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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southeastern El Paso is a buyer's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Southeastern El Paso, CO

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

Median Sold Price

$425,000

$313/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$125,000(-22.7%)

Key Takeaway

Homes in Southeastern El Paso have sold for 22.7% less than they did a month ago.

Summary: The median home sold price in Southeastern El Paso was $425,000 in November 2024, down 22.7% from last month, and the median price per square foot was $313.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $550K$382.5K
-30.5%
4 $459K$425K
-7.4%
5+ $1.4M$660K
-52.9%

Summary: Southeastern El Paso housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 30.5%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 52.9%.

Median Sold Price Compared To Nearby Cities

Colorado Springs
+6.2%
Elsmere
+4.7%
Fountain
-5.8%
Southeastern El Paso
-22.7%

Housing Supply in Southeastern El Paso, CO

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
173192+11.0%

Summary: The Southeastern El Paso real estate market had 192 homes for sale in November 2024, a 11.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 00
0.0%
3 7782
+6.5%
4 6679
+19.7%
5+ 2829
+3.6%

Summary: The Southeastern El Paso housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 3.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southeastern El Paso, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Southeastern El Paso in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Southeastern El Paso, CO

How long does it take to sell a home in Southeastern El Paso, CO?

Average Sale Time

Oct 2024Nov 2024CHANGE
30 Days50 Days+63.9%

Summary: Homes in Southeastern El Paso had an average of 50 days on market in Nov 2024, up by 63.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Southeastern El Paso has remained consistent over time.

Summary: During November 2024, 3 homes were sold in Southeastern El Paso; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in Southeastern El Paso, CO

Nearby Markets to Southeastern El Paso, CO

What housing markets are near Southeastern El Paso, CO?