Odessa Housing Market Report February 2025•Ector County, Texas

hero building illustration for mobile

Housing Prices in Odessa, TX

How much do homes in Odessa, TX cost?

Housing Market Conditions

Is Odessa, 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

Odessa is a Buyer's Market

Difference Since January 2025

Last month, Odessa has remained a Buyer's Market.

Insight

Odessa is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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.
$268,000$152/SqFt
+$32,500
+13.8%

Based on all homes sold in February 2025

Insight

Homes in Odessa have sold for 13.8% more than they did a month ago.

Summary: The median home sold price in Odessa was $268,000 in February 2025, up 13.8% from last month, and the median price per square foot was $152.

Median Sold Price By Cities

Median Sold Price By Cities
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
Odessa
+13.8%
West Odessa-Goldsmith
+2.9%
Midland South
-21.4%

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$69K$75K
+8.7%
2$105K$160K
+52.4%
3$229.9K$252.4K
+9.8%
4$312.5K$357.9K
+14.5%
5$355K$271.5K
-23.5%

Summary: Odessa housing price by bedroom type for February 2025, compared to the previous month. The home price for 1 bedroom homes increased by +8.7%. The home price for 2 bedroom homes increased by +52.4%. The home price for 3 bedroom homes increased by +9.8%. The home price for 4 bedroom homes increased by +14.5%. The home price for 5 bedroom homes decreased by -23.5%.

How does Odessa, TX compare with other places?

Market comparison tool

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

Odessa, TX

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
600Last MonthFeb 2025
4892 months agoJan 2025
+22.7 %
Change MoMJan – Feb

Summary: The Odessa real estate market had 600 homes for sale in Feb 2025, a 22.7 % 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
84Last MonthFeb 2025
692 months agoJan 2025
+21.7 %
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
166
0.0%
23533
-5.7%
3260321
+23.5%
4163206
+26.4%
52534
+36.0%

Summary: Odessa 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 decreased by -5.7%. The inventory for 3 bedroom homes increased by +23.5%. The inventory for 4 bedroom homes increased by +26.4%. The inventory for 5 bedroom homes increased by +36.0%.

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 Price11 Homes

At Asking Price36 Homes

Under Asking Price36 Homes

Insight

If you're buying a home in Odessa, you may be able to get a good deal. 43.4% of homes here sold below asking price last month.

Summary: A total of 84 homes were sold or pending in Odessa in February 2025, up by 21.7% month-over-month. Of the 83 sold homes, 43% were sold under asking, 43% were sold at asking, and and 13% 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 Days39 Homes

30 – 90 Days25 Homes

Over 90 Days19 Homes

Insight

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

Summary: During February 2025, 84 homes were sold in Odessa; 46% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 23% 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
57 DaysLast MonthFeb 2025
61 Days1 month agoJan 2025
-6.5 %
Change MoMJan – Feb

Summary: Homes in Odessa had an average listing age of 57 days in Feb 2025, down by 6.5% compared to the previous month.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in Odessa, TX

What homes are available in Odessa, TX?

See More Listings

Nearby markets

Nearby markets aren't available for Odessa, TX

Popular Cities with Homes for Sale in Texas

MLS Disclaimers and Copyright

Based on information from Odessa MLS, Permian Basin MLS, North Texas Real Estate Information Systems Inc., Houston REALTORS® Information Service, and Greater Tyler Association of REALTORS Multiple Listing Service for the period 01/01/2025 - 03/01/2025

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: 3/17/2025, 10:15:56 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: 3/17/2025, 10:15:56 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, 10:20:53 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, 10:20:52 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: 3/17/2025, 10:15:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.