Is Odessa, TX 79761 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Odessa is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list0%Share of sales, last 3 months

Median sale-to-list96.1%Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft$88

The Odessa housing market right now

In the three months ending August 31, 2026, 0% of homes in Odessa, TX 79761 sold above their list price. With only 1 sale, these figures can swing a lot from month to month.

About the area

Ector County, TX

Population	30,164
Median income	$68,228
Average income	$83,647
Median home value	$166,000
Median rent	$1,187/month
Owner-occupied	58% of homes
Median year built	1967

Natural hazard riskHail (very high), winter storms (relatively high), extreme heat (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 79761; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 79761

Prefilled for 79761Can I win this house?Multiple-offer likelihood for a listing Prefilled for 79761Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Gardendale 79758 — /sq ft Goldsmith 79741 — /sq ft Odessa 79762 $123 /sq ft Odessa 79763 — /sq ft Browse all markets →

Towns like Odessa nearby

Find towns like Odessa in other states →

Midland, TX79703 · 15 miles away87% similarpricier homes ($58K more) Odessa, TX79762 · 2 miles away85% similarpricier homes ($67K more) Midland, TX79701 · 19 miles away81% similarpricier homes ($49K more) Monahans, TX79756 · 37 miles away75% similarsmaller · older residents

Where Odessa is

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Questions about Odessa real estate

Do homes in Odessa sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 96.1% of the list price.

What are property taxes in Odessa?

About 1.27% of a home’s value a year in Ector County, or roughly $5,080 on a $400,000 home.

What is the median home price in Odessa?

The median sale price was $364,842 in the three months ending August 31, 2026, about $88 per square foot.

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Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Ector County property taxes Ector County loan limits Closing costs in Texas Hottest ZIP codes in Texas

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology