79703 Housing Market Report February 2025•Midland County, Texas

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Housing Prices in 79703, TX

How much do homes in 79703, TX cost?

Housing Market Conditions

Is 79703, 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

79703 is a Seller's Market

Difference Since January 2025

Last month, 79703 has remained a Seller's Market.

Insight

79703 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.
$243,950$174/SqFt
-$21,050
-7.9%

Based on all homes sold in February 2025

Insight

Homes in 79703 have sold for 7.9% less than they did a month ago.

Summary: The median home sold price in 79703 was $243,950 in February 2025, down 7.9% from last month, and the median price per square foot was $174.

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%
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--
N/A
2-$175K
N/A
3$230K$239.9K
+4.3%
4$394.3K$278K
-29.5%
5$206K$430K
+108.7%

Summary: 79703 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 increased by +4.3%. The home price for 4 bedroom homes decreased by -29.5%. The home price for 5 bedroom homes increased by +108.7%.

How does 79703, TX compare with other places?

Market comparison tool

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

79703, TX

Housing supply in 79703, TX

How many homes are available in 79703, 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
61Last MonthFeb 2025
602 months agoJan 2025
+1.7 %
Change MoMJan – Feb

Summary: The 79703 real estate market had 61 homes for sale in Feb 2025, a 1.7 % 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
14Last MonthFeb 2025
162 months agoJan 2025
-12.5 %
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
100
0.0%
267
+16.7%
33135
+12.9%
41916
-15.8%
543
-25.0%

Summary: 79703 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 +16.7%. The inventory for 3 bedroom homes increased by +12.9%. The inventory for 4 bedroom homes decreased by -15.8%. The inventory for 5 bedroom homes decreased by -25.0%.

Asking Price vs. Sold Price

How much do homes in 79703, 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 Price8 Homes

Under Asking Price6 Homes

Insight

If you're buying a home in 79703, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

Summary: A total of 14 homes were sold or pending in 79703 in February 2025, down by 12.5% month-over-month. Of the 14 sold homes, 43% were sold under asking, 57% were sold at asking, and and 0% were sold over asking.

Days on Market for 79703, TX

How long does it take to sell a home in 79703, TX?

Breakdown of Home Sale Times

Under 30 Days7 Homes

30 – 90 Days5 Homes

Over 90 Days2 Homes

Insight

Many homes in 79703 are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 14 homes were sold in 79703; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% 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
37 DaysLast MonthFeb 2025
64 Days1 month agoJan 2025
-41.5 %
Change MoMJan – Feb

Summary: Homes in 79703 had an average listing age of 37 days in Feb 2025, down by 41.5% compared to the previous month.

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Newest Listings in 79703, TX

What homes are available in 79703, TX?

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Nearby markets aren't available for 79703, TX

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MLS Disclaimers and Copyright

Based on information from Permian Basin MLS, Odessa MLS, and Houston REALTORS® Information Service 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, 7:15:56 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, 7:15:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Broker ReciprocityDisclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.

Copyright© 2025 Houston Realtors Information Service, Inc. 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, 7:24:42 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.