79776
Odessa, Texas
Odessa 79776 needs watching.
The 79776 ZIP code in Odessa, Texas has a median sale price of $120K, down N/A year-over-year. Homes spend an average of 128 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 27 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 79776.
The 79776 ZIP code in Odessa shows a stalled market with a median sale price holding at $120,000 and zero year-over-year appreciation. Properties are sitting an average of 128 days before finding buyers, nearly double the velocity of balanced markets. The absence of any homes selling above asking price indicates buyers face no competitive pressure and hold full negotiating leverage in this segment of Odessa's housing stock.
This environment favors patient buyers seeking affordability and maximum negotiation power, particularly first-time purchasers or value investors with long holding horizons. The 128-day marketing period allows for thorough due diligence without urgency, while the $120,000 price point keeps entry barriers low. Sellers face an unfavorable position with extended exposure and should expect concessions, making this a poor time to list unless relocation or financial circumstances force action.
The PropIQ score of 27 signals heightened caution, suggesting deteriorating fundamentals or elevated risk factors in this micromarket. With flat pricing despite broader Texas appreciation trends and extended days-on-market, the data points toward continued buyer advantage through late 2023. Monitoring local employment data and new listing volumes will indicate whether this represents stabilization at current levels or potential further softening.
What is the median home price in 79776 Odessa?
The median sale price in 79776 is $120K, down N/A year-over-year as of 2023-07-31.
How long do homes stay on the market in Odessa 79776?
Homes in 79776 Odessa spend an average of 128 days on market before going under contract.
Is Odessa 79776 a good place to invest in real estate?
Folio's PropIQ™ score for 79776 is 27/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 27 mean for 79776?
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 27 = Caution in 79776 Odessa, Texas.