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

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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.

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