El Paso County is currently tilted toward sellers, with the market gauge reading a seller’s market at 41. Homes are moving at a median of 51 days on market, longer than mid-summer but still showing steady buyer interest. Inventory sits at about three and a half months of supply, which is tighter than the broader Texas market’s 5.7 months.
Home values have edged up compared with last year, with the typical home value rising more than 5 percent year over year. Listing prices are climbing even faster, with the median list price up nearly 8 percent from a year ago, while active listings have dropped about 13 percent in that same period. Fewer homes on the market and higher asking prices help explain why roughly a quarter of recent sales closed above list price and the average sale-to-list ratio is just under 99 percent.
Sales activity has cooled slightly, as homes sold, new listings, and pending sales are all down modestly month over month, and median days on market has ticked up from the summer lows. Even so, months of supply is well below the state level, signaling that sellers still have the upper hand compared with much of Texas. Whether you are trying to stand out as a buyer in this environment or maximize your position as a seller, Agent Pronto can connect you with an agent who understands these local dynamics.
