Otsego Real Estate Market Report: March 2025
In March 2025, the median sale price in Otsego was $426,995, up 1.1% from a year earlier.
- Median Sales Price
- $426,995
- +1.1% vs. March 2024
- Homes for Sale
- 93
- +4.5% vs. March 2024
- Months Supply
- 3
- +36.4% vs. March 2024
- Balanced market
- Days on Market
- 62
- -13.9% vs. March 2024
- Closed Sales
- 34
- -5.6% vs. March 2024
- Percent of Original List Received
- 98.3%
- +0.6 pts vs. March 2024
What this means
The median sale price has increased by 1% from last year to $426,995, though an opposite trend in price per square foot suggests this change more likely reflects the mix of homes that sold.
Homes are selling 10 days more quickly than last year, averaging 62 days on market, and sellers are receiving 98.3% of their original asking price.
The area is currently a balanced market with 3 months of supply. Active inventory is up 4% from last year to 93 homes for sale.
In a balanced market, neither side has a steep advantage, making careful pricing for sellers and steady negotiation for buyers the key to success.
Common questions about the Otsego market
Is Otsego a buyer's or seller's market?
Otsego was a balanced market in March 2025, with 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 93 homes for sale.
How fast are homes selling in Otsego?
Homes that sold in March 2025 spent an average of 62 days on market, 10 days faster than a year earlier. Sellers received 98.3% of their original list price on average.
Are home prices going up in Otsego?
Yes. The median sale price rose 1.1% year over year to $426,995. Price per square foot moved the other way (from $190 to $184), which suggests the change mostly reflects 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 |
| February 2025 | $415,000 | 20 | 55 | 2.8 |
| March 2025 | $426,995 | 34 | 62 | 3 |
How Otsego compares with the Twin Cities region
In March 2025, the median sale price in Twin Cities (16-County Region) was $380,000.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published September 4, 2026.
Report published .
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