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]

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October 2024 Stats

Single Family / Patio Average

$556,555 ↑ Up 2.3% YoY

Single Family / Patio Median

$465,000 ↓ Down 1.6% YoY

Condo / Townhome Average

$339,267 ↑ Up 1.4% YoY

Condo / Townhome Median

$327,500 ↑ Up 0.6% YoY

October 2024

Overall, the El Paso County real estate market cooled in October, showcasing higher-than-normal inventory levels and longer days on market when compared to recent trends. After the much-anticipated October Fed rate drop, mortgage lenders have reported an uptick in mortgage rate shopping; however, anecdotally we hear that local real estate professionals have not yet seen this translate into more home sales. A few potential variables that may be keeping buyers from purchasing include the upcoming election, seasonality as the real estate market heads into winter with the holiday season, as well as anticipation of further rate reductions to come.

Key highlights are below.

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Supply - Active Listings

2,903 Active Listings
↑ 32.7% YoY

Active listings were down 4.0% when compared to last month but jumped 32.7% when compared to last year at this time. Last year saw 2,188 active listings.

 

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New Listings

1,072 Up 22.2% YoY

New listings were down by 6.1% when compared to last month but increased 22.2% when compared to last year. Last year at this time we saw 877 new listings.

 

 
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Pending Sales

671 ↑ Up 13.5% YoY

Pending properties - indicating demand - were up 0.9% month over month and increased 13.5% when compared to last year at this time. Last year saw 591
pending units.

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Months Supply Inventory

3.7 Months ↑ Up 12.1% YoY

October saw inventory increase by 12.1% when compared to last year. This data point was down 5.1% when compared to what we saw last month.

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Average Days in MLS

48 Days ↑ Up 26.3% YoY

October listings saw 48 days on market, on average. This was an increase of 17.1%
when compared to last month and an increase of 26.3% when compared to last year at this time. Last year, listings saw 38 days on market, on average.
 
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Percent of Closed Price to Original List Price

97.9% = equal 0.0% YoY

October saw the percent-of-the-closed-price-to-list-price at 97.9%.This data point was equal to what we saw both last month and last year.



First to Know El Paso County:

  • Reports are based on information from PPAR for the period shown in title. Note: This representation is based in whole or in part on content supplied by PPAR. PPAR does not guarantee nor is in any way responsible for its accuracy. Content maintained byPPAR may not reflect all real estate activity in the market.

  • Information deemed reliable but not guaranteed. Real Estate Services
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Percent of Closed Price to Original List Price

98.5% = 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

84
Active New Listings
40
Pending/Under Contract Listings
240
Sold Listing
$661,536
AVERAGE LIST PRICE
$619,777
AVERAGE SOLD PRICE
$678,783
ORIGINAL LIST PRICE
$241.53
PRICE PER SQFT
2,810
AVERAGE TOTAL SQFT
1994
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.

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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.

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