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Featured local agent — Odessa, TX

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Sarah Mitchell

CNESRESABR

Compass Real Estate · Odessa, TX

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Odessa, TX(512) 555-0184TX License #0512847

Visit website →sarahmitchellhomes.com

5.0 · 47 reviews

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Odessa, TX Housing Market & Real Estate

Buyer's market+14.5% YoY

Housing market overview · Updated monthly · Data refreshed May 2026

$189,000median sale price

How is the Odessa, TX housing market right now?

The median home sale price in Odessa, TX is $189,000, up 14.5% year-over-year. Homes sell in an average of 67 days with 424 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)

Is Odessa a buyer's or seller's market?

Buyer's market141.3 months of supply67 avg. days on market

Odessa, TX is currently a buyer's market, based on 141.3 months of supply and homes selling in about 67 days. How we determine this →

Homes sold

Last 12 weeks

Days on market

Average pace

Active listings

424

141.3 months supply

Sale-to-list

97.7%

Below asking

What does the Odessa housing market data show?

Current housing market statistics for Odessa, TX
Metric	Value
Median sale price	$189,000
Median list price	$305,000
Year-over-year price change	+14.5%
Average days on market	67 days
Active inventory	424 listings
Months of supply	141.3 months
Sale-to-list price ratio	97.7%
Median price per sq ft	$110/sq ft
Homes sold (latest month)	3
New listings (latest month)	199
Listings with a price cut	32.3%
Market condition	Buyer's market

Source: Redfin · Updated monthly

How much do homes cost in Odessa by property type?

How the Odessa, TX market breaks down across single-family homes, condos, and townhouses.

Median price, price per square foot, homes sold and days on market by property type in Odessa, TX
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

Source: Redfin · Updated monthly

The Odessa housing market is currently classified as a buyer's market with a median sale price of $189,000. Prices have risen 14.5% compared to last year, with homes spending an average of 67 days on market, indicating 141.3 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 3.5x provides context for how home values compare to local earning capacity.

Market trends

House4,356 sqft lot

Adrian Lujan · Meraki Home Realty, LLC

View photos & details

New Listing

$65,000

Odessa, TX 79765

4 bd2 ba2,035 sqft$188/ft²

House

View photos & details

New Listing

$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

Days until sale

New this week

199

Newly listed

Price drops:32.3%of listings

Sale-to-list:97.7%

Who lives in Odessa?

Population

114,080

Median income

$73,030/yr

Median age

31 years

Owner-occupied

59.2%

College grads

18.3%

Avg commute

22.2 min

Source: U.S. Census Bureau ACS

What are homes worth in Odessa?

Zillow home value

$253,500

Zillow rent index

$1,537/mo

Price-to-rent ratio

13.7x

Price-to-income

3.5x

Source: Zillow Research

What is it like to live in Odessa?

Odessa is a community of approximately 114K residents with a median age of 31 years.The median household income is $73,030, which represents a working-class community with solid middle-income opportunities. 18.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.

Homeownership rates are at 59.2%, showing a blend of owner and renter-occupied properties. The average commute time is 22.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Odessa offers a balanced lifestyle with accessible home values relative to local income levels.

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

Public

ODESSA H S

Grades 9-12 · 3,769 students

Public

COMPASS ACADEMY CHARTER SCHOOL

Grades K-12 · 1,448 students

Charter

ECTOR COLLEGE PREP SUCCESS ACADEMY

Grades 6-8 · 1,369 students

Charter

NIMITZ MIDDLE

Grades 6-8 · 1,312 students

Public

WILSON & YOUNG MEDAL OF HONOR MIDDLE

Grades 6-8 · 1,193 students

Public

MURRY FLY EL

Grades PK-5 · 1,089 students

Public

CROCKETT MIDDLE

Grades 6-8 · 1,019 students

Public

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?

Want a head-to-head view? Compare Odessa side-by-side with any other U.S. city using our market-comparison tool.

Midland

Stanton

Big Spring

Lamesa

Coahoma

Tahoka

Snyder

Ropesville

Which ZIP codes are in Odessa?

79763 79762 79764 79761 79765

Is Odessa a good real estate investment market?

For investors evaluating Odessa, the price-to-rent ratio of 13.7x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 14.5% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Odessa's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Odessa's median home price.

Frequently asked questions

What is the average home price in Odessa?

The median home sale price in Odessa is $189,000, up 14.5% from last year.

How long do homes stay on market in Odessa?

Homes typically spend 67 days on market before going under contract.

What is the median income in Odessa?

The median household income is $73,030 per year.

Is Odessa a buyer's or seller's market?

With 141.3 months of supply, Odessa is currently a buyer's market.

How many homes are for sale in Odessa?

There are currently 424 homes listed for sale in Odessa, TX.

What is the Zillow home value estimate for Odessa?

The Zillow Home Value Index (ZHVI) for Odessa is $253,500, representing the typical home value in the area.

How much does a single-family home cost in Odessa?

The median single-family home price in Odessa, TX is $163,750 (about $88 per square foot).

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