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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April 2024 Stats

Single Family / Patio Average

$558,508 ↑Up 8.3% YoY

Condo/Townhome Average

$341,548 ↓Down 0.5% YoY

April 2024

The El Paso County real estate market saw promising signs in April. Anecdotally, we heard from builders that traffic through model homes increased as we entered the selling season and many builders were above budget projections with new contracts being written. Further, resale agents shared they were encouraged by the volume of calls and interest from both buyers and potential sellers. While the interest rate environment is not favorable to an increase in activity, the uptick in demand (pending listings were up 20.4% month-over-month) is more than likely due to buyers and sellers acclimating to the current rate environment and adjusting their threshold for purchasing. El Paso County's continued net positive immigration may also be having an impact by bringing more potential buyers into the market.

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Supply - Active Listings

1,988 Active Listings
↑ 28.7% YoY

Active listings were up 14.3% when compared to last month and increased by 28.7% when compared to last year at this time. Last month saw 1,740 active listings.

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New Listings

1,372 ↑Up 10.4% YoY

New listings were up 23.6% when compared to last month and were up 10.4% when compared to last year. Last year at this time we saw 1,243 new listings.

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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.

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Months Supply Inventory

2.4 Months ↑Up 41.2% YoY

April saw inventory increase by 41.2% year-over-year. This data point was equal to what we saw last month.

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Average Days in MLS

32 Days ↑Up 6.7% YoY

April listings saw 32 days on market, on average. This was a decrease of 25.6% when compared to last month, which saw 43 days on average.

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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.

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March 2024 Stats

Single Family / Patio Home Average

$503,458 ↑Up 2.6% YoY

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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.

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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

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Pending Sales

863 ↓Down 11.7% YoY

Pending properties were up by 20.4% month-over-month but were down 11.7% when compared to last year at this time. Last year saw 977 pending units.

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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.

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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.

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Percent of Closed Price to Original List Price

100% Close to List Price = 0% YoY

This data point was up 0.5% when compared to last month but was equal to what we saw last year at this time

YOUR NEIGHBORHOOD STATS

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Active New Listings
34
Pending/Under Contract Listings
98
Sold Listing
$669,518
AVERAGE LIST PRICE
$659,723
AVERAGE SOLD PRICE
$662,978
ORIGINAL LIST PRICE
$661,825
TODAY’S LIST PRICE
$224.66
PRICE PER SQFT
$224.66
SALES PRICE % TO LIST PRICE
2,781
AVERAGE FINISHED SQFT
2,964
AVERAGE TOTAL SQFT
1995
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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