$2,958 Closing Credit*
$249,090
1,893 SqFt
4 Beds
•2 Full Baths, 1 Partial
Patty Hawks, Listing Office: Coldwell Banker Heritage R E
Is El Paso, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, El Paso has remained a Seller's Market.
Key Takeaway
El Paso is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in El Paso, TX
How much do homes in El Paso, TX cost?
Median Sold Price
$74,767
$72/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$650,233(-89.7%)
Key Takeaway
Homes in El Paso have sold for 89.7% less than they did a month ago.
Summary: The median home sold price in El Paso was $74,767 in November 2024, down 89.7% from last month, and the median price per square foot was $72.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $74.7K | N/A |
| 4 Bedrooms | $725K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in El Paso, TX
How many homes are available in El Paso, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2,674 | 2,604 | -2.6% |
Summary: The El Paso real estate market had 2,604 homes for sale in November 2024, a 2.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 9 | -30.8% |
| 2 Bedrooms | 89 | 82 | -7.9% |
| 3 Bedrooms | 1,153 | 1,113 | -3.5% |
| 4 Bedrooms | 1,217 | 1,180 | -3.0% |
| 5+ Bedrooms | 202 | 220 | +8.9% |
Summary: The El Paso housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30.8%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 8.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 551 | 458 | -16.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in El Paso, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 458 homes were sold or pending in El Paso in November 2024, down by 16.9% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for El Paso, TX
How long does it take to sell a home in El Paso, TX?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 57 Days | +20.5% |
Summary: Homes in El Paso had an average of 57 days on market in Nov 2024, up by 20.5% compared to last month.
Breakdown of Home Sale Times
231 Homes Were Sold
Under 30 Days
144 Homes Were Sold
In 30 - 90 Days
83 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in El Paso are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 458 homes were sold in El Paso; 50% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Greater El Paso Association of REALTORS®. Real estate listings held by other brokerage firms are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing brokers. 
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”. 
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