Odessa, TX Foreclosures
How much do homes sell for in Odessa, TX?
The average home price is currently $242,066.
In Odessa, TX, how many homes are available?
There are currently 158 active home listings available in Odessa.
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 $11,627.
Living in Odessa, TX
Odessa, TX is a thriving city known for its history in the oil industry, vibrant cultural scene, and numerous amenities. With a warm climate and various recreational activities, it's a great place for families and individuals. Educational institutions further enhance the community's appeal, making Odessa a desirable location for those seeking a blend of opportunity and lifestyle.
Current Market Conditions in Odessa, TX
The real estate market in Odessa has seen significant growth in recent years, driven largely by the oil and gas industry. With an increasing population, housing demand has surged, leading to rising home values. The city's economic development initiatives continue to attract investors and homebuyers, contributing to a competitive market.
Recently, more buyers are entering the market due to low-interest rates, creating a tight inventory situation. Homes listed for sale frequently receive multiple offers, indicating a robust demand. As the economy stabilizes, the affordability of homes in Odessa remains attractive to many potential buyers.
Home Value Estimator For Odessa, TX
There are currently 44,340 real estate properties
in Odessa, TX,
with a median automated valuation model (AVM) price
of $217,144.00. 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 $242,066.00, 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 $11,627.00. 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.
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