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Odessa, TX housing market

Odessa, TX housing market data from public sources. Also days on market, price cuts, affordability and ZIP-code figures.

A median sale price for Odessa, TX is awaiting sufficient closed-sale data for the current window.

On median days on market, Odessa (53 days) ranks 22nd of the 25 Texas metros Pecan Street tracks, between Midland (55 days) and Lubbock (50 days). On share of listings with a price cut, Odessa (35%) ranks 9th of the 25 Texas metros, between Killeen – Temple (35%) and Longview (34%).

Listings spent a median 53 days on market in Sep 2026, fewer than in most of the 385 U.S. metros Pecan Street ranks on this measure. 35% of active listings carry a price cut; the 3-month average vs a year earlier is 0.1 points lower. That share is lower than in most of the 385 metros. Building permits authorized 96 new housing units in Sep 2026.

Active listings ask a median $163 per square foot; the 3-month average vs a year earlier is up 1.0%.

In four of the seven ZIP codes in the table below, median list prices are lower than a year earlier; three are higher.

Headline

Median sale price for Odessa is unavailable for the current window — likely insufficient closed-sale data this period.

How Odessa compares to other U.S. metros

Days on market↓246th of 385
Price cuts↓234th of 385

Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.

Affordability

Asking price / sq ft$163 +1.0% 3-month average vs a year earlier

Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Sep 2026.

Market pressure

Listings with a price cut≈ 35% -0.1 pts 3-month average vs a year earlier
↓234th of 385
New housing units permitted96

Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Sep 2026. New housing units authorized by residential building permits in the metro that month — new supply in the pipeline, which counts of existing listings don't capture (US Census Bureau, Building Permits Survey), as of Sep 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.

Market facts

ZIPs with listing data7 shown of 9
MLS board of recordPermian Basin Board of REALTORS
Price methodology—
Sale-price window—

Recent signals

No signals flagged for this market right now.

Recent notable readings

Readings from the latest data that sit at one end of the U.S. metros Pecan Street tracks, from the nightly cross-metro comparison. They are not signal alerts.

Housing Economy

Odessa · ConstructionCOPIED

Odessa builders pulled 64.2% more single-family permits than a year earlier

Single-family building permits in the Odessa metro area, by month, one line per year, units

AprJulOct0408012016020252026
AprJulOct0408012016020252026
2024
Chart data
Month202420252026
Dec39103—
Nov35128—
Oct108103—
Sep1315596
Aug913667
Jul15886102
Jun5356126
May814772
Apr2169105
Mar11040131
Feb8691154
Jan9110776

Source: U.S. Census Bureau, Building Permits Survey · data through September 2026

Builders in the Odessa metro area pulled 1,263 single-family permits in the twelve months through September 2026, 64.2% more than in the twelve months before. So far in 2026, permits are running 58.3% above the same months of 2025.

Why it matters. Permits come before starts, and starts come before new homes for sale, so this is the earliest read on how much new building is planned in the Odessa area. When the permit pipeline shrinks, buyers see fewer new-build options later; when it grows, sellers of existing homes face more competition from builders.

Odessa · Home pricesCOPIED

Odessa home prices are 0.1% higher than a year ago, the weakest gain since the first quarter of 2023

Home prices in the Odessa metro area, change from a year earlier, FHFA all-transactions index, quarterly, percent; shaded bars mark recessions

