New Listing
2
$27,000
1207 Wilson St
Odessa, TX 79763
Land4,356 sqft lot
Adrian Lujan · Meraki Home Realty, LLC
View photos & details
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Odessa, TX Housing Market
Buyer's market+4.1% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Odessa, TX is worth $251,624, rose 4.1% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $189,000, +14.5% year over year (through May 2026). With 141.3 months of supply and homes going under contract in about 67 days, Odessa is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $251,624 home is about $1,343/mo in principal and interest.
Key numbers for Odessa, TX
Typical home value
$251,624
+4.1% in 12 months
Zillow, August 2026
Typical asking rent
$1,553/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$189,000
+14.5% year over year
Redfin, through May 2026
Days on market
67
Slow-moving
Redfin, through May 2026
Active listings
424
141.3 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$73,030
Home costs 3.4x income
U.S. Census ACS, 2023
Sale-to-list ratio
97.7%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Odessa a buyer's or seller's market?
Buyer's market141.3 months of supply67 days on market97.7% of asking
Odessa, TX is a buyer's market, based on 141.3 months of supply and homes selling in about 67 days. Above 7 months of supply is a glut: inventory is well ahead of the sales pace, and buyers can take time to inspect, compare, and negotiate concessions.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Odessa housing market data show?
Every row below is Redfin's final published month for Odessa, TX. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $189,000 |
| Median list price | $305,000 |
| Year-over-year price change | +14.5% |
| Median price per sq ft | $110/sq ft |
| Median days on market | 67 days |
| Active inventory | 424 listings |
| Months of supply | 141.3 months |
| Sale-to-list price ratio | 97.7% |
| Homes sold (that month) | 3 |
| New listings (that month) | 199 |
| Listings with a price cut | 32.3% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Odessa is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Odessa is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Odessa home prices moved?
Over the last three years the median sale price in Odessa, TX fell 19.6%, from $235,000 to $189,000. The live Zillow value series has rose 4.1% in the last 12 months, which is the more current read now that Redfin's series has stopped. 32.3% of Odessa listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 141.3 months while the sale-to-list ratio slips below its current 97.7%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Odessa?
Priced off the typical home value of $251,624 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $50,325 | $201,299 | $1,343/mo |
| 5% | $12,581 | $239,043 | $1,595/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,343, that implies roughly $57,570 a year before you add taxes and insurance. The median household in Odessa earns $73,030, about $15,460 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.4x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Odessa in the next 12 months?
Tell us your timeline. We send the Odessa market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Odessa?
Typical asking rent in Odessa, TX is $1,553/mo, against a typical home value of $251,624. That is a price-to-rent ratio of 13.5x, which means buying tends to beat renting on monthly cost over a typical hold. Compared head to head, 20% down puts principal and interest at $1,343 a month — $209 less than renting before taxes and insurance, so ownership can win on monthly cost alone once you have the down payment.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Odessa?
Active listings in Odessa, TX went from 316 in December 2024 to 424 in May 2026, a +34.2% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| January 2025 | 326 | 172 |
| February 2025 | 308 | 164 |
| March 2025 | 275 | 165 |
| April 2025 | 275 | 138 |
| May 2025 | 287 | 175 |
| June 2025 | 314 | 168 |
| August 2025 | 352 | 136 |
| October 2025 | 415 | 196 |
| November 2025 | 411 | 119 |
| February 2026 | 385 | 174 |
| April 2026 | 405 | 179 |
| May 2026 | 424 | 199 |
Redfin, through May 2026
How does Odessa compare to Texas and the U.S.?
Odessa homes sell for $189,000 — 47% below the Texas median of $356,100. Against the national median of $410,700, Odessa runs 54% lower. Year-over-year, Odessa moved +14.5% against Texas's +2.1% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Odessa, TX | $189,000 | +14.5% | 67 days |
| Texas statewide | $356,100 | +2.1% | 56 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Odessa
What buyers should watch
- Months of supply, currently 141.3. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 32.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $252 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $251,624 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Odessa listing goes under contract in 67 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 97.7% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Odessa added 199 new listings against 3 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +4.1% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Odessa varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Odessa
There are currently 424 homes listed for sale in Odessa, Texas. The median listing price is $305K. Featured listings range from $27,000 to $400,000.
New Listing
2
$65,000
N
Odessa, TX 79763
Land1.07 acres
Maribel Montes · Beyond Realty, LLC
View photos & details
New Listing
16
$65,000
1205 Wilson St
Odessa, TX 79763
2 bd1 ba816 sqft$80/ft²
House4,356 sqft lot
Adrian Lujan · Meraki Home Realty, LLC
View photos & details
New Listing
2
$65,000
N
Odessa, TX 79763
Land1.06 acres
Maribel Montes · Beyond Realty, LLC
View photos & details
New Listing
12
$135,000
2706 N Hancock Ave
Odessa, TX 79762
2 bd2 ba1,909 sqft$71/ft²
House7,275 sqft lot
Deanna Bledsoe/ Cindy Beason · All City Real Estate Ltd. Co.
