes increased by 32.8%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes increased by 22.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
285272-4.6%

Asking Price vs. Sold Price

132 Homes Were Sold
Under Asking

83 Homes Were Sold
At Asking

57 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. 48.5% of homes here sold below asking price last month.

Summary: A total of 272 homes were sold or pending in El Paso County in October 2024, down by 4.6% month-over-month. Of the 272 sold homes, 49% were sold under asking, 31% were sold at asking, and 21% 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

Sep 2024Oct 2024CHANGE
39 Days41 Days+5.1%

Summary: Homes in El Paso County had an average of 41 days on market in Oct 2024, up by 5.1% compared to last month.

Breakdown of Home Sale Times

141 Homes Were Sold
Under 30 Days

98 Homes Were Sold
In 30 - 90 Days

33 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 October 2024, 272 homes were sold in El Paso County; 52% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 12% 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 16 Days Ago

Newest Listings in El Paso County, CO

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