Top Large Teams in El Paso, Texas – Ranked by Sides

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    • Rank – City SidesTeam NameCompanyLocationSidesProfile
    2Martha MartinezKeller WilliamsEl Paso, TX 122.3View Profile

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    2023 El Paso, Texas Housing Market Summary

    El Paso, Texas started 2023 with a total of 1,378 single-family homes on the market, with a median home price of $309,995 and an average price per square foot of $158. By the end of the year, inventory had increased to 1,782 homes on the market (+29%), with a median home price of $299,250 (-3%) and an average price per square foot of $165 (+4%).

    At the start of 2023, the median days on market (DOM) was 77 days – by the end of the year, median DOM had increased to 91 days.

    El Paso started the year with 25% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 26% of El Paso homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that El Paso started 2023 as a seller’s market, with an MAI score of 41; by the end of the year, the MAI had dropped to 35 – a slight seller’s advantage.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Housing Market News

    AdobeStock_250556333

    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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