Housing Prices in El Paso, TX

How much do homes in El Paso, TX cost?

Median List Price

$259,196

$149/sqft

Based on all homes listed in the last 12 months.

Difference Since February 2023

+$29,075(+12.6%)

Key Takeaway

The list price of homes in El Paso has increased by 12.6% since last year.

Summary: The median home list price in El Paso was $259,196 in February 2024, up 12.6% from the previous year, and the median price per square foot was $149.

Median List Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $80K$124.9K
+56.2%
2 $138.2K$154.7K
+11.9%
3 $199.9K$225.5K
+12.8%
4 $278.5K$294.6K
+5.8%
5+ $379.4K$408.1K
+7.6%

Summary: El Paso housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.2%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 7.6%.

Median List Price Compared To Nearby Cities

El Paso
+12.6%
El Paso Northwest
+9.0%
Canutillo
+5.7%
Sunland Park
-1.3%

Housing Supply in El Paso, TX

How many homes are available in El Paso, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2,1862,287+4.6%

Summary: The El Paso real estate market had 2,287 homes for sale in February 2024, a 4.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 88
0.0%
2 8085
+6.3%
3 907931
+2.6%
4 1,0061,060
+5.4%
5+ 185203
+9.7%

Summary: The El Paso housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 9.7%.

Days on Market for El Paso, TX

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

Average Listing Age

Feb 2023Feb 2024CHANGE
136 Days93 Days-32.0%

Summary: Homes in El Paso had an average listing age of 93 days in Feb 2024, down by 32% compared to the previous year.

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

Report Updated 27 Days Ago

Newest Listings in El Paso, TX

Nearby Markets to El Paso, TX

What housing markets are near El Paso, TX?