Otsego, MN Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Otsego, MN is $419,000, down 1.4% year-over-year. Homes sell in an average of 125 days with 100 active listings. The market is currently a buyer's market.
$419,000median sale price
Is Otsego a buyer's or seller's market?
Otsego, MN is currently a buyer's market, based on 5.9 months of supply and homes selling in about 125 days. How we determine this →
Homes sold
17
Last 12 weeks
Days on market
125
Average pace
Active listings
100
5.9 months supply
Sale-to-list
99.0%
Below asking
Otsego, MN market data
| Metric | Value |
|---|---|
| Median sale price | $419,000 |
| Median list price | $488,990 |
| Year-over-year price change | -1.4% |
| Average days on market | 125 days |
| Active inventory | 100 listings |
| Months of supply | 5.9 months |
| Sale-to-list price ratio | 99.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Otsego housing market is currently classified as a buyer's market with a median sale price of $419,000. Prices have fallen 1.4% compared to last year, with homes spending an average of 125 days on market, indicating 5.9 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Otsego
There are currently 100 homes listed for sale in Otsego, Minnesota. The median listing price is $489K.
Active listings
100
Homes on market
Median list price
$489K
Avg. days on market
125
Days until sale
New this week
55
Newly listed
Top public schools in Otsego
6 schools tracked · 2,625 students
The largest public schools serving Otsego, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Prairie View Middle School
Grades 5-8 · 857 students
Prairie View Elementary School
Grades K-4 · 744 students
OTSEGO ELEMENTARY
Grades K-4 · 549 students
Kaleidoscope Charter Elementary Sch
Grades K-5 · 288 students
Kaleidoscope Middle School
Grades 6-8 · 115 students
Kaleidoscope Charter High School
Grades 9-12 · 72 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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Frequently asked questions
What is the average home price in Otsego?
The median home sale price in Otsego is $419,000, down 1.4% from last year.
How long do homes stay on market in Otsego?
Homes typically spend 125 days on market before going under contract.
Is Otsego a buyer's or seller's market?
With 5.9 months of supply, Otsego is currently a buyer's market.
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