Otsego Real Estate Market Report: July 2025
In July 2025, the median sale price in Otsego was $456,900, up 7.5% from a year earlier.
- Median Sales Price
- $456,900
- +7.5% vs. July 2024
- Homes for Sale
- 122
- +31.2% vs. July 2024
- Months Supply
- 3.7
- +37% vs. July 2024
- Balanced market
- Days on Market
- 36
- -16.3% vs. July 2024
- Closed Sales
- 35
- +6.1% vs. July 2024
- Percent of Original List Received
- 99.6%
- +1.2 pts vs. July 2024
What this means
The median sale price has increased by 8% from last year to $456,900, 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 7 days more quickly than last year, averaging 36 days on market, and sellers are receiving 99.6% of their original asking price.
The area is currently a balanced market with 3.7 months of supply. Active inventory is up 31% from last year to 122 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 July 2025, with 3.7 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 122 homes for sale.
How fast are homes selling in Otsego?
Homes that sold in July 2025 spent an average of 36 days on market, 7 days faster than a year earlier. Sellers received 99.6% of their original list price on average.
Are home prices going up in Otsego?
Yes. The median sale price rose 7.5% year over year to $456,900. Price per square foot moved in the same direction (from $192 to $199), 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 |
|---|---|---|---|---|
| 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 |
| June 2025 | $427,500 | 38 | 48 | 3.4 |
| July 2025 | $456,900 | 35 | 36 | 3.7 |
How Otsego compares with the Twin Cities region
In July 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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