Midland & Odessa Housing Market 2025: Home Prices, Sales Data & West Texas Real Estate Trends

Midland County: Premium Pricing in the Permian

Midland County's housing market reflects the area's strong economy, with a median home price of $375,000—holding steady with 0.0% year-over-year change. This places Midland $40,000 above the Texas median of $335,000, underscoring the premium buyers pay for proximity to the energy sector's epicenter.

The numbers tell a story of robust demand: 724 closed sales in Q3 represent a remarkable 12.6% increase year-over-year, outpacing the state's 4.9% growth. Active listings climbed 26.1% to 705 homes, providing buyers with more options than they've had in recent quarters.

What's impressive is the market velocity. Homes in Midland spend just 37 days on market—26 days faster than the Texas average of 63 days. Once under contract, properties close in 35 days, demonstrating the efficiency of this well-oiled market. The total transaction time of 72 days is 24 days faster than the state average.

At $181.20 per square foot (up 1.5% YoY), buyers are getting 2,105 square feet of space in homes with a median year built of 2006. The months inventory sits at a healthy 3.2 months, suggesting a balanced market that favors neither buyers nor sellers exclusively.

Odessa: Value Play

Ector County presents a compelling alternative for buyers seeking West Texas opportunities at more accessible price points. The median home price of $270,000 sits $105,000 below Midland and $65,000 below the state median—significant savings for essentially the same regional access.

However, the market is showing some cooling. Closed sales of 398 represent a 16.0% decrease year-over-year, contrasting sharply with both Midland's surge and the state's growth. Active listings rose 20.0% to 390 homes, while the median price dipped 1.8% from last year.

Despite softer sales, Ector County homes move efficiently, spending 39 days on market and closing in 37 days—both well below state averages. The total transaction time of 76 days remains competitive.

At $157.53 per square foot (up 1.1% YoY), Ector County offers the best value in the region—$23.67 less per square foot than Midland and $15.75 less than the Texas median. Homes average 1,779 square feet with a median year built of 1981, indicating an older housing stock that contributes to the lower price point. Months inventory sits at 2.7 months, suggesting inventory remains relatively tight despite increased listings.

Current Market Conditions: What Buyers Need to Know

As of November 4th, 2025, mortgage rates stand at 6.12% for a 30-year fixed loan—a critical factor influencing purchasing power across all markets. The median down payment in Texas is $14,232, up 27% from June 2024, though still well below the national median of $61,500.

This lower barrier to entry helps explain why Texas continues attracting buyers despite higher interest rates than the pandemic-era lows.

The Multigenerational Housing Movement

One of the most significant shifts reshaping Texas real estate? 24% of Texas buyers purchased a multigenerational home in the latest reporting period. In energy-driven markets like Midland and Odessa, these homes serve multiple purposes accommodating extended families, housing workers on rotation, or creating rental income opportunities.

These properties typically feature separate living quarters, multiple primary suites, or flexible spaces that allow multiple generations or households to coexist comfortably.

Price Distribution: Where West Texas Buyers Are Shopping

The price distribution across Midland and Ector counties shows interesting patterns:

Midland County:

• Under $100k: 1.6%

• $100-199k: 3.5%

• $200-299k: 20.5%

• $300-399k: 33.3% (the sweet spot)

• $400-499k: 16.9%

• $500-749k: 17.6%

• $750-999k: 3.8%

• $1M+: 2.8%

Ector County:

• Under $100k: 6.2%

• $100-199k: 15.3%

• $200-299k: 38.6% (the dominant range)

• $300-399k: 25.4%

• $400-499k: 7.0%

• $500-749k: 5.7%

• $750-999k: 1.8%

• $1M+: 0.0%

The data clearly shows Midland skewing toward higher price points while Ector County concentrates in more affordable ranges.

Quick Fact On Moving

Here's something to consider as you contemplate a West Texas move: it takes an average of 108 boxes to move out of a 1,600-2,000 square foot home. For Midland's average 2,105 sq ft home or Ector's 1,779 sq ft property, you're looking at significant packing logistics.

This often-overlooked detail matters when planning your timeline and budget for relocation—whether you're moving for an energy sector job or seeking West Texas affordability.

What Makes the Permian Basin Different

The Midland-Odessa housing market doesn't follow typical Texas patterns. Energy sector dynamics create unique pressures:

Midland's premium pricing reflects:

• Proximity to major oil company headquarters

• Higher average incomes in the energy sector

• Limited land availability

• Strong rental investment demand

• Corporate relocation activity

Ector County's value proposition appeals to:

• Energy workers seeking affordability

• First-time homebuyers

• Investors targeting rental properties

• Families prioritizing space over luxury

• Those willing to trade newer construction for lower costs

The 37-39 day market time in both counties (compared to 63 days statewide) demonstrates that West Texas properties move fast when priced right—a reflection of sustained demand despite economic cycles.

Opportunity Amid Volatility

The Midland and Ector County markets are achieving different forms of equilibrium. Midland shows continued strength with rising sales and stable prices, while Ector County is recalibrating with slower sales but maintaining competitive pricing.

With mortgage rates stabilizing at 6.12% and down payment requirements remaining accessible by national standards, both counties offer distinct opportunities. The rise in multigenerational homes and the region's fundamental economic drivers suggest the Permian Basin housing market will remain dynamic.

Don't believe the doom and gloom. I know it may feel tough out there. National headlines paint bleak pictures, but West Texas tells its own story. Yes, Midland commands premium prices. Yes, Ector County sales have softened. But opportunity exists in both markets.

With 724 homes sold in Midland (up 12.6%) and properties moving in 37-39 days across the region, people are successfully buying homes. The median Texas buyer is putting down just $14,232 and making it work. Energy sector fundamentals remain strong. Job growth continues.

Whether you're preparing those 108 moving boxes for a Midland executive home or an affordable Odessa property, remember: West Texas has weathered boom-and-bust cycles for decades. This region's resilience is proven. The data shows sustained activity. Your path to homeownership in the Permian Basin might be more achievable than you think—you just need to choose the right market for your budget and lifestyle.

The opportunity is real. The energy is flowing. And your next chapter in West Texas awaits.

Data sourced from Texas REALTORS®, Permian Basin Board of REALTORS®, Odessa Board of REALTORS®, and Texas A&M University Real Estate Research Center. Market statistics current as of September 30, 2025.