Market Intelligence Report — TX-220

Odessa, TX

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

Ref. No: 2026-TX-09
As of the latest 2026 data
Very Weak

Median Listing

$305K
+1.5% YoY

Pending Ratio

0.06
-9.1% YoY

Active Inventory

468
+31.9% YoY

Median DOM

53 Days
+2.9% YoY

Primary Intelligence Tool — Sold Score™

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

Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Odessa, TX.

Free ReportNo Sign-up~60 Seconds

The Odessa, TX market is currently classified as Very Weak, with demand absorption severely lagging supply. The pending ratio stands at a low 0.06, indicating minimal demand relative to available inventory. Active listings have expanded by 31.9% over the past year, further contributing to the significant supply-demand imbalance.

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

3.7%-0.4 pp YoY

Unemployment rate · Sep 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

96+73.8% YoY

Building permits (private housing units) · Sep 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.

Inventory levels have risen substantially, with active listings increasing by 31.9% and new listings up 26.9% year-over-year. Despite this influx, the median listing price has shown marginal annual growth of 1.5%, remaining flat month-over-month, while the median price per square foot experienced a modest 0.7% annual increase. The pending ratio has declined by 9.1% year-over-year, reflecting a deteriorating absorption rate, even as median days on market saw a slight 2.9% increase over the past year.

Historical Analysis

Market Trends

Median Price

$305K+0.0% MoM

Active Inventory

468+31.9% YoY

Days on Market

53+2.9% YoY

Sold Score™

18-9.1% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

18
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 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 pending ratio of 0.06, demand remains significantly subdued relative to available homes, placing considerable pressure on sellers. The substantial year-over-year increase in active listings suggests a market where the pace of transactions is slow, necessitating greater price discipline from sellers. This environment allows for extended consideration periods and offers greater leverage for those seeking to acquire property.

Luxury Segment

The average listing price has declined by 4.0% over the past year, while the median listing price remained stable. This divergence, coupled with a median price per square foot showing only modest growth, suggests potential softness within the higher-priced segments of the market.

Supply Dynamics

468 active listings represent the current floor, with new supply arriving at roughly 198 per month.

Pricing Pressure
23.0%

of active listings carry a price reduction, -1.1% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +0.7% 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 32% 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
53 days
Inventory YoY
+32%

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

See my Sold Score & selling strategy →

Prefer the data first? Get the monthly Odessa, TX briefing and watch the market before you list.

How the Sold Score works →

Agents: no featured expert covers Odessa, TX yet — claim this market →

How these recommendations are chosen →

The Monthly Briefing

Stay ahead of the Odessa market.

One email per month: median price, inventory, days on market, and curated expert commentary — straight from the Primpted data desk.

Track your ZIP

Get the Sold Score for your exact ZIP code in your inbox each month.

One email per month when your ZIP's Sold Score is updated. Unsubscribe anytime.

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 53.

  • Are home prices dropping in Odessa?+

    Median listing price is $305K, +1.5% year over year. 23.0% of active listings carry a price reduction.

  • How fast are homes selling in Odessa?+

    The typical listing sits 53 days on market, a +2.9% change YoY. New listings are arriving at 198 per month.

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

    The average listing price has declined by 4.0% over the past year, while the median listing price remained stable. This divergence, coupled with a median price per square foot showing only modest growth, suggests potential softness within the higher-priced segments of 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