Is Southeastern El Paso, CO 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, Southeastern El Paso has remained a Buyer's Market.
Housing Prices in Southeastern El Paso, CO
How much do homes in Southeastern El Paso, CO cost?
Median Sold Price
$478,500
$220/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Southeastern El Paso was $478,500 in May 2024, up 0.7% from last month, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $450K | $433.5K | -3.7% |
4 Bedrooms | $480K | $438.5K | -8.6% |
5+ Bedrooms | - | $665K | N/A |
Summary: Southeastern El Paso housing prices by bedroom type for May 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 3.7%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Southeastern El Paso | $475K | $478.5K | +0.7% |
Fountain | $450K | $440K | -2.2% |
Housing Supply in Southeastern El Paso, CO
How many homes are available in Southeastern El Paso, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
122 | 171 | +40.2% |
Summary: The Southeastern El Paso real estate market had 171 homes for sale in May 2024, a 40.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 58 | 73 | +25.9% |
4 Bedrooms | 32 | 57 | +78.1% |
5+ Bedrooms | 29 | 37 | +27.6% |
Summary: The Southeastern El Paso housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 78.1%, and 5+ bedroom homes increased by 27.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 9 | +28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Southeastern El Paso in May 2024, up by 28.6% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% 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
Apr 2024 | May 2024 | CHANGE |
---|---|---|
64 Days | 45 Days | -30.6% |
Summary: Homes in Southeastern El Paso had an average of 45 days on market in May 2024, down by 30.6% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Southeastern El Paso; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.