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Condo Foreclosures in Odessa, TX 79762

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Odessa, TX Foreclosures

Current Market Conditions in in Odessa, TX As of January 2026?
Over the past month, the Odessa real estate market has seen a slight uptick in home prices, with an average increase of around 2% compared to the previous month. The low inventory coupled with high demand has created a competitive landscape for buyers, with many properties receiving multiple offers shortly after listing. This trend suggests that the market will remain robust for the foreseeable future as more people seek housing in the area. Additionally, mortgage rates still remain favorable, allowing more buyers to enter the market despite rising prices. Builders are also beginning to ramp up development to try and meet the demand, which may help ease the pressure on the tight housing supply.
How much do homes sell for in Odessa, TX?
The average home price is currently $249,079.
What’s the average rental cost in Odessa, TX?
The average rental price in Odessa is $1,452.
What is the most expensive home in Odessa?
The most expensive home sold in Odessa had a price of $16,938,300.
What is currently the cheapest priced home in Odessa, TX?
The cheapest home for sale in Odessa is priced at $11,395.

Living in Odessa, TX

Odessa, TX is a growing city that offers a unique combination of history and modern amenities. Known for its strong ties to the oil industry, Odessa provides a variety of job opportunities, excellent schools, and a lively cultural scene. The city's numerous parks and recreational activities make it an attractive place for families and outdoor enthusiasts alike.

Buyer vs Seller Market in Odessa, TX

Odessa's real estate market has experienced steady growth in recent years, reflecting the city's expanding economy and population. The demand for homes has increased, and new developments are underway to meet the needs of new residents. Inventory levels are currently low, leading to competitive bidding among buyers, particularly for single-family homes in desirable neighborhoods.

The market is characterized by rising home prices, with average listings seeing significant appreciation over the past year. Real estate investment is appealing in Odessa due to the ongoing job growth and the influx of new residents moving to the area for work.

Home Value Estimator For Odessa, TX

There are currently 45,848 real estate properties in Odessa, TX, with a median automated valuation model (AVM) price of $223,354.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Odessa, TX, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Odessa, TX, is $249,079.00, with the most expensive house in Odessa, TX, topping out at $16,938,300.00 and the cheapest home in Odessa, TX, clocking in at $11,395.00. In other words, there’s something for every potential homebuyer or savvy investor in Odessa, TX!

Rent Prices In Odessa, TX

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Odessa, TX, is on a rollercoaster ride. The average rent price in Odessa, TX, is $1,452.00. Indeed, when looking to rent in Odessa, TX, you can expect to pay as little as $490.00 or as much as $2,820.00, with the average rent median estimated to be $1,440.00. The good news is that finding an affordable and desirable property to rent in Odessa, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Odessa, TX 79762 Condos

Market Trend for Odessa, TX

Total Listings Available: 0

Market Values:

Home Prices from $11,395 to $16,938,300

Average Sales Price: $249,079

Rental Values:

Rental from $490 to $2,820

Average Rent Value: $1,452 / month

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