The Zillow Effect: How El Paso's Housing Market Transformed After Zestimate
Verkkothe el paso housing market area (hma) is coterminous with the el paso, tx metropolitan statistical area (msa) and includes el paso and hudspeth counties in. Verkkodespite the economy’s plunge into recession, u. s. Homeowners have reaped $3. 1 trillion in home value during the pandemic as a result of rising housing. Verkkozillow found that nearly two million renters unable to afford homes in metro areas could now afford to buy farther out because they no longer had to commute to work. Verkkothe average home value in el paso, tx is $224,150, up 4. 5% over the past year.
Verkkothis new version of the zestimate (v. 6. 7, for people counting) is a reflection of zillow’s obsession with accuracy and transparency around home. Verkkowhat is the housing market like in el paso today? In august 2024, el paso home prices were up 2. 4% compared to last year, selling for a median price of $251k. The el paso real estate market had 2,750 homes for sale in august 2024, a 1. 0% increase compared to july 2024. Homes for sale by bedroom count.