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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing El Paso is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, 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.

How much do homes in El Paso, TX cost?

Median Sold Price

$219,917

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$28,891(+15.1%)

Key Takeaway

Homes in El Paso have sold for 15.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $81.5K$75K
-8.0%
2 $115K$135K
+17.4%
3 $173.3K$195K
+12.5%
4 $237.8K$270.7K
+13.8%
5+ $333.8K$362K
+8.4%

How many homes are available in El Paso, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
1,4841,421-4.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 12
+100.0%
2 6957
-17.4%
3 711649
-8.7%
4 547552
+0.9%
5+ 156161
+3.2%

Number of Homes Sold

Oct 2022Nov 2022%
412355-13.8%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in El Paso, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
22 Days25 Days+10.3%

Breakdown of Home Sale Times

257 Homes Were Sold
Under 30 Days

78 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in El Paso are selling fast, if you're buying plan to act quickly.

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

About El Paso, TX

Number of homes for sale in El Paso, TX real estate market have reached 1,421. Between October 2022 and November 2022, El Paso, TX real estate market has seen decrease in the number of listings by 4.2%. Listings spent 25 days on the market in November 2022, and had a median list price of $219,917 during the same period. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 8% more cheaper, 2 bedrooms properties prices increased by 17.4%, prices of 3 bedrooms properties increased by 12.5%, 4 bedrooms properties became 13.8% more expensive, 5 bedrooms properties became 8.4% more expensive. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes went up by 100%, 2 bedrooms homes inventory decreased by 17.4%, the quantity of 3 bedrooms homes went down by 8.7%, the quantity of 4 bedrooms homes went up by 0.9%, the quantity of 5 bedrooms homes went up by 3.2%. El Paso, TX housing market in November 2022 saw over 2 listings sold above listed price, more than 1 sold at listed price and over 5 sold below.

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