Otsego, NY Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Otsego, NY is $700,000, up 26.7% year-over-year. Homes sell in an average of 52 days with 7 active listings. The market is currently a balanced market.
$700,000median sale price
Homes sold
2
Last 12 weeks
Days on market
52
Average pace
Active listings
7
3.5 months supply
Sale-to-list
97.2%
Below asking
Otsego, NY market data
| Metric | Value |
|---|---|
| Median sale price | $700,000 |
| Median list price | $814,500 |
| Year-over-year price change | +26.7% |
| Average days on market | 52 days |
| Active inventory | 7 listings |
| Months of supply | 3.5 months |
| Sale-to-list price ratio | 97.2% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The Otsego housing market is currently classified as a balanced market with a median sale price of $700,000. Prices have risen 26.7% compared to last year, with homes spending an average of 52 days on market, indicating 3.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Otsego
There are currently 7 homes listed for sale in Otsego, New York. The median listing price is $815K.
Active listings
7
Homes on market
Median list price
$815K
Avg. days on market
52
Days until sale
New this week
2
Newly listed
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Frequently asked questions
What is the average home price in Otsego?
The median home sale price in Otsego is $700,000, up 26.7% from last year.
How long do homes stay on market in Otsego?
Homes typically spend 52 days on market before going under contract.
Is Otsego a buyer's or seller's market?
With 3.5 months of supply, Otsego is currently a balanced market.
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