December 2025: El Paso Real Estate Market Update

By Luis Perez, Broker/Owner – Center Real Estate

As we close out the year, here’s a clear and easy breakdown of what’s happening in the El Paso real estate market — and what to keep an eye on as we move into 2026. All data comes from the Greater El Paso Association of Realtors (GEPAR) and reflects November activity.

Home Prices: A Small but Meaningful Adjustment

The median sales price for November landed at $266,975, down about 2.9% from October’s $274,000.
You can explore more market data on the GEPAR Market Statistics Page.

This isn’t a major decline, but it’s a sign that the market is adjusting. Homes are staying on the market a bit longer, and we’re seeing more price reductions — a natural correction after years of rapid growth.

Why Late 2025 and Early 2026 Favor Buyers

Right now, buyers are in a unique “sweet spot” due to:

• Less competition

• Better negotiating power

• More opportunities with price adjustments

If you're thinking about buying soon, you can browse fresh listings on our site here:
👉 Search El Paso Homes for Sale

Closed Sales Are Down — And That Impacts Prices

November saw 593 closed sales, about 15% fewer than the previous month.

This slowdown is partly seasonal, but also influenced by:

• Economic uncertainty

• Regulatory changes

• Buyers and sellers pressing pause

When fewer homes sell, prices typically soften — matching the slight dip we're seeing.

Inventory: Low for Now, But Rising

Active inventory came in at 3,450 homes, down around 5.8%.

But here’s the twist: inventory is already climbing as December moves forward. More sellers are preparing to list, even during the holidays.

Neighborhood trends:

• Far East & Horizon: more options

• Central, West Side, Upper Valley: tighter supply

Homes Still Sell Fast

The average days on market is 31 days — still fast.
Well-priced homes in great areas continue to attract multiple offers.

If you're preparing to sell and want guidance:
👉 Get a Free Home Valuation

Price Per Square Foot: Steady

The median price per square foot sits at $159, slightly lower but mostly stable. This number varies significantly by location and subdivision.

New Listings Dip Seasonally — Normal for This Time of Year

November brought 697 new listings, about 30% fewer than October — completely normal for the fall season.

El Paso doesn't slow down like colder markets. Buyers and sellers active during the holidays tend to be serious and ready to move.

Looking Ahead to 2026

Here’s what we expect moving into the new year:

• More home sales — possibly the first meaningful increase in three years

• Stable interest rates with small potential dips

• Increased professionalism as industry changes reduce the number of part-time agents

If you're preparing to enter the market soon:
👉 Meet Our Full-Time Real Estate Team

Final Thoughts

I watch the market daily, and here’s what I’m seeing:

• Sellers are preparing

• Buyers are getting financially ready

• Confidence is returning

With inflation down and stability improving, 2026 looks poised to be more active than recent years.

Thank you for following our updates this year. We’ll be back in January with a fresh look at the El Paso market.

Wishing you and your family a Merry Christmas and a strong start to the new year! 🎄✨