Why Live in Downtown Odessa
Downtown Odessa is characterized by mid-20th-century ranch-style homes, with some Cape Cod influences and newer traditional houses built after 2000. Sidewalks are common in the area, though residential streets often feature grassy lawns extending to the curb. The neighborhood includes single-family homes and some apartments, with rents for one- to two-bedroom units ranging from $1,000 to $1,500. Part of Downtown Odessa is classified as a Special Flood Hazard Area, necessitating flood insurance for many residents. Parks such as Odessa College Downtown, Progressive Park, and Noel Heritage Plaza offer green spaces, playgrounds, and community events. The Ector County Library provides book clubs and story times, enhancing the local cultural scene. The neighborhood's colorful streets are lined with independent restaurants and boutiques, including the long-standing Permian Basin Hamburger Co. and Homemade Wines. Monthly events like First Friday ODTX bring the community together with various activities and performances. Downtown Odessa is commuter-friendly, with walkable areas and bus stops along Grant Avenue and 2nd Street, and is served by Midland International Air & Space Port. The area hosts two hospitals, Medical Center Hospital and Odessa Regional Medical Center, catering to both local and nearby smaller towns.
Home Trends in Downtown Odessa, TX
On average, homes in Downtown Odessa, Odessa sell after 7 days on the market compared to the national average of 52 days. The median sale price for homes in Downtown Odessa, Odessa over the last 12 months is $220,000, up 38% from the median home sale price over the previous 12 months.
Median Sale Price
$220,000
Median Single Family Sale Price
$213,000
Average Price Per Sq Ft
$143
Number of Homes for Sale
3
Last 12 months Home Sales
7
Median List Price
$214,950
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
38%