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Featured local agent — Ottertail, MN
Sarah Mitchell
Compass Real Estate · Ottertail, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Ottertail, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$275,000median sale price
How is the Ottertail, MN housing market right now?
The median home sale price in Ottertail, MN is $275,000, down 67.1% year-over-year. Homes sell in an average of 28 days with 9 active listings. The market is currently a buyer'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 Ottertail a buyer's or seller's market?
Ottertail, MN is currently a buyer's market, based on 9.0 months of supply and homes selling in about 28 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
28
Average pace
Active listings
9
9.0 months supply
Sale-to-list
100.0%
Above asking
What does the Ottertail housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $275,000 |
| Median list price | $579,000 |
| Year-over-year price change | -67.1% |
| Average days on market | 28 days |
| Active inventory | 9 listings |
| Months of supply | 9.0 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $194/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 3 |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Ottertail by property type?
How the Ottertail, 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 | $275,000 | $194/sq ft | 1 | 28 days |
| Townhouse | $379,900 | $236/sq ft | 1 | 249 days |
Source: Redfin · Updated monthly
The Ottertail housing market is currently classified as a buyer's market with a median sale price of $275,000. Prices have fallen 67.1% compared to last year, with homes spending an average of 28 days on market, indicating 9.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 4.4x provides context for how home values compare to local earning capacity.
Homes for sale in Ottertail
There are currently 9 homes listed for sale in Ottertail, Minnesota. The median listing price is $579K.
Active listings
9
Homes on market
Median list price
$579K
Avg. days on market
28
Days until sale
New this week
3
Newly listed
Who lives in Ottertail?
Population
490
Median income
$83,750/yr
Median age
58.7 years
Owner-occupied
89.7%
College grads
25.5%
Avg commute
25.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Ottertail?
Zillow home value
$371,144
Price-to-income
4.4x
Source: Zillow Research
What is it like to live in Ottertail?
Ottertail is a community of approximately 0K residents with a median age of 58.7 years.The median household income is $83,750, which reflects a relatively affluent area with strong earning potential. 25.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 89.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Ottertail offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Ottertail, MN?
Want a head-to-head view? Compare Ottertail side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Ottertail?
The median home sale price in Ottertail is $275,000, down 67.1% from last year.
How long do homes stay on market in Ottertail?
Homes typically spend 28 days on market before going under contract.
What is the median income in Ottertail?
The median household income is $83,750 per year.
Is Ottertail a buyer's or seller's market?
With 9.0 months of supply, Ottertail is currently a buyer's market.
What is the Zillow home value estimate for Ottertail?
The Zillow Home Value Index (ZHVI) for Ottertail is $371,144, representing the typical home value in the area.
How much does a single-family home cost in Ottertail?
The median single-family home price in Ottertail, MN is $275,000 (about $194 per square foot).
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