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Short Sale Listings in Odessa, TX

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Living in Odessa, TX

Odessa, TX is an economically thriving city that combines the charm of West Texas with modern amenities. Known for its significant contributions to the oil and gas industry, the community thrives on a rich cultural landscape. Families and individuals alike are drawn to its outdoor recreational opportunities and educational institutions.

Current Market Conditions in Odessa, TX

The real estate market in Odessa has seen a steady increase in property values, largely influenced by the demand for housing due to the booming local economy. Investors are noticing attractive returns on rental properties, making the area a hotspot for both new and seasoned investors.

With limited housing inventory and a growing influx of residents, competition among buyers is on the rise, leading to quicker sales and higher sale prices. This trend is expected to continue, indicating a favorable outlook for real estate investment in Odessa.

Home Value Estimator For Odessa, TX

There are currently 44,338 real estate properties in Odessa, TX, with a median automated valuation model (AVM) price of $216,779.00. 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 $243,357.00, 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.

Odessa, TX Short Sale Listings


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