RealTrends Market Report

El Paso, TX

Single-Family Homes

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El Paso, TX

Tue May 28 2024
This week the median list price for El Paso, TX is $307,500 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has held steady at or around 2,203. Click here to stay informed with the El Paso market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

El Paso, TX

Tue May 28 2024
This week the median list price for El Paso, TX is $307,500 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has held steady at or around 2,203. Click here to stay informed with the El Paso market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the El Paso market.
Median List Price $307,500
Median Price of New Listings $275,000
Per Square Foot $164
Average Days on Market 108
Median Days on Market 63
Price Decreased 24%
Price Increased 12%
Relisted 6%
Inventory 2,203
Median Rent
Market Action 37
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$464,975 2,588 8,000 - 10,000 sqft 4 3 3 51 38 91
$334,950 2,000 4,500 - 6,500 sqft 4 3 1 44 49 77
$284,950 1,730 4,500 - 6,500 sqft 4 2 1 62 43 63
$238,895 1,523 4,500 - 6,500 sqft 3 2 17 110 102 35