El Paso, Texas started 2024 with a total of 1,923 single-family homes on the market, with a median home price of $299,500 and an average price per square foot of $166.26. By the end of the year, inventory had increased to 2,179 homes on the market (+13%), with a median home price of $295,950 (-1%), and an average price per square foot of $169 (+2%).
At the start of 2024, the median days on market (DOM) was 77 days – by the end of the year, median DOM had increased to 91 days.
El Paso, Texas started the year with 25.27% 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 27.95% of homes for sale had taken a price cut.
