79701 Housing Market Report February 2025•Midland County, Texas

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Housing Prices in 79701, TX

How much do homes in 79701, TX cost?

Housing Market Conditions

Is 79701, TX a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

79701 is a Seller's Market

Difference Since January 2025

Last month, 79701 was a Buyer's Market.

Insight

79701 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$255,000$171/SqFt
-$5,000
-1.9%

Based on all homes sold in February 2025

Insight

Homes in 79701 have sold for 1.9% less than they did a month ago.

Summary: The median home sold price in 79701 was $255,000 in February 2025, down 1.9% from last month, and the median price per square foot was $171.

Median Sold Price By Zip Codes

Median Sold 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 MoM
79706
-0.8%
79701
-1.9%
79705
-4.4%
79703
-7.9%
79707
-18.6%

Median Sold Price By Bedrooms

Median Sold 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.
BedsJan 2025Feb 2025Change MoM
1-$95K
N/A
2-$178.5K
N/A
3$260K$257.5K
-1.0%
4$355K$347.5K
-2.1%
5--
N/A

Summary: 79701 housing price by bedroom type for February 2025, compared to the previous month. 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 decreased by -1.0%. The home price for 4 bedroom homes decreased by -2.1%. The home price for 5 bedroom homes did not change.

How does 79701, TX compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

79701, TX

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
109Last MonthFeb 2025
922 months agoJan 2025
+18.5 %
Change MoMJan – Feb

Summary: The 79701 real estate market had 109 homes for sale in Feb 2025, a 18.5 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
23Last MonthFeb 2025
122 months agoJan 2025
+91.7 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
111
0.0%
2913
+44.4%
34655
+19.6%
43436
+5.9%
524
+100.0%

Summary: 79701 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +44.4%. The inventory for 3 bedroom homes increased by +19.6%. The inventory for 4 bedroom homes increased by +5.9%. The inventory for 5 bedroom homes increased by +100.0%.

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 Price0 Home

At Asking Price4 Homes

Under Asking Price19 Homes

Insight

If you're buying a home in 79701, you may be able to get a good deal. 82.6% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 79701 in February 2025, up by 91.7% month-over-month. Of the 23 sold homes, 83% were sold under asking, 17% were sold at asking, and and 0% 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 Days10 Homes

30 – 90 Days8 Homes

Over 90 Days5 Homes

Insight

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

Summary: During February 2025, 23 homes were sold in 79701; 43% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
66 DaysLast MonthFeb 2025
56 Days1 month agoJan 2025
+17.3 %
Change MoMJan – Feb

Summary: Homes in 79701 had an average listing age of 66 days in Feb 2025, up by 17.3% 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, Odessa MLS, and North Texas Real Estate Information Systems Inc. for the period 01/01/2025 - 03/01/2025

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: 3/17/2025, 5:15:55 AM 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: 3/17/2025, 5:15:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX ©2025 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
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: 3/17/2025, 5:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.