El Paso housing market shows modest gains in first half of 2026

El Paso's housing market is showing signs of stabilization as the first half of 2026 winds down, with prices climbing modestly and homes moving faster than a year ago, according to data reviewed by Redfin Real Estate and reported by KVIA.

The median sale price in the El Paso metro area reached $274,973 in the January-through-June period, up 3.5 percent compared to the same span last year. That outpaced the national median of $391,879, which rose just 1.5 percent year-over-year.

Activity also picked up slightly. Homes sold in El Paso totaled 767 during the first six months, a 3.7 percent increase from the prior year. Nationally, sales volume climbed 1.5 percent to 296,950 homes.

Yet inventory pressures persist locally. Active listings in the El Paso market fell 3.3 percent year-over-year to 3,722 homes, while new listings dropped 6.9 percent to 901. The national market saw active listings climb 2.6 percent to 1.48 million.

Days on market expanded in El Paso, with homes sitting for a median of 58 days, up 5.2 days from the year-ago period. Nationally, the median held at 49.5 days, an increase of 4.2 days.

El Paso's months of supply—a measure of how long it would take to sell all active homes at the current pace—was 3.8 months, down 0.4 months from the prior year. Nationally, months of supply remained flat at 3.9 months.

One bright spot: 29.9 percent of El Paso homes sold within two weeks of listing, up 6.8 percentage points from the prior year. Nationally, that share declined to 30.8 percent, down 1.1 points.

The share of homes selling above their original list price in El Paso was 22 percent, a slight decline of 0.6 points. Nationwide, 21.4 percent of homes sold above asking, down 1.6 points.

Redfin's analysis of multiple metrics suggests El Paso's market is cooling from pandemic-era peaks while remaining tighter on inventory than many other regions, particularly compared to Sun Belt cities where climate concerns have tempered demand.