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Short Sale Listings in El Paso, TX 79932

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El Paso, TX Foreclosures

How much do homes sell for in El Paso, TX?
The average home price is currently $255,921.
In El Paso, TX, how many homes are available?
There are currently 2 active home listings available in El Paso.
What’s the average rental cost in El Paso, TX?
The average rental price in El Paso is $1,224.
What is the most expensive home in El Paso?
The most expensive home sold in El Paso had a price of $12,745,100.
What is currently the cheapest priced home in El Paso, TX?
The cheapest home for sale in El Paso is priced at $14,429.

Living in El Paso, TX

El Paso, TX, is a dynamic city on the U.S.-Mexico border known for its cultural diversity, beautiful landscapes, and outdoor recreation. Residents enjoy a mix of urban amenities and serene parks, alongside a thriving economy and robust educational institutions. Whether you seek adventure or community, El Paso has something to offer everyone.

Current Market Conditions in El Paso, TX

The El Paso real estate market has been experiencing steady growth over the last few years, with demand driven by an increase in population and the area's appeal to newcomers seeking affordable housing. This trend has contributed to a rise in home prices while maintaining relative affordability compared to other major Texas cities like Austin and Dallas.

In recent months, the market has shown signs of resilience, with a balanced inventory that caters to various budgets. Buyers have been actively engaged, resulting in a competitive market particularly for single-family homes. The area continues to attract investment, with new developments and renovation projects underway.

Home Value Estimator For El Paso, TX

There are currently 204,685 real estate properties in El Paso, TX, with a median automated valuation model (AVM) price of $222,017.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in El Paso, TX, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in El Paso, TX, is $255,921.00, with the most expensive house in El Paso, TX, topping out at $12,745,100.00 and the cheapest home in El Paso, TX, clocking in at $14,429.00. In other words, there’s something for every potential homebuyer or savvy investor in El Paso, TX!

Rent Prices In El Paso, TX

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in El Paso, TX, is on a rollercoaster ride. The average rent price in El Paso, TX, is $1,224.00. Indeed, when looking to rent in El Paso, TX, you can expect to pay as little as $460.00 or as much as $4,240.00, with the average rent median estimated to be $1,170.00. The good news is that finding an affordable and desirable property to rent in El Paso, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

El Paso, TX 79932 Short Sale Listings

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