Otsego Real Estate Market Report: April 2026
In April 2026, the median sale price in Otsego was $478,990, up 8.3% from a year earlier.
- Median Sales Price
- $478,990
- +8.3% vs. April 2025
- Homes for Sale
- 110
- +1.9% vs. April 2025
- Months Supply
- 3.4
- -2.9% vs. April 2025
- Balanced market
- Days on Market
- 70
- +12.9% vs. April 2025
- Closed Sales
- 31
- -29.5% vs. April 2025
- Percent of Original List Received
- 99%
- +1.3 pts vs. April 2025
What this means
The median sale price has increased by 8% from last year to $478,990, though an opposite trend in price per square foot suggests this change more likely reflects the mix of homes that sold.
Homes are selling 8 days longer than last year, averaging 70 days on market, and sellers are receiving 99% of their original asking price.
The area is currently a balanced market with 3.4 months of supply. Active inventory is up 2% from last year to 110 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 April 2026, with 3.4 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 110 homes for sale.
How fast are homes selling in Otsego?
Homes that sold in April 2026 spent an average of 70 days on market, 8 days slower than a year earlier. Sellers received 99% of their original list price on average.
Are home prices going up in Otsego?
Yes. The median sale price rose 8.3% year over year to $478,990. Price per square foot moved the other way (from $196 to $191), 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 |
|---|---|---|---|---|
| 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 |
| August 2025 | $461,500 | 48 | 36 | 3.8 |
| September 2025 | $454,400 | 28 | 34 | 4 |
| October 2025 | $430,000 | 31 | 46 | 3.6 |
| November 2025 | $491,000 | 25 | 48 | 3.2 |
| December 2025 | $449,995 | 30 | 57 | 2.4 |
| January 2026 | $474,900 | 13 | 32 | 2.5 |
| February 2026 | $407,000 | 15 | 132 | 2.9 |
| March 2026 | $438,825 | 31 | 55 | 3.4 |
| April 2026 | $478,990 | 31 | 70 | 3.4 |
How Otsego compares with the Twin Cities region
In April 2026, the median sale price in Twin Cities (16-County Region) was $392,000, down 2.0% from a year earlier.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published September 4, 2026.
Report published .
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