Prices, inventory, and demand — distilled every month into one clear verdict: buyer’s market or seller’s. The investor’s read, before you make an offer.
The median asking price in El Paso is about $320,000 as of Sep 2026, up 7.9% from a year ago. That is the asking price on listed homes, so sold-price and home-value sites show different numbers (why).
Only if you move fast. Sellers have more pull in El Paso than usual. Compared with 2017–2019 at this time of year, there are 48 pending sales per 100 listings, against 29 then, and there are 23% fewer homes for sale. Good homes go under contract quickly. If you want one, be ready to move in days.
Asking price per square foot in El Paso is up 4.0% over the last year. 15 of the 19 ZIP codes with at least 10 listings rose. 79922 led at up 16.5%, and 79902 trailed at down 5.9%. Broad gains like these are harder to fade. Over five years the pace has been 6.0% a year. Underwrite closer to that than to the last twelve months.
Ranked among the 77 Texas markets we track:
Asking prices are at their highest point on record. You are buying at the top. Underwrite it that way. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house. El Paso prices have risen in 109 of the last 111 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.
If you plan to sell in the next two years, move it up. This much buyer demand does not last. Right now it does your negotiating for you.
For every 100 homes still for sale, 48 are under contract. In 2017–2019 at this time of year it was 29. The rest are still waiting for a buyer. Few sellers are dropping their price. Asking prices are holding firm. Your discount will come from one stale listing.
The typical El Paso listing has been on the market 67 days. That is 15% shorter than a year ago. There are 2,400 homes for sale in El Paso. That is 2.8 times the tightest month on record, but below the peak of 3,943. Supply is shrinking against last year.
In El Paso, 36 out of every 100 households rent. Most own their home. The renter share is shrinking. Five years ago it was 39 in 100. El Paso added about 3,300 renter households in five years. Renter households here average 2.6 people. Families rent here. Buy bedrooms. Studios will sit.
Households grew 12% in five years. The housing stock grew 9%. Demand is outrunning supply. 7.3% of homes sit empty. That is normal for a healthy market.
The median El Paso household earns $61,541 a year. Incomes here have grown 4.8% a year since 2019. Home prices have outrun incomes. Locals are being priced out. A typical home costs 5.2 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. At 30% of income, a tenant on the median income can pay about $1,539 a month.
To see what one El Paso address would rent for and cash flow, run it through the app.
Read cash flow versus appreciation and how we read these numbers, then run the numbers on a deal.
The median asking price in El Paso is about $320,000 as of Sep 2026, up 7.9% from a year ago. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our El Paso figures cover 50 of the 51 ZIP codes with an El Paso mailing address, so citywide counts such as homes for sale run low.
Sellers have more pull in El Paso than usual. We compare El Paso with 2017–2019 at this time of year: there are 48 pending sales per 100 listings, against 29 then; there are 23% fewer homes for sale; 12% of sellers have cut their price, against 14% then.
Asking prices are at their highest point on record. You are buying at the top. Underwrite it that way. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house.
Across 9 full years, El Paso asking prices ran lowest in January, about 3.9% below the year's average. They peaked in November. The most homes for sale show up in November, about 6% above the yearly average.
Assume +6.0% a year. El Paso has grown about 6.0% a year for five years and for ten. That pace held before and after the 2020–2021 boom, so it is a fair long-run input. Prices rose 4.0% over the last year. Use it for timing. The five-year rate is the better guide.
HUD's fiscal year 2026 fair market rent for El Paso County is $1,191 a month for 2 bedrooms and $1,633 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.
ZIP 79903 is on both lists. That is rare. It is the one place in El Paso where leverage and growth overlap.
| ZIP | $/sqft, 2 yrs | $/sqft now | Buyers per home | For sale |
|---|---|---|---|---|
| 79905 | +17.8% | $134 | 0.67 | 18 |
| 79903 | +13.1% | $160 | 0.24 | 23 |
| 79911 | +12.2% | $218 | 0.43 | 73 |
| 79932 | +5.8% | $208 | 0.34 | 141 |
| 79928 | +5.7% | $185 | 0.43 | 823 |
Computed from each ZIP's own ten-year history. ZIPs with fewer than 10 homes for sale are excluded: a median across a handful of listings is noise, not a signal.
El Paso has 51 ZIP codes. Each links to its live market dashboard.
Closest matches on asking price, price per square foot, time on market, buyer demand, and price cuts.
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