1990200020102020-20%-10%0%10%20%Odessa
1990200020102020-20%-10%0%10%20%Odessa
No changeRecession
Chart data
DateOdessa
Jun 20260.1%
Mar 20262.7%
Dec 20252.7%
Sep 20251.4%
Jun 20256.8%
Mar 20254.7%
Dec 20247.7%
Sep 20245.2%
Jun 20247.9%
Mar 202412.3%
Dec 20236.3%
Sep 20234%
Jun 20232.5%
Mar 2023-1.5%
Dec 20221.7%
Sep 20226.6%
Jun 20225.6%
Mar 20222.9%
Dec 20213.3%
Sep 20210%
Jun 20210.5%
Mar 20210%
Dec 20201.6%
Sep 20203.1%
Jun 20201.9%
Mar 20207%
Dec 20199%
Sep 20199.8%
Jun 201911.9%
Mar 201915.3%
Dec 201811.3%
Sep 201811.2%
Jun 201810.2%
Mar 20181.6%
Dec 20173.5%
Sep 20170.7%
Jun 2017-2.4%
Mar 20170.8%
Dec 2016-5.3%
Sep 20160.7%
Jun 20160.8%
Mar 2016-0.6%
Dec 20156.3%
Sep 20152.6%
Jun 20156%
Mar 20156.8%
Dec 20148%
Sep 20147.1%
Jun 20147.3%
Mar 20144.6%
Dec 20138.7%
Sep 20137.7%
Jun 20137.6%
Mar 201312.1%
Dec 20126%
Sep 20127%
Jun 20125.8%
Mar 20123%
Dec 20111.8%
Sep 20112%
Jun 20110.6%
Mar 20110.3%
Dec 2010-3.7%
Sep 2010-3.3%
Jun 2010-5.8%
Mar 2010-4.7%
Dec 20091.6%
Sep 2009-1.4%
Jun 20093.8%
Mar 20094.5%
Dec 20081.3%
Sep 20088.1%
Jun 20086.2%
Mar 200810.7%
Dec 200716.3%
Sep 200715.6%
Jun 200718.8%
Mar 200719%
Dec 200618.3%
Sep 200618.8%
Jun 200619.4%
Mar 200618.6%
Dec 200514.2%
Sep 20059.7%
Jun 20059.3%
Mar 20054.6%
Dec 20044.9%
Sep 20048.2%
Jun 20043.7%
Mar 20044.8%
Dec 20033.3%
Sep 20031.7%
Jun 20035.9%
Mar 20031%
Dec 20026.2%
Sep 20023%
Jun 20023%
Mar 20026.8%
Dec 20012.8%
Sep 20012.8%
Jun 20011.3%
Mar 20010.3%
Dec 20000.7%
Sep 20004.4%
Jun 2000-0.2%
Mar 20004.3%
Dec 19990.8%
Sep 1999-2.3%
Jun 19992.5%
Mar 19990.9%
Dec 19988%
Sep 19982.3%
Jun 19982.8%
Mar 19984.7%
Dec 1997-1.2%
Sep 19970.2%
Jun 19971.2%
Mar 1997-2.5%
Dec 19961.5%
Sep 19966%
Jun 1996-0.1%
Mar 19960.6%
Dec 19955.8%
Sep 1995-2.5%
Jun 19952.7%
Mar 19952.9%
Dec 1994-3.2%
Sep 19944.4%
Jun 19943.1%
Mar 19943.7%
Dec 19931.3%
Sep 19932.5%
Jun 19931.2%
Mar 19931.6%
Dec 19923.7%
Sep 19929.1%
Jun 19927.6%
Mar 19926.5%
Dec 19913.8%
Sep 19912.1%
Jun 1991-0.2%
Mar 19917.1%
Dec 19901.6%
Sep 1990-4.6%
Jun 19905.5%
Mar 1990-2.8%
Dec 1989-2.6%
Sep 1989-2.5%
Jun 1989-9.4%
Mar 19892.5%
Dec 19883.8%
Sep 19882.5%
Jun 19882.6%
Mar 1988-12.3%
Dec 1987-7.3%
Sep 1987-5%
Jun 1987-15.7%
Mar 1987-12.8%
Dec 1986-8.5%
Sep 1986-15.2%
Jun 1986-2.3%
Mar 19860.3%
Dec 1985-7.4%
Sep 1985-4%
Jun 1985-4.8%
Mar 1985-10.6%
Dec 1984-6%
Sep 1984-6.8%
Jun 1984-9.1%
Mar 1984-7.2%
Dec 1983-6.6%
Sep 198312%

Source: FHFA house price index; recession dates from NBER · data through Q2 2026

FHFA's all-transactions index for the Odessa metro area in the second quarter of 2026 was 0.1% above its level a year earlier. Since 1983, prices have risen an average of 3.0% a year. That is the weakest reading since the first quarter of 2023. Nationally, prices were 3.0% higher than a year earlier.

Why it matters. Long-run context shows how the latest change in Odessa home prices compares with the market's own history, including the recessions shaded on the chart. When appreciation slows, sellers have less room for a list price to run ahead of recent sales, and buyers feel less pressure to stretch to keep up; when it speeds up, the reverse holds: list prices can run ahead of recent sales and buyers compete harder.

Price reconciliation

unknown

Redfin (metro)

—

FHFA HPI · Q2 2026

+0.1%

Year-over-year home-price change from two independent methods — Redfin (sale prices over the last 3 months) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.

More markets in TX

AbileneAmarilloAustinBeaumont – Port ArthurBrownsville – HarlingenCollege Station – BryanCorpus ChristiDallas – Fort WorthEl PasoHoustonKilleen – TempleLaredo

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ZIP-level data

ZIPMedian list priceActive listingsNew listingsPrice reductionsDays on marketHome value
79758$587K↑25↑8↑4↑57↓$389K↑
79761$255K↑6328↑20↓46↓$208K↑
79762$289K↑138↑60↑48↑57↑$260K↑
79763$240K↓64↑28↑24↑45↓$207K↑
79764$295K↓38↓8↓8↓50↓$227K↑
79765$360K↓200↑48↓80↑72↑$333K↑
79766$275K↓26↑4↑8↑62↑$275K↓

ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.