El Paso Market Data 2026

How to read this, and what the numbers are

What is counted. Closed single family residence sales reported to the El Paso MLS over the twelve months ending October 2026.

New construction means built 2024 or later. Resale means everything else. That is a clean line and it does not perfectly match what a builder calls new, so treat it as what it is: recently built homes versus everything else.

The middle sale. Rather than giving you three disconnected medians, each row below reports the actual transaction that sat in the exact middle of the price distribution for that segment, with its real square footage and its real days on market. One real house, not a statistical composite. It is more useful, because you can picture it.

One caution about days on market on new construction, and it matters. Builders frequently list a home when construction starts, so the days on market figure includes build time. A 445 day figure does not mean buyers rejected the home for fifteen months. It means the listing existed while the house was being poured, framed and finished. Compare new to new, and resale to resale. Comparing across the two is meaningless.

Every zip at a glance

That last column is the whole story of this city in one table.

79928 is a new construction market with a resale market inside it. 79912 is a resale market where new construction effectively does not exist. If you are shopping both, you are shopping two different industries.

79912, the core West Side

Resale, 626 sales

New construction, 3 sales

Three. All year. Out of 629 total sales.

We are not publishing a median on three transactions, because three transactions do not have a meaningful middle. What they do have is a story: all three were built in 2025, and they closed at $520,000, $559,000 and $915,000.

The scarcity is the finding. If you want a newly built home in the core West Side, there is essentially no inventory, and the handful that exist price well above the resale market. That tracks with the housing stock, where only around 200 of roughly 33,600 homes in this zip were built in 2010 or later. The full picture is in the West Side guide.

Note the price per square foot on the resale side, which is the lowest of any segment on this page. That is what a 1960s through 1980s housing stock looks like in the data.

79911, the far northwest

New construction, 88 sales

Resale, 176 sales

Two things stand out here.

This is the most expensive price per square foot on the page, on both sides. 79911 is a twenty-first century zip code and it prices like one.

And look at the resale days on market. Five. The middle resale home in 79911 was under contract in under a week. That is the tightest resale market of the four zips by a wide margin, and it says there is real demand with very little to buy.

79928, Horizon City and Eastlake

New construction, 1,295 sales

Resale, 745 sales

This zip sold more homes than any other on the page, by a wide margin, and almost two thirds of them were new.

And here is the uncomfortable number for anyone buying new out here. The middle new construction sale was $310,950 for 1,691 square feet. The middle resale was $260,000 for 1,875 square feet. The resale home is nearly 200 square feet larger and about $51,000 cheaper.

That gap is what you pay for new, and it is the honest reason a new home can take a few years to be worth what you paid. It is the dynamic behind the thing we have said on the Horizon page from the start: out here a new home goes down in value before it goes up, because you are competing with the builder next door who is still selling.

On the 445 day figure, see the caution at the top. That includes build time. It is not a measure of buyer interest.

The tax situation in this zip is its own problem, with four different rates inside one zip code running from about 1.84% to 3.45%. That is covered in the Horizon and 79928 guide and the special taxing district directory.

79938, the far east

New construction, 772 sales

Resale, 935 sales

The far east is the most balanced market of the four.

Price per square foot on new and resale is nearly identical, $164 against $160, which is unusual. In every other zip on this page new carries a clear premium per foot. Out here the two are close enough that the decision is genuinely about what you want rather than about what it costs you per square foot.

Note also that the middle resale home was built in 2022. This is a young resale market, which is why it behaves more like the new construction market than 79912's does.

And the resale days on market is 15. Clean, well-priced resale homes out here move.

What the four zips say when you put them together

New construction costs more per square foot than resale, everywhere, and the gap varies enormously. It is nearly $45 per foot in 79928, about $55 in 79911, and only about $4 in 79938. If you are deciding between new and used, which zip you are shopping changes how much that decision costs you.

Resale moves faster than new, everywhere, though remember that comparison is distorted by build time inside the new construction figures.

Volume is in the east. 79928 and 79938 together accounted for 3,747 of the 4,640 closed sales across these four zips. That is where El Paso is being built, and it has been for years.

And the West Side is a fixed supply market. 629 sales, three of them new. You cannot manufacture more 79912, which is the entire reason it behaves the way it does on price.