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Featured local agent — Otter Lake, MI
Sarah Mitchell
Compass Real Estate · Otter Lake, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Otter Lake, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$144,000median sale price
How is the Otter Lake, MI housing market right now?
The median home sale price in Otter Lake, MI is $144,000. Homes sell in an average of 39 days with 2 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of April 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Otter Lake a buyer's or seller's market?
Otter Lake, MI is currently a seller's market, based on 2.0 months of supply and homes selling in about 39 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
39
Average pace
Active listings
2
2.0 months supply
Sale-to-list
96.0%
Below asking
What does the Otter Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $144,000 |
| Median list price | $140,000 |
| Average days on market | 39 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 96.0% |
| Median price per sq ft | $157/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 1 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Otter Lake by property type?
How the Otter Lake, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $144,000 | $157/sq ft | 1 | 39 days |
Source: Redfin · Updated monthly
The Otter Lake housing market is currently classified as a seller's market with a median sale price of $144,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 39 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.4x provides context for how home values compare to local earning capacity.
Homes for sale in Otter Lake
There are currently 2 homes listed for sale in Otter Lake, Michigan. The median listing price is $140K.
Active listings
2
Homes on market
Median list price
$140K
Avg. days on market
39
Days until sale
New this week
1
Newly listed
Who lives in Otter Lake?
Population
387
Median income
$43,750/yr
Median age
53.8 years
Owner-occupied
91.0%
College grads
9.4%
Avg commute
36.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Otter Lake?
Zillow home value
$234,389
Price-to-income
5.4x
Source: Zillow Research
What is it like to live in Otter Lake?
Otter Lake is a community of approximately 0K residents with a median age of 53.8 years.The median household income is $43,750, which represents a working-class community with solid middle-income opportunities. 9.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 91.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 36.9 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Otter Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Otter Lake, MI?
Want a head-to-head view? Compare Otter Lake side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Otter Lake?
The median home sale price in Otter Lake is $144,000, down 0.0% from last year.
How long do homes stay on market in Otter Lake?
Homes typically spend 39 days on market before going under contract.
What is the median income in Otter Lake?
The median household income is $43,750 per year.
Is Otter Lake a buyer's or seller's market?
With 2.0 months of supply, Otter Lake is currently a seller's market.
What is the Zillow home value estimate for Otter Lake?
The Zillow Home Value Index (ZHVI) for Otter Lake is $234,389, representing the typical home value in the area.
How much does a single-family home cost in Otter Lake?
The median single-family home price in Otter Lake, MI is $144,000 (about $157 per square foot).
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