El Paso-area home prices rise 0.8% in May, with houses for sale in high demand

Mike Stucka and Sean Lahman USA TODAY NETWORK
·2 min read

A typical El Paso County home was listed for $282,250 in May, up 0.8% from a month earlier, an analysis of data from Realtor.com shows.

The median list home price in May was up about 15.2% from May 2021. El Paso County's median home was 1,939 square feet for a listed price of $150 per square foot.

The El Paso County market was busy, with a median 31 days on market. A month earlier, homes had a median 38 days on market. The market added 780 new home listings in May, compared with the 756 added in May 2021. The market ended the month with some 1,002 listings of homes for sale.

Information on your local housing market is available through the USA TODAY Network, with more data from Realtor.com.

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Across all of Texas, median home prices were $397,000, rising 7.3% from a month earlier. The median Texas home for sale had 2,073 square feet at list price of $190 per square foot.

Across the United States, median home prices were $446,950, up 5.2% from a month earlier. The median American home for sale had 1,861 square feet, listed at $226 per square foot.

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The median home list price — the midway point of all the houses or units listed over a period of time — is used more often in this report instead of the average home list price because experts say the median offers a more accurate view of what's happening in a market. In finding the average price, all prices of homes listed are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.

The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from the Realtor.com residential listings database. The story was written by Mike Stucka and Sean Lahman.

This article originally appeared on El Paso Times: El Paso-area homes for sale rise to $282,250 median price