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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Odessa is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Odessa was a Buyer's Market.

Key Takeaway

Odessa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Odessa, WA

How much do homes in Odessa, WA cost?

Median Sold Price

$242,500

$100/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$47,500(+24.4%)

Key Takeaway

Homes in Odessa have sold for 24.4% more than they did a month ago.

Summary: The median home sold price in Odessa was $242,500 in November 2024, up 24.4% from last month, and the median price per square foot was $100.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $195K-
N/A
3 -$237.5K
N/A
4 -$247.5K
N/A
5+ --
N/A

Summary: Odessa housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, 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

Oct 2024Nov 2024CHANGE
1718+5.9%

Summary: The Odessa real estate market had 18 homes for sale in November 2024, a 5.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 67
+16.7%
4 1011
+10.0%
5+ 00
0.0%

Summary: The Odessa housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110+900.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 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. 50% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Odessa in November 2024, up by 900.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% 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 2024Nov 2024CHANGE
364 Days43 Days-88.1%

Summary: Homes in Odessa had an average of 43 days on market in Nov 2024, down by 88.1% compared to last month.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Odessa are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 10 homes were sold in Odessa; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% 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 17 Days Ago

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