Otsego, MN
Housing market overview · Updated weekly
$419,000median sale price
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
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
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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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