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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing El Paso County is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

El Paso County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in El Paso County, TX

How much do homes in El Paso County, 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 County have sold for 89.7% less than they did a month ago.

Summary: The median home sold price in El Paso County 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

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 -$74.7K
N/A
4 $725K-
N/A
5+ --
N/A

Summary: El Paso County 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 County, TX

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3,0612,993-2.2%

Summary: The El Paso County real estate market had 2,993 homes for sale in November 2024, a 2.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1411
-21.4%
2 9589
-6.3%
3 1,2851,251
-2.6%
4 1,4371,390
-3.3%
5+ 230252
+9.6%

Summary: The El Paso County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 21.4%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 9.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
605514-15.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 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. 100% of homes here sold below asking price last month.

Summary: A total of 514 homes were sold or pending in El Paso County in November 2024, down by 15.0% 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 County, TX

How long does it take to sell a home in El Paso County, TX?

Average Sale Time

Oct 2024Nov 2024CHANGE
48 Days55 Days+15.8%

Summary: Homes in El Paso County had an average of 55 days on market in Nov 2024, up by 15.8% compared to last month.

Breakdown of Home Sale Times

265 Homes Were Sold
Under 30 Days

157 Homes Were Sold
In 30 - 90 Days

91 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, 514 homes were sold in El Paso County; 52% 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.

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

Report Updated 2 Days Ago

Newest Listings in El Paso County, TX

Nearby Markets to El Paso County, TX

What housing markets are near El Paso County, TX?