Housing Prices in El Paso, TX

How much do homes in El Paso, TX cost?

Median List Price

$263,874

$152/sqft

Based on all homes listed in the last 12 months.

Difference Since May 2023

+$18,973(+7.7%)

Key Takeaway

The list price of homes in El Paso has increased by 7.7% since last year.

Summary: The median home list price in El Paso was $263,874 in May 2024, up 7.7% from the previous year, and the median price per square foot was $152.

Median List Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $99.9K$124.9K
+25.0%
2 $145K$159.8K
+10.2%
3 $214.9K$229.9K
+7.0%
4 $279.9K$296.8K
+6.0%
5+ $380.2K$419.5K
+10.3%

Summary: El Paso housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 10.3%.

Median List Price Compared To Nearby Cities

El Paso Northwest
+8.2%
El Paso
+7.7%
Canutillo
+2.8%
Sunland Park
-5.4%

Housing Supply in El Paso, TX

How many homes are available in El Paso, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2,5722,774+7.9%

Summary: The El Paso real estate market had 2,774 homes for sale in May 2024, a 7.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 710
+42.9%
2 8889
+1.1%
3 1,0151,078
+6.2%
4 1,2341,349
+9.3%
5+ 228248
+8.8%

Summary: The El Paso housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 8.8%.

Days on Market for El Paso, TX

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

Average Listing Age

May 2023May 2024CHANGE
121 Days81 Days-33.1%

Summary: Homes in El Paso had an average listing age of 81 days in May 2024, down by 33.1% compared to the previous year.

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

Report Updated 13 Days Ago

Newest Listings in El Paso, TX

Nearby Markets to El Paso, TX

What housing markets are near El Paso, TX?