Odessa Housing Market Report January 2025•Ector County, Texas

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Housing Prices in Odessa, TX

How much do homes in Odessa, 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.
$289,900$155/SqFt
+$120,000
+70.6%

Based on all homes listed in the last 12 months

Insight

The list price of homes in Odessa has increased by 70.6% since last year.

Summary: The median home list price in Odessa was $289,900 in January 2025, up 70.6% from the previous year, and the median price per square foot was $155.

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.
BedsJan 2024Jan 2025Change YoY
1$30K$75K
+150.0%
2$65K$160K
+146.2%
3$117K$272.4K
+132.9%
4$401.6K$369.9K
-7.9%
5$469.9K$438K
-6.8%

Summary: Odessa housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +150.0%. The home price for 2 bedroom homes increased by +146.2%. The home price for 3 bedroom homes increased by +132.9%. The home price for 4 bedroom homes decreased by -7.9%. The home price for 5 bedroom homes decreased by -6.8%.

Housing supply in Odessa, TX

How many homes are available in Odessa, 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
523Last MonthJan 2025
3432 months agoDec 2024
+52.5 %
Change MoMDec – Jan

Summary: The Odessa real estate market had 523 homes for sale in Jan 2025, a 52.5 % 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
146
+50.0%
22336
+56.5%
3183274
+49.7%
4116176
+51.7%
51731
+82.4%

Summary: Odessa housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +50.0%. The inventory for 2 bedroom homes increased by +56.5%. The inventory for 3 bedroom homes increased by +49.7%. The inventory for 4 bedroom homes increased by +51.7%. The inventory for 5 bedroom homes increased by +82.4%.

Asking Price vs. Sold Price

How much do homes in Odessa, 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 Price3 Homes

At Asking Price23 Homes

Under Asking Price33 Homes

Insight

If you're buying a home in Odessa, you may be able to get a good deal. 55.9% of homes here sold below asking price last month.

Summary: A total of 59 homes were sold or pending in Odessa in January 2025, up by 1,375.0% month-over-month. Of the 59 sold homes, 56% were sold under asking, 39% were sold at asking, and and 5% were sold over asking.

Days on Market for Odessa, TX

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

Breakdown of Home Sale Times

Under 30 Days27 Homes

30 – 90 Days15 Homes

Over 90 Days17 Homes

Insight

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

Summary: During January 2025, 59 homes were sold in Odessa; 46% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 29% 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.
This Year1 year agoChange YoY
81 DaysThis YearJan 2025
196 Days1 year agoJan 2024
-58.7 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Odessa had an average listing age of 81 days in Jan 2025, down by 58.7% compared to the previous year.

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Newest Listings in Odessa, TX

What homes are available in Odessa, TX?

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Nearby markets

Nearby markets aren't available for Odessa, TX

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MLS Disclaimers and Copyright

Based on information from Odessa MLS, Permian Basin MLS, North Texas Real Estate Information Systems Inc., Greater Tyler Association of REALTORS Multiple Listing Service, and Houston REALTORS® Information Service for the period 02/01/2023 - 02/01/2025

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, 2:15:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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, 2:15:55 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: 2/13/2025, 2:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is 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. This information is deemed reliable, but not guaranteed. Copyright © 2025 Greater Tyler Association of REALTORS® All rights reserved.

The information on this web site 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. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
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, 2:15:55 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: 2/13/2025, 2:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.