Otsego Real Estate Market Report: February 2024
In February 2024, the median sale price in Otsego was $427,495.
- Median Sales Price
- $427,495
- No prior comparison
- Homes for Sale
- 90
- No prior comparison
- Months Supply
- 2.3
- No prior comparison
- Seller's market
- Days on Market
- 63
- No prior comparison
- Closed Sales
- 34
- No prior comparison
- Percent of Original List Received
- 95.5%
- No prior comparison
What this means
The median sale price is currently $427,495.
Homes are averaging 63 days on market, and sellers are receiving 95.5% of their original asking price.
The area is currently a seller's market with 2.3 months of supply. There are currently 90 homes for sale.
In this seller's market, buyers should be prepared to act quickly, while sellers can generally expect strong interest if priced correctly.
Common questions about the Otsego market
Is Otsego a buyer's or seller's market?
Otsego was a seller's market in February 2024, with 2.3 months of supply. Under about 3 months generally favors sellers, 3 to 6 months is considered balanced, and over 6 months favors buyers. There were 90 homes for sale.
How fast are homes selling in Otsego?
Homes that sold in February 2024 spent an average of 63 days on market. Sellers received 95.5% of their original list price on average.
Market trends in Otsego
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| July 2023 | $425,000 | 43 | 43 | 2.6 |
| August 2023 | $405,000 | 49 | 34 | 2.2 |
| September 2023 | $416,709 | 34 | 36 | 2.5 |
| October 2023 | $446,055 | 39 | 48 | 2.4 |
| November 2023 | $399,900 | 49 | 32 | 2.4 |
| December 2023 | $356,250 | 16 | 36 | 1.9 |
| January 2024 | $390,000 | 19 | 59 | 2.2 |
| February 2024 | $427,495 | 34 | 63 | 2.3 |
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published September 4, 2026.
Report published .
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