Otsego Real Estate Market Report: May 2025
In May 2025, the median sale price in Otsego was $440,500, down 2.7% from a year earlier.
- Median Sales Price
- $440,500
- -2.7% vs. May 2024
- Homes for Sale
- 114
- +48.1% vs. May 2024
- Months Supply
- 3.6
- +71.4% vs. May 2024
- Balanced market
- Days on Market
- 48
- +6.7% vs. May 2024
- Closed Sales
- 42
- +23.5% vs. May 2024
- Percent of Original List Received
- 99.6%
- +0.6 pts vs. May 2024
What this means
The median sale price has decreased by 3% from last year to $440,500, though an opposite trend in price per square foot suggests this change more likely reflects the mix of homes that sold.
Homes are selling 3 days longer than last year, averaging 48 days on market, and sellers are receiving 99.6% of their original asking price.
The area is currently a balanced market with 3.6 months of supply. Active inventory is up 48% from last year to 114 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 May 2025, with 3.6 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 114 homes for sale.
How fast are homes selling in Otsego?
Homes that sold in May 2025 spent an average of 48 days on market, 3 days slower than a year earlier. Sellers received 99.6% of their original list price on average.
Are home prices going up in Otsego?
No. The median sale price fell 2.7% year over year to $440,500. Price per square foot moved the other way (from $190 to $197), 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 |
| April 2025 | $442,450 | 44 | 62 | 3.5 |
| May 2025 | $440,500 | 42 | 48 | 3.6 |
How Otsego compares with the Twin Cities region
In May 2025, the median sale price in Twin Cities (16-County Region) was $395,000.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published September 4, 2026.
Report published .
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