The story of this market
The typical home in Odessa, Texas sells for about $205,038, or $123 per square foot.
Prices are down 24.9% from a year ago, which gives buyers more room to negotiate. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,315 a month.
Monthly price momentum
Home values since 2015
+1.1%
TX · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Odessa, Texas
The Odessa housing market is currently experiencing a significant correction, with median sale prices down nearly 25% year-over-year and a sharp decline in sales volume. This downturn reflects the cyclical nature of the local energy-dependent economy, which is currently facing headwinds. Buyers and investors should exercise caution as the market adjusts to these lower price points and reduced liquidity.
1 verified foreclosure posting(s) on the ARED county ledger attributed to Odessa across its counties. Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).
Deterministic aggregate of 6 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved down 7.0% year over year.
Homes spend a median of 59 days on market with 12.9 months of supply — a slower-moving market.
18% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
1 foreclosure-ledger notice — 0.1 per 10,000 residents — a stable, low-distress profile.
- Cinergy Odessa Featuring EPIC4.57.3 mi
- Cinergy Midland South Featuring EPIC4.515.3 mi
- Urban Air Trampoline and Adventure Park419.2 mi
- Chuck E. Cheese3.617.8 mi
- Urban Air Trampoline and Adventure Park4.23.8 mi
- Cinergy Odessa Featuring EPIC4.57.3 mi
- Cinergy Midland South Featuring EPIC4.515.3 mi
- Golden Corral Buffet & Grill44 mi
- Ector County Coliseum4.42.9 mi
- Midland County Horseshoe4.518.4 mi
- Cinergy Odessa Featuring EPIC4.57.3 mi
- Cinergy Midland South Featuring EPIC4.515.3 mi
- Cinemark Century Odessa 124.24.3 mi
- McKinney Park4.51.3 mi
- Beal Park4.515.8 mi
- Permian Basin Petroleum Museum4.818.7 mi
- Museum of the Southwest4.419.1 mi
- Ellen Noël Art Museum4.73.8 mi
- Odessa Meteor Crater4.19 mi
- Bush Family Home State Historic Site4.619.4 mi
- McKinney Park4.51.3 mi
- Beal Park4.515.8 mi
- Sherwood Park4.33 mi
- Floyd Gwin Park4.31.5 mi
- Comanche Trail West Park4.61.6 mi
- Ratliff Ranch Golf Links4.25.4 mi
- Odessa Country Club4.66.1 mi
- Music City Mall4.13.8 mi
- Ross Dress for Less43.4 mi
- Marshalls4.14.9 mi
- dd's DISCOUNTS4.23.4 mi
- Burlington3.73.8 mi
- Midland International Air & Space Port4.211.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A major regional facility hosting concerts, rodeos, and trade shows, serving as a primary entertainment anchor for the city.
The primary indoor shopping destination in Odessa, providing a wide range of retail and dining options for local residents.
A system of municipal parks and green spaces that provide essential outdoor recreational opportunities and community gathering spots.
Odessa is well-suited for energy-sector workers, families seeking affordable housing in West Texas, and investors looking for value-add opportunities in a market that remains resilient despite its cyclical nature.
The city is served by major highway corridors that facilitate regional transit and logistics, though public transit options remain limited.
Odessa offers a variety of local amenities including the Ector County Coliseum, various city parks, and shopping districts like the Music City Mall, which serve as central hubs for community activity and regional commerce.
The rental market in Odessa is characterized by moderate vacancy pressure, with historical data indicating a soft market that fluctuates alongside the energy-driven workforce demand.
The economy is dominated by the oil and gas industry, with significant employment tied to the Permian Basin's energy production and support services.
Odessa's economy is heavily anchored by the oil and gas industry in the Permian Basin, leading to cyclical growth patterns that fluctuate with energy sector investment and global commodity prices.
Parcels in Odessa are subject to taxation by the city, Ector County, and the Ector County Independent School District, with potential additional levies from local utility or hospital districts.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
Data retrieved from Census Reporter and Census Bureau QuickFacts.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.