In November, home prices rose moderately from the month before, with a median listing price of $299,900.
The number of listings on the market remained practically unchanged from last month, but it is a bigger increase than normal for this time of the year in El Paso, and homes are also selling slower than at the same time last year.
Home prices in El Paso
Typically, home price per square foot in El Paso tend to rise in November. And the most recent data shows that the price per square foot increased by 0.3% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in the Sun City are outpacing the national market.
El Paso inventory
In November, there were 2,477 homes for sale in El Paso, which was 0.5% more than the month before and 15.1% more than the same time last year.
Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266.
The number of new listings in El Paso was 636, which was 8.9% less than the month before and 1.9% less than the same time last year.
Nationally, the number of new listings fell by 14.1% from last month to 330,908.
Time on market
Homes in El Paso take an average of 79 days to sell, according to November figures.
This is eight days more than the previous month and 19 days more than the same month last year.
For comparison, nationally homes spent an average of 64 days on the market in November.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in El Paso, TX.