Market Intelligence Report — TX-220

Odessa, TX

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-TX-08
As of the latest 2026 data
Very Weak

Median Listing

$305K
+0.8% YoY

Pending Ratio

0.06
-10.0% YoY

Active Inventory

480
+42.4% YoY

Median DOM

48 Days
+2.1% YoY

Primary Intelligence Tool — Sold Score™

Will your home sell in today's very weak Odessa market?

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The Odessa, TX housing market is currently experiencing very weak demand absorption, with a pending ratio of 0.06. Active listings have expanded significantly year-over-year, indicating a considerable imbalance between available supply and buyer engagement.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

4.3%+0.3 pp YoY

Unemployment rate · Jul 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

173,801+1.8% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

102+19.3% YoY

Building permits (private housing units) · Jul 2026

Shows whether future inventory pressure may increase.

U.S. Census Bureau building permits via FRED (St. Louis Fed).

Market Analysis

What's moving the Odessa market right now.

Active listings have increased by 42.4% over the past year, reaching 480 properties, while new listings saw a modest year-over-year contraction of 4.3%. The median listing price has shown marginal year-over-year growth at 0.8%, with a 1.7% month-over-month increase. However, the pending ratio declined by 10.0% year-over-year, reflecting a pronounced slowdown in transaction activity.

Historical Analysis

Market Trends

Median Price

$305K+1.7% MoM

Active Inventory

480+42.4% YoY

Days on Market

48+2.1% YoY

Sold Score™

11-10.0% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

11
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a very low pending ratio and a substantial year-over-year increase in active listings, buyers currently encounter a landscape offering extended decision timelines and a wide selection of properties. The prevailing inventory levels necessitate greater price discipline from sellers to facilitate absorption.

Luxury Segment

While the median listing price shows slight year-over-year appreciation, the average listing price has declined by 4.4% over the past year. This divergence, coupled with no distinct signal from median $/sqft or median sqft, suggests some underlying softness at higher price points within the market.

Supply Dynamics

480 active listings represent the current floor, with new supply arriving at roughly 180 per month.

Pricing Pressure
31.5%

of active listings carry a price reduction, +8.6% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +1.3% year-over-year.

Absorption
0.06

Pending-to-active ratio — Very Weak.

Recommended For This Market

Very Weak

Selling in Odessa, TX? Inventory is up 42% from last year.

Buyers have leverage in Odessa, TX. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
6%
Median Days on Market
48 days
Inventory YoY
+42%

In a buyer's market, strategy beats timing. See how your home scores in Odessa, TX and what moves the number.

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The Monthly Briefing

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Metro Demographics

Metro Area
Odessa, TX
CBSA Code
36220
State
TX
Analysis FAQ
  • What is the current market condition in Odessa?+

    As of the latest 2026 data, the Odessa metro is classified as Very Weak. Pending ratio is 0.06 with median days on market at 48.

  • Are home prices dropping in Odessa?+

    Median listing price is $305K, +0.8% year over year. 31.5% of active listings carry a price reduction.

  • How fast are homes selling in Odessa?+

    The typical listing sits 48 days on market, a +2.1% change YoY. New listings are arriving at 180 per month.

  • What's happening in the Odessa luxury market?+

    While the median listing price shows slight year-over-year appreciation, the average listing price has declined by 4.4% over the past year. This divergence, coupled with no distinct signal from median $/sqft or median sqft, suggests some underlying softness at higher price points within the market.

  • Where can I find a trusted Odessa real estate expert?+

    Primpted maintains a vetted registry of Odessa agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 36220 · 36mo history