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Featured local agent — Otsego, MN
Sarah Mitchell
Compass Real Estate · Otsego, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Otsego, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$444,728median sale price
How is the Otsego, MN housing market right now?
The median home sale price in Otsego, MN is $444,728, down 1.5% year-over-year. Homes sell in an average of 34 days with 104 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Otsego a buyer's or seller's market?
Otsego, MN is currently a seller's market, based on 2.5 months of supply and homes selling in about 34 days. How we determine this →
Homes sold
42
Last 12 weeks
Days on market
34
Average pace
Active listings
104
2.5 months supply
Sale-to-list
100.6%
Above asking
What does the Otsego housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $444,728 |
| Median list price | $489,900 |
| Year-over-year price change | -1.5% |
| Average days on market | 34 days |
| Active inventory | 104 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 100.6% |
| Median price per sq ft | $186/sq ft |
| Homes sold (latest month) | 42 |
| New listings (latest month) | 68 |
| Listings with a price cut | 42.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Otsego by property type?
How the Otsego, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $466,510 | $186/sq ft | 33 | 37 days |
| Townhouse | $247,000 | $176/sq ft | 9 | 25 days |
Source: Redfin · Updated monthly
The Otsego housing market is currently classified as a seller's market with a median sale price of $444,728. Prices have fallen 1.5% compared to last year, with homes spending an average of 34 days on market, indicating 2.5 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 3.4x provides context for how home values compare to local earning capacity.
Homes for sale in Otsego
There are currently 104 homes listed for sale in Otsego, Minnesota. The median listing price is $490K.
Active listings
104
Homes on market
Median list price
$490K
Avg. days on market
34
Days until sale
New this week
68
Newly listed
Who lives in Otsego?
Population
21,358
Median income
$127,219/yr
Median age
34.4 years
Owner-occupied
91.2%
College grads
41.8%
Avg commute
32.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Otsego?
Zillow home value
$429,574
Zillow rent index
$2,416/mo
Price-to-rent ratio
14.8x
Price-to-income
3.4x
Source: Zillow Research
What is it like to live in Otsego?
Otsego is a community of approximately 21K residents with a median age of 34.4 years.The median household income is $127,219, which reflects a relatively affluent area with strong earning potential. 41.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 91.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 32.1 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Otsego offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve 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.
Which cities are near Otsego, MN?
Want a head-to-head view? Compare Otsego side-by-side with any other U.S. city using our market-comparison tool.
Is Otsego a good real estate investment market?
For investors evaluating Otsego, the price-to-rent ratio of 14.8x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 1.5% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Otsego's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Otsego's median home price.
Frequently asked questions
What is the average home price in Otsego?
The median home sale price in Otsego is $444,728, down 1.5% from last year.
How long do homes stay on market in Otsego?
Homes typically spend 34 days on market before going under contract.
What is the median income in Otsego?
The median household income is $127,219 per year.
Is Otsego a buyer's or seller's market?
With 2.5 months of supply, Otsego is currently a seller's market.
What is the Zillow home value estimate for Otsego?
The Zillow Home Value Index (ZHVI) for Otsego is $429,574, representing the typical home value in the area.
How much does a single-family home cost in Otsego?
The median single-family home price in Otsego, MN is $466,510 (about $186 per square foot).
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