Is El Paso County, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, El Paso County was a Seller's Market.
Housing Prices in El Paso County, CO
How much do homes in El Paso County, CO cost?
Median Sold Price
$489,230
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in El Paso County was $489,230 in March 2024, down 1.2% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $212K | $269.9K | +27.3% |
2 Bedrooms | $340.9K | $330K | -3.2% |
3 Bedrooms | $429.8K | $429.7K | 0% |
4 Bedrooms | $525.6K | $542.7K | +3.3% |
5+ Bedrooms | $674.4K | $672.8K | -0.2% |
Summary: El Paso County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.3%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes did not change, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Counties
Teller County | $508.2K | $517.5K | +1.8% |
Pueblo County | $325.6K | $330K | +1.3% |
Douglas County | $701.9K | $698.7K | -0.5% |
El Paso County | $495.3K | $489.2K | -1.2% |
Elbert County | $655K | $630.2K | -3.8% |
Housing Supply in El Paso County, CO
How many homes are available in El Paso County, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2,072 | 2,923 | +41.1% |
Summary: The El Paso County real estate market had 2,923 homes for sale in March 2024, a 41.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 36 | 45 | +25.0% |
2 Bedrooms | 233 | 350 | +50.2% |
3 Bedrooms | 736 | 1,013 | +37.6% |
4 Bedrooms | 621 | 887 | +42.8% |
5+ Bedrooms | 446 | 628 | +40.8% |
Summary: The El Paso County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 50.2%, 3 bedroom homes increased by 37.6%, 4 bedroom homes increased by 42.8%, and 5+ bedroom homes increased by 40.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
268 | 270 | +0.7% |
Asking Price vs. Sold Price
134 Homes Were Sold
Under Asking
71 Homes Were Sold
At Asking
65 Homes Were Sold
Over Asking
Summary: A total of 270 homes were sold or pending in El Paso County in March 2024, up by 0.7% month-over-month. Of the 270 sold homes, 50% were sold under asking, 26% were sold at asking, and 24% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 48 Days | +5.1% |
Summary: Homes in El Paso County had an average of 48 days on market in Mar 2024, up by 5.1% compared to last year.
Breakdown of Home Sale Times
160 Homes Were Sold
Under 30 Days
52 Homes Were Sold
In 30 - 90 Days
58 Homes Were Sold
Over 90 Days
Summary: During March 2024, 270 homes were sold in El Paso County; 59% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.