79701 Housing Market Report January 2025•Midland County, Texas

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Housing Prices in 79701, TX

How much do homes in 79701, TX cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$275,000$162/SqFt

Based on all homes listed in January 2025

Insight

The list price of homes in 79701 has remained the same since December.

Summary: The median home list price in 79701 was $275,000 in January 2025, the same as the previous month, and the median price per square foot was $162.

Median List Price By Zip Codes

Median List Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
79706
+5.2%
79705
+1.9%
79703
0.0%
79701
0.0%
79707
-1.7%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2024Jan 2025Change YoY
1--
N/A
2$154K$154K
0.0%
3$260K$265K
+1.9%
4$365.7K$368.8K
+0.9%
5$350K$350K
0.0%

Summary: 79701 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +1.9%. The home price for 4 bedroom homes increased by +0.9%. The home price for 5 bedroom homes did not change.

Housing supply in 79701, TX

How many homes are available in 79701, TX?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
98Last MonthJan 2025
732 months agoDec 2024
+34.2 %
Change MoMDec – Jan

Summary: The 79701 real estate market had 98 homes for sale in Jan 2025, a 34.2 % increase compared to Dec 2024.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
289
+12.5%
33752
+40.5%
42534
+36.0%
533
0.0%

Summary: 79701 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +12.5%. The inventory for 3 bedroom homes increased by +40.5%. The inventory for 4 bedroom homes increased by +36.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 79701, TX cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price3 Homes

Under Asking Price7 Homes

Insight

If you're buying a home in 79701, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 79701 in January 2025, up by 1,000.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and and 9% were sold over asking.

Days on Market for 79701, TX

How long does it take to sell a home in 79701, TX?

Breakdown of Home Sale Times

Under 30 Days5 Homes

30 – 90 Days3 Homes

Over 90 Days3 Homes

Insight

Many homes in 79701 are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 11 homes were sold in 79701; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
Last Month1 month agoChange MoM
91 DaysLast MonthJan 2025
93 Days1 month agoDec 2024
-1.8 %
Change MoMDec – Jan

Summary: Homes in 79701 had an average listing age of 91 days in Jan 2025, down by 1.8% compared to the previous month.

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Newest Listings in 79701, TX

What homes are available in 79701, TX?

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Nearby markets aren't available for 79701, TX

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MLS Disclaimers and Copyright

Based on information from Permian Basin MLS, and Odessa MLS for the period 12/01/2024 - 02/01/2025

Based on Information provided by the Multiple Listing Service of the Permian Basin Board of REALTORS®. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All the information provided must not be reproduced or redistributed. Copyright © 2025 Permian Basin Board of REALTORS®. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 2/13/2025, 4:15:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information is provided by Odessa Board of Realtors Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Odessa Board of Realtors. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 2/13/2025, 4:15:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.