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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southeastern El Paso is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Southeastern El Paso has remained a Buyer's Market.

Key Takeaway

Southeastern El Paso is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Southeastern El Paso, CO

How much do homes in Southeastern El Paso, CO cost?

Median Sold Price

$478,500

$220/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$3,500(+0.7%)

Key Takeaway

Homes in Southeastern El Paso have sold for 0.7% more than they did a month ago.

Summary: The median home sold price in Southeastern El Paso was $478,500 in May 2024, up 0.7% from last month, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 $450K$433.5K
-3.7%
4 $480K$438.5K
-8.6%
5+ -$665K
N/A

Summary: Southeastern El Paso housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Southeastern El Paso
+0.7%
Fountain
-2.2%

Housing Supply in Southeastern El Paso, CO

How many homes are available in Southeastern El Paso, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
122171+40.2%

Summary: The Southeastern El Paso real estate market had 171 homes for sale in May 2024, a 40.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 5873
+25.9%
4 3257
+78.1%
5+ 2937
+27.6%

Summary: The Southeastern El Paso housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 78.1%, and 5+ bedroom homes increased by 27.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE
79+28.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southeastern El Paso, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Southeastern El Paso in May 2024, up by 28.6% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.

Days on Market for Southeastern El Paso, CO

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

Average Sale Time

Apr 2024May 2024CHANGE
64 Days45 Days-30.6%

Summary: Homes in Southeastern El Paso had an average of 45 days on market in May 2024, down by 30.6% compared to last month.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 9 homes were sold in Southeastern El Paso; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

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

Report Updated 1 Day Ago

Newest Listings in Southeastern El Paso, CO

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