79924
El Paso, Texas
El Paso 79924 is stable.
The 79924 ZIP code in El Paso, Texas has a median sale price of $200K, down -8.7% year-over-year. Homes spend an average of 42 days on market, with 12% of homes selling above list price.
Folio's PropIQ™ score of 65 signals Caution conditions. This market is holding steady. Monitor inventory shifts before committing.
ZIP code 79924 in El Paso is experiencing a corrective phase, with the median sale price settling at $199,900 after declining 8.7% year-over-year through February 2026. Homes are moving at a moderate pace, averaging 41.5 days on market, while only 12% of properties sell above asking price—a clear indicator of reduced buyer urgency compared to prior market conditions. This represents a significant shift from seller-favorable dynamics, with negotiating power transferring to the demand side as pricing adjusts downward.
The current environment favors cash buyers and patient purchasers with financing pre-arranged who can capitalize on the negative price momentum. Investors seeking rental properties may find value given the 8.7% price decline has likely compressed cap rates favorably, though due diligence on rent-to-price ratios remains essential. Sellers face headwinds, particularly those who purchased in the past 18 months, as the 41.5-day marketing period and low above-list activity suggest pricing must be competitive to secure contracts.
The PropIQ intelligence score of 65 signals caution rather than crisis, suggesting stabilization is more likely than continued steep declines. The 12% above-list metric indicates some competition persists for correctly-priced inventory, which could establish a price floor if maintained. Key forward indicators to monitor include whether days-on-market extends beyond 50 days and if the above-list percentage falls below 10%, either of which would confirm further softening ahead.
What is the median home price in 79924 El Paso?
The median sale price in 79924 is $200K, down -8.7% year-over-year as of 2026-02-28.
How long do homes stay on the market in El Paso 79924?
Homes in 79924 El Paso spend an average of 42 days on market before going under contract.
Is El Paso 79924 a good place to invest in real estate?
Folio's PropIQ™ score for 79924 is 65/100 — a Caution signal. 12% of homes sold above asking.
What does a PropIQ™ score of 65 mean for 79924?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 65 = Caution in 79924 El Paso, Texas.