In September, home prices fell moderately from the month before, with a median listing price of $294,950.
The number of listings on the market grew 1.9% from last month, which is a bigger increase than normal for this time of the year in El Paso, and homes are also selling close to the same pace as the same time last year.
Home prices in El Paso
Typically, home price per square foot in El Paso tend to rise in September. And the most recent data shows that the price per square foot increased by 0.3% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in the Sun City are outpacing the national market.
El Paso inventory
In September, there were 2,481 homes for sale in El Paso, which was 1.9% more than the month before and 19.2% more than the same time last year…