Tamara Whalen SRES, Listing Office: HomeSmart
El Paso County Housing Market Report December 2024•El Paso County, Colorado
Housing Prices in El Paso County, CO
How much do homes in El Paso County, CO cost?
Housing Market Conditions
Is El Paso County, CO a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
El Paso County is a Buyer's Market
Difference Since November 2024
Last month, El Paso County has remained a Buyer's Market.
El Paso County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
Based on all homes sold in December 2024
The sold price of homes in El Paso County has remained the same since last month.
Summary: The median home sold price in El Paso County was $536,215 in December 2024, the same as last month, and the median price per square foot was $223.
Median Sold Price By City
City | Nov 2024 | Dec 2024 | Change MoM |
---|---|---|---|
Elbert County | $585K | $649.9K | +11.1% |
El Paso County | $536.3K | $536.2K | 0.0% |
Median Sold Price By Bedrooms
Beds | Nov 2024 | Dec 2024 | Change MoM |
---|---|---|---|
22 Bedrooms | $310K | $300K | -3.2% |
33 Bedrooms | $422.4K | $411.5K | -2.6% |
44 Bedrooms | $579.5K | $586K | +1.1% |
11 Bedroom | $196K | $280K | +42.9% |
55+ Bedrooms | $762.5K | $650K | -14.8% |
Summary: El Paso County housing price by bedroom type for December 2024, compared to the previous month. The home price for 2 bedroom homes decreased by -3.2%. The home price for 3 bedroom homes decreased by -2.6%. The home price for 4 bedroom homes increased by +1.1%. The home price for 1 bedroom homes increased by +42.9%. The home price for 5 bedroom homes decreased by -14.8%.
Housing supply in El Paso County, CO
How many homes are available in El Paso County, CO?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
3,345Last MonthDec 2024 | ||
2,9912 months agoNov 2024 | +11.8 % Change MoMNov – Dec |
Summary: The El Paso County real estate market had 3,345 homes for sale in Dec 2024, a 11.8 % increase compared to Nov 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
240Last MonthDec 2024 | ||
2412 months agoNov 2024 | -0.4 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
Beds | Nov 2024 | Dec 2024 | Change MoM |
---|---|---|---|
22 Bedrooms | 391 | 446 | +14.1% |
33 Bedrooms | 917 | 1,064 | +16.0% |
44 Bedrooms | 933 | 1,032 | +10.6% |
11 Bedroom | 44 | 47 | +6.8% |
55+ Bedrooms | 706 | 756 | +7.1% |
Summary: El Paso County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 2 bedroom homes increased by +14.1%. The inventory for 3 bedroom homes increased by +16.0%. The inventory for 4 bedroom homes increased by +10.6%. The inventory for 1 bedroom homes increased by +6.8%. The inventory for 5 bedroom homes increased by +7.1%.
Asking Price vs. Sold Price
How much do homes in El Paso County, CO cost?
Over Asking Price41 Homes
At Asking Price65 Homes
Under Asking Price134 Homes
If you're buying a home in El Paso County, you may be able to get a good deal. 55.8% of homes here sold below asking price last month.
Summary: A total of 240 homes were sold or pending in El Paso County in December 2024, down by 0.4% month-over-month. Of the 240 sold homes, 56% were sold under asking, 27% were sold at asking, and and 17% were sold over asking.
Days on Market for El Paso County, CO
How long does it take to sell a home in El Paso County, CO?
Breakdown of Home Sale Times
Under 30 Days87 Homes
30 – 90 Days106 Homes
Over 90 Days47 Homes
Avg time on Rocket Homes in El Paso County has remained consistent over time.
Summary: During December 2024, 240 homes were sold in El Paso County; 36% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Average Sale Time
Last Month | 1 month ago | Change MoM |
---|---|---|
57 DaysLast MonthDec 2024 | ||
55 Days1 month agoNov 2024 | +4.2 % Change MoMNov – Dec |
Summary: Homes in El Paso County had an average listing age of 57 days in Dec 2024, up by 4.2% compared to the previous month.
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Newest Listings in El Paso County, CO
What homes are available in El Paso County, CO?
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 3:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Listings courtesy of Unlock MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 1/17/2025, 3:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.