Why Live in Terrace Hills
Terrace Hills in Odessa is a predominantly residential neighborhood characterized by mid-1900s ranch-style homes, typically situated on lots ranging from 6,000 to 8,000 square feet. Many properties feature driveways or garages, with additional street parking available. The area is bordered to the west by Slator Park, which includes a playground, picnic tables, and a basketball court, as well as the adjacent Central Bark dog park. The nearby Ector County Coliseum hosts events like the annual Permian Basin Fair & Expo, which features food vendors and entertainment. While Terrace Hills itself is mostly residential, dining options such as Dumplins Y Amigos and Curb Side Bistro are just a few blocks away on 42nd Street. For groceries, residents can visit United Supermarkets or Oriental Market. The neighborhood is about 3 miles from downtown Odessa and the Medical Center Hospital, with convenient access to major highways 385 and 338. Public transportation is available via the EZ-Rider bus system, although the area remains car-centric. The Midland International Air and Space Port Airport is located 14 miles east.
Home Trends in Terrace Hills, TX
On average, homes in Terrace Hills, Odessa sell after 41 days on the market compared to the national average of 51 days. The median sale price for homes in Terrace Hills, Odessa over the last 12 months is $165,000, up 2% from the median home sale price over the previous 12 months.
Median Sale Price
$165,000
Median Single Family Sale Price
$165,000
Median Townhouse Sale Price
$145,000
Average Price Per Sq Ft
$126
Number of Homes for Sale
5
Last 12 months Home Sales
13
Median List Price
$165,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
2%