View photos & details
New Listing
64
$175,000
6805 W 23rd St
Odessa, TX 79763
3 bd2 ba1,568 sqft$112/ft²
Mobile home28,288 sqft lot
Jeanette Bommersbach · TROWER REALTORS
View photos & details
New Listing
13
$200,000
11758 W Kesler St
Odessa, TX 79764
3 bd2 ba1,536 sqft$130/ft²
House18,369 sqft lot
Jenn Roussin · Real Broker, LLC
View photos & details
New Listing
22
$215,000
1211 French Ave
Odessa, TX 79761
2 bd3 ba1,723 sqft$125/ft²
condo townhome rowhome coop3,049 sqft lot
Judy Johnson · Exit Realty of Lubbock
View photos & details
New Listing
21
$260,000
3632 E Everglade Ave
Odessa, TX 79762
4 bd2 ba1,929 sqft$135/ft²
House7,841 sqft lot
Ashley Galindo · Home Charm Realty, LLC
View photos & details
New Listing
27
$285,000
6200 Eastridge Dr
Odessa, TX 79762
3 bd2 ba2,235 sqft$128/ft²
condo townhome rowhome coop4,922 sqft lot
Carrie Shaver · Carrie Shaver Realty, LLC
View photos & details
New Build
25
$381,990
7610 Wolf Creek Rd
Odessa, TX 79765
4 bd2 ba2,035 sqft$188/ft²
House
View photos & details
New Listing
43
$400,000
7104 Oconnor Rd
Odessa, TX 79765
4 bd3 ba2,636 sqft$152/ft²
House6,882 sqft lot
Sara Lillestol · Keller Williams Realty - Midland & Odessa
View photos & details
Looking to buy in Odessa?
Get connected with a local real estate expert — free, no obligation.
Active listings
424
Homes on market
Median list price
$305K
Avg. days on market
67
Days until sale
New this week
199
Newly listed
Price drops:32.3%of listings
Sale-to-list:97.7%
How much do homes cost in Odessa by property type?
How the Odessa, TX market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $163,750 | $88/sq ft | 2 | 70 days |
| Townhouse | $189,000 | $110/sq ft | 1 | 67 days |
Who lives in Odessa?
American Community Survey estimates for Odessa. U.S. Census ACS, 2023
Population
114,080
Households
44,987
Median income
$73,030/yr
Median age
31 years
Owner-occupied
59.2%
Median home value
$208,000
Median gross rent
$1,322/mo
Mean commute
22.2 min
59.2% of occupied homes in Odessa are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $208,000 against Zillow's $251,624 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,322/mo, below Zillow's $1,553/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Odessa?
50 schools tracked · 36,899 students
The largest public schools serving Odessa, TX by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
PERMIAN H S
Grades 9-12 · 4,126 students
ODESSA H S
Grades 9-12 · 3,769 students
COMPASS ACADEMY CHARTER SCHOOL
Grades K-12 · 1,448 students
ECTOR COLLEGE PREP SUCCESS ACADEMY
Grades 6-8 · 1,369 students
NIMITZ MIDDLE
Grades 6-8 · 1,312 students
WILSON & YOUNG MEDAL OF HONOR MIDDLE
Grades 6-8 · 1,193 students
MURRY FLY EL
Grades PK-5 · 1,089 students
CROCKETT MIDDLE
Grades 6-8 · 1,019 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Odessa, TX?
Ordered by distance from Odessa, not by size. Compare Odessa side by side with any of them.
Which ZIP codes are in Odessa?
These are the ZIP codes we see on active Odessa listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Odessa housing market FAQ
Is Odessa a buyer's or seller's market?
Odessa, TX is currently a buyer's market. That read comes from 141.3 months of supply, homes going under contract in about 67 days, and sellers getting 97.7% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Odessa?
The typical home in Odessa, TX is worth $251,624 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $189,000, about $110 per square foot.
Is Odessa cheaper than the rest of Texas?
Odessa's median sale price of $189,000 is 47% lower than the Texas statewide median of $356,100, and 54% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Odessa?
Homes in Odessa, TX spent a median of 67 days on market before going under contract, versus 56 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Odessa?
At the current 30-year fixed rate of 7.03%, 20% down on a $251,624 home is about $1,343 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $57,570 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $73,030.
Are home prices rising in Odessa?
The typical home value in Odessa, TX rose 4.1% over the last 12 months, from $241,655 to $251,624 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Odessa?
Odessa ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Odessa?
That depends on your timeline, not on a headline. What the data says today: Odessa, TX is a buyer's market with 141.3 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 13.5x means buying tends to beat renting on monthly cost over a typical hold. Properties Incorporated publishes the data; it does not give financial advice.
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