79761
Odessa, Texas
Odessa 79761 needs watching.
The 79761 ZIP code in Odessa, Texas has a median sale price of $65K, down -71.1% year-over-year. Homes spend an average of 61 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 45 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 79761.
The Odessa 79761 market shows severe price deterioration, with the median sale price falling to $65,000, down 71.1% year-over-year. This represents one of the steepest declines in the Permian Basin region. Properties average 61 days on market, indicating modest demand at current pricing levels, though notably zero homes have sold above asking price. The data reveals a market under significant downward pressure with sellers forced to meet buyer price expectations.
Cash buyers and distressed property investors stand to benefit most from current conditions, as the 71% price collapse has likely created below-replacement-cost acquisition opportunities. Traditional mortgage buyers may face financing challenges given the sharp depreciation trajectory, potentially limiting liquidity. Sellers currently face an unfavorable position with no pricing power, as evidenced by the complete absence of above-ask transactions. This environment rewards patient capital seeking deeply discounted entry points.
The PropIQ score of 45 signals caution, suggesting stabilization has not yet occurred and further price discovery remains likely. Without stabilization in sale prices or improving absorption metrics, the downward pressure may persist through the first half of 2026. Key indicators to monitor include any month-over-month median price stabilization and whether days-on-market compress below 50, which would signal demand recovery. Current data suggests defensive positioning until concrete reversal signals emerge.
What is the median home price in 79761 Odessa?
The median sale price in 79761 is $65K, down -71.1% year-over-year as of 2025-12-31.
How long do homes stay on the market in Odessa 79761?
Homes in 79761 Odessa spend an average of 61 days on market before going under contract.
Is Odessa 79761 a good place to invest in real estate?
Folio's PropIQ™ score for 79761 is 45/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 45 mean for 79761?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 45 = Caution in 79761 Odessa, Texas.