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Condo Foreclosures in Odessa, TX 79766

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Odessa, TX Foreclosures

Current Market Conditions in in Odessa, TX As of February 2026?
In the past month, the real estate market in Odessa has experienced a continuation of its upward trend, with home sales increasing as buyers are eager to capitalize on lower mortgage rates. The inventory of homes remains limited, which has led to competitive bidding in certain neighborhoods, making it a seller's market. This increased demand reflects growing interest in the area, particularly among families and oil sector workers who are relocating for job opportunities.
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, combines a welcoming community with urban convenience, making it a desirable place to live. Known for its rich oil industry heritage, Odessa provides ample job opportunities and a variety of recreational activities. Families will enjoy the strong educational institutions and community engagement that Odessa offers.

Buyer vs Seller Market in Odessa, TX

The Odessa real estate market has shown resilience and growth over the past year, primarily driven by the region's economic stability linked to the oil and gas industry. Home values have appreciated, appealing to both investors and first-time home buyers looking for potential returns or personal space.

Competition among buyers has increased, leading to faster sales and a declining inventory of available homes. The demand for residential properties, especially single-family homes, remains strong, causing some prices to surge as new developments aim to meet this housing demand.

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 79766 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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