Otsego Real Estate Market Report: January 2025
In January 2025, the median sale price in Otsego was $440,000, up 12.8% from a year earlier.
- Median Sales Price
- $440,000
- +12.8% vs. January 2024
- Homes for Sale
- 80
- -8% vs. January 2024
- Months Supply
- 2.5
- +13.6% vs. January 2024
- Seller's market
- Days on Market
- 47
- -20.3% vs. January 2024
- Closed Sales
- 17
- -10.5% vs. January 2024
- Percent of Original List Received
- 95.6%
- +0.8 pts vs. January 2024
What this means
The median sale price has increased by 13% from last year to $440,000, and a similar trend in price per square foot suggests this is a real move in values rather than a change in the mix of homes selling.
Homes are selling 12 days more quickly than last year, averaging 47 days on market, and sellers are receiving 95.6% of their original asking price.
The area is currently a seller's market with 2.5 months of supply. Active inventory is down 8% from last year to 80 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 January 2025, with 2.5 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 80 homes for sale.
How fast are homes selling in Otsego?
Homes that sold in January 2025 spent an average of 47 days on market, 12 days faster than a year earlier. Sellers received 95.6% of their original list price on average.
Are home prices going up in Otsego?
Yes. The median sale price rose 12.8% year over year to $440,000. Price per square foot moved in the same direction (from $174 to $190), which suggests a real change in values rather than a shift in the mix of homes sold.
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 |
| March 2024 | $422,495 | 36 | 72 | 2.2 |
| April 2024 | $429,900 | 47 | 54 | 2.3 |
| May 2024 | $452,500 | 34 | 45 | 2.1 |
| June 2024 | $410,000 | 40 | 40 | 2.7 |
| July 2024 | $425,000 | 33 | 43 | 2.7 |
| August 2024 | $396,000 | 32 | 34 | 3.1 |
| September 2024 | $364,950 | 30 | 43 | 3 |
| October 2024 | $400,000 | 32 | 37 | 2.5 |
| November 2024 | $394,950 | 30 | 56 | 3 |
| December 2024 | $379,900 | 21 | 48 | 2.5 |
| January 2025 | $440,000 | 17 | 47 | 2.5 |
How Otsego compares with the Twin Cities region
In January 2025, the median sale price in Twin Cities (16-County Region) was $370,000.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published September 4, 2026.
Report published .
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