Is Odessa, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Odessa is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Odessa was a Seller's Market.

Key Takeaway

Odessa is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Odessa, WA

How much do homes in Odessa, WA cost?

Median Sold Price

$175,000

$82/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$15,000(-7.9%)

Key Takeaway

Homes in Odessa have sold for 7.9% less than they did a year ago.

Summary: The median home sold price in Odessa was $175,000 in October 2024, down 7.9% from last year, and the median price per square foot was $82.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $169.5K$195K
+15.0%
3 $202.5K$175K
-13.6%
4 $271.6K$195K
-28.2%
5+ $280K-
N/A

Summary: Odessa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 28.2%, and 5+ bedroom homes did not change.

Housing Supply in Odessa, WA

How many homes are available in Odessa, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1115+36.4%

Summary: The Odessa real estate market had 15 homes for sale in October 2024, a 36.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 46
+50.0%
4 58
+60.0%
5+ 00
0.0%

Summary: The Odessa housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Odessa, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Odessa in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Odessa, WA

How long does it take to sell a home in Odessa, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
52 Days364 Days+600.0%

Summary: Homes in Odessa had an average of 364 days on market in Oct 2024, up by 600% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Odessa are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in Odessa; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

Newest Listings in Odessa, WA

Nearby Markets to Odessa, WA