Odessa currently tilts toward sellers, with the market gauge reading 34 out of 100. Months of supply has climbed to 6.4 in this rolling three-month view, up sharply from about a year ago, indicating buyers have more options than before. Even so, a seller-leaning gauge suggests pricing power is not fully in buyers’ hands yet.
Prices have been mixed over the past year. The typical home value in this rolling three-month period is about 16 percent lower than a year ago, yet the median list price is up roughly 16 percent year over year, showing sellers are still aiming high. Homes are also taking longer to sell, with median days on market rising to 49, up notably from a year earlier, which gives buyers more time to evaluate options.
Activity levels show a market that is active but more measured than in prior years. Homes sold in this period are up modestly from a year ago, while new listings have increased by about 11 percent year over year, expanding inventory. At the same time, pending sales are down nearly 19 percent from last year and only about 11 percent of homes are selling above list price, signaling more negotiation room. Whether you are a buyer looking for value or a seller navigating shifting conditions, Agent Pronto can connect you with a local Odessa agent who understands these trends.
