El Paso County Stats/Your Neighborhood Stats

As a new service in 2024, we will be providing a complete list of monthly market statistics for El Paso County and/or particular zip codes. If you’re interested in receiving this monthly stat report, please email [email protected]

main

March 2024 Stats

Single Family / Patio Home Average

$503,458 ↑Up 2.6% YoY

main

Condo / Townhome Average

$332,277 ↓Down 3.4% YoY

In February, the El Paso County real estate market saw new listings hit the market, as is seasonally expected. Months supply of inventory decreased month-over-month to 2.3 months. Listings saw an average of 51 days on market, roughly equal to what we saw last year at this time. The market saw an increase in the sales price relative to the original listing price, however this isn’t necessarily telling the entire story of demand in the marketplace. Active listings and inventory are both up from this point last year. Anecdotally we hear, even though sellers may be adjusting to the changing market, buyers are still in a hyper-sensitive interest rate state of mind.

main

New Listings

895 ↑Up 13.1% YoY

New listings were up 16.8% when compared to last month and increased by 13.1% when compared to last year. Last year at this time we saw 791 new listings

main

Pending Sales

659 ↓Down 8.5% YoY

Pending properties were down by 8.5% year-over-year and decreased by 5.9% when compared to last month. Last year saw 720 pending units.

main

Months Supply Inventory

2.3 Months ↑Up 9.5% YoY

February saw a 9.5% increase in inventory when compared to last year at this time. This data point was down 25.8% from last month.

main

Average Days in MLS

51 Days ↓Down 1.9% YoY

February listings saw 51 days on market, on average. This was an increase of 4.1% when compared to last month, which saw 49 days on average.

main

Percent of Closed Price to Original List Price

98.5% ↑Up 1.1% YoY

This data point was up 1.1% when compared to this time last year, and up slightly (0.4%) when viewed month-over-month.

YOUR NEIGHBORHOOD STATS

40
Active New Listings
34
Pending/Under Contract Listings
98
Sold Listing
$597,217
AVERAGE LIST PRICE
$548,549
AVERAGE SOLD PRICE
$562,774
ORIGINAL LIST PRICE
$552,003
TODAY’S LIST PRICE
$229.21
PRICE PER SQFT
99.39%
SALES PRICE % TO LIST PRICE
2,399
AVERAGE FINISHED SQFT
2,615
AVERAGE TOTAL SQFT
1998
Average Year Built

If you would like to have our monthly stats for your zip code, please email  [email protected]. Stats are released on the 15th of each month. If you would like to be taken off further mailings in area code 80919, email [email protected] with the subject: Remove from Mailing list. We understand that most of you have agents or are not in the market to sell.

January/February/March

Work With Us

With our extensive knowledge and commitment to providing only the best and most timely information to our clients, we are your go-to source for real estate industry insight and advice. Buying or selling a home is more than just a transaction: it’s a life-changing experience. Feel free to contact us for all your real estate needs.

Follow Us on Instagram