Property prices for sale in Odessa (Texas)
The prices in real estate in Odessa, in the Texas region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Odessa has increased strongly during the last 6 months. In October, the average price per sq.feet was $145. In the following month the price per sq.feet increased to $162. In the following two months the price per sq.feet has barely changed, going from $153.5 to $159 per sq.feet. The price per sq.feet has had a considerable increase of 129 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $156.25 to $202 during February, and March.
Based upon to the price in Odessa (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $407,435. During November the price went through a considerable rise reaching $496,772. During the following two months (December, January) the average price had a considerable increase of 135 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $526,325 they are 85 % more affordable than the average price for Odessa. The properties with the lowest average price have 4 bedrooms, Their price is 21 % cheaper than the average. After that we have properties with 3 bedrooms priced at $317,662.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $145 / sq.feet, with an average $241 / sq.feet price in Odessa. The properties with the lowest average prices have 1 bedroom. They are 31 % cheaper than the average followed by properties with 3 bedrooms with a price at $155 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $526,325 it is 68 % cheaper than the average price in Odessa. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $248,926 it is 17 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $41 / sq.feet followed by "Detached House" priced at $68 / sq.feet. "Land" is the most costly type of property with a $58,575 / sq.feet cost followed by "House" with an average price of $163 / sq.feet